Shipping Corp orders two AHTS at Cochin Shipyard

Mumbai: Shipping Corporation of India (SCI) has placed orders for construction of two anchor handling tug cum supply vessels worth about $ 35 million with Cochin Shipyard Ltd, the country’s biggest shipbuilder under state control, writes Livemine.com.

The shipbuilding contract between the two firms was signed in Delhi on thursday, according to a government official who asked not to be named. The contract also involves an option for building two more similar vessels with a pulling capacity of 120 tonnes that are used to support offshore oil drilling operations.Spokespersons for both SCI and CSL declined to comment because the deal has not been made public yet. Cochin Shipyard is one the prime candidates among a few sate-run firms that are looking to sell shares to the public through an initial public offering (IPO).

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