Cochin Shipyard’s (India) profit set to treble
Cochin Shipyard Limited’s (CSL) order book is worth Rs.2,000 crore for a total of 19 ships in addition to the prestigious order for Indian Navy’s first indigenously-built air defence vessel.
Among the bulk orders it has received is the order for 17 platform supply vessels for its European clients. The construction of two bulk carriers for the Clipper Group in Bahamas is in advanced stage at the Shipyard.
The order book position is a boost to the Shipyard’s proposal for setting up a Small Ships Division, which had received in principle approval from the Union Ministry of Shipping and the Planning Commission. CSL’s shipbuilding achievement this year touched an all-time high of 1,81,000 DWT (dead weight tonnage), surpassing the previous best of 1,10,206 DWT achieved during 2005-06.
The Shipyard is expected to treble its net profit to Rs.58 crore for 2006-07 from the previous year’s level. The turnover is expected to be approximately Rs.800 crore, which is twice that of the previous year’s level.
Meanwhile, the Shipyard delivered Sea Angler, a platform supply vessel to Deep Sea Supply, Norway, here on Thursday. This is the third vessel being delivered this calendar year from a series of eight ships being built for the Norweg ian owner.
The delivery protocol was signed by C.K. Thomas, Chief General Manager (Small Ships Division and Forward Planning ) on behalf of CSL and Odd Boye, New Building Manager on behalf of Deep Sea Supply.
Thursday also saw the laying of keel for BY-60, the fifth of a series of platform supply vessels by A.J. Peter, Chief General Manager (Materials). M. Jitendran, Chairman and Managing Director of CSL presided at the functions.
The first of the two vessels in this series were delivered in January and April and were serving offshore fields off Congo in West Africa, said a communication from the CSL here.
These platform supply vessels are of the popular UT-755-L design and there are 130 vessels of this design in services. The vessels are designed for satisfying the specific demands of the offshore industry for transport of deck cargo, pipes, liquid cargo, cement and barite, and for unloading to rigs and production platforms and pipe-laying barges.
Among the bulk orders it has received is the order for 17 platform supply vessels for its European clients. The construction of two bulk carriers for the Clipper Group in Bahamas is in advanced stage at the Shipyard.
The order book position is a boost to the Shipyard’s proposal for setting up a Small Ships Division, which had received in principle approval from the Union Ministry of Shipping and the Planning Commission. CSL’s shipbuilding achievement this year touched an all-time high of 1,81,000 DWT (dead weight tonnage), surpassing the previous best of 1,10,206 DWT achieved during 2005-06.
The Shipyard is expected to treble its net profit to Rs.58 crore for 2006-07 from the previous year’s level. The turnover is expected to be approximately Rs.800 crore, which is twice that of the previous year’s level.
Meanwhile, the Shipyard delivered Sea Angler, a platform supply vessel to Deep Sea Supply, Norway, here on Thursday. This is the third vessel being delivered this calendar year from a series of eight ships being built for the Norweg ian owner.
The delivery protocol was signed by C.K. Thomas, Chief General Manager (Small Ships Division and Forward Planning ) on behalf of CSL and Odd Boye, New Building Manager on behalf of Deep Sea Supply.
Thursday also saw the laying of keel for BY-60, the fifth of a series of platform supply vessels by A.J. Peter, Chief General Manager (Materials). M. Jitendran, Chairman and Managing Director of CSL presided at the functions.
The first of the two vessels in this series were delivered in January and April and were serving offshore fields off Congo in West Africa, said a communication from the CSL here.
These platform supply vessels are of the popular UT-755-L design and there are 130 vessels of this design in services. The vessels are designed for satisfying the specific demands of the offshore industry for transport of deck cargo, pipes, liquid cargo, cement and barite, and for unloading to rigs and production platforms and pipe-laying barges.