L&T wins order for six ships worth over $100 million
- Audi drops plan to sell motorcycle brand Ducati
- RIL said to plan Reliance Jio IPO after $31 billion spending spree
- Sony WH-1000XM2 vs BOSE QC 35 II: A sound investment
- India says Chinese construction on Brahmaputra river dirtying water
- Walt Disney said to near deal for 21st Century Fox assets as Comcast drops out
Bangalore: L&T Shipbuilding Ltd., a subsidiary of Larsen & Toubro Ltd., has won an order from Qatar’s Halul Offshore Services Company W.L.L. for six specialized commercial vessels for a combined value of over $100 million, at least two people briefed on the deal said.
The contract involves building four platform supply vessels (PSVs) and two anchor handling, towing, supply and support vessels (AHTSVs) that are used to support offshore oil drilling activities.
Halul Offshore, fully owned by Milaha, previously known as Qatar Navigation Q S C, is Qatar’s largest offshore support services firm.
In June 2012, Halul Offshore had ordered four commercial ships—two PSVs and two AHTSVs, for a combined Rs483 crore, L&T said in a statement on 8 June 2012. This is the first commercial shipbuilding order executed at L&T’s Kattupalli yard in Chennai.
The website of L&T said that it was constructing 10 ships for Halul Offshore, without specifying when it got the orders for building six more ships from the Qatari firm.
Halul Offshore could not be reached immediately for comment. L&T said it would make an official announcement of the additional ship orders shortly.
The ships are classed with Lloyds Register Group Services Ltd, a global ship classification society, said an executive with the Indian office of the UK-based firm and one of the two persons mentioned earlier. The executive spoke on condition of anonymity because of company policy on speaking to the media.
Classification societies set technical rules on safety and protection of ships, confirm that designs and calculations meet these rules, survey ships and structures during the process of construction and commissioning, and periodically survey vessels to ensure that they continue to meet the rules as per the requirements of the International Maritime Organization or IMO, the global maritime regulator.
These societies are authorized to act on behalf of various maritime administrations, such as that of India, to verify that ships comply with IMO codes on sea and cargo worthiness.
Ships that are not classed or certified by any of the classification societies are not allowed to take to the sea.
L&T has established shipbuilding capabilities at Hazira on the west coast and at a new modern shipyard-cum-port at Kattupalli, near Chennai on the east coast. The Kattupalli facility is the largest integrated marine complex of its kind in India, capable of building specialized commercial ships and customized vessels as well as warships and submarines.