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Indiaexportnews.com

ABG Shipyard bags major order to build cement carriers

  27.04.2010    

ABG Shipyard Ltd has bagged an order to build three cement carriers of 20,000-DWT each, Exim News Service informs.
The order is valued at Rs 385 crore ($ 85.5 million) and has been placed by Associated Bulk Carriers Pte. Ltd, which is a joint venture (JV) of Precious Shipping Public Company Ltd.
The vessels will have to be delivered between July 2011 and November 2013.
With this order, ABG’s order book position has strengthened to Rs 12,100 crore.
ABG’s Chief Financial Officer, Mr Dhananjay Datar, said, "We are extremely pleased on winning this order which only ascertains our customers’ confidence in us. Precious Shipping has been one of our esteemed customers and we have bagged repeat orders from them."

 



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