India: ABG Shipyard Inks USD 101.5 Mln Contract for Six New Vessels

Shipping Corporation of India (SCI) has ordered six new vessels from India’s ABG shipyard. This new order, booked today, is estimated to be worth around USD 101.5 million. The order comes as a SCI’s long term plan to acquire 24 new vessels.

Delivery deadline is 25 months from the day of signing the contract.

ABG Shipyard Ltd., the flagship company of ABG group was incorporated in the year 1985 as Magdalla Shipyard Pvt. Ltd. with the main objects of carrying Shipbuilding and Ship Repair business. From the year 1991, the company has achieved the status of the largest private sector shipbuilding yard in India with satisfied customer base all around the world. The registered office and the yard are situated at Surat in the state of Gujarat and the corporate office is in Mumbai. During past decade, the Shipyard has constructed and delivered One Hundred four(104) Vessels including Specialized and Sophisticated vessels like Interceptor Boats, Self Loading and Discharging Bulk Cement Carriers, Floating Cranes, Articouple Tugs and Flotilla, Split Barges, Bulk Carriers, Newsprint Carriers, Offshore Supply Vessels, Dynamic Positioning Ships, Anchor Handling Tug Supply Vessels, Multi-purpose Support Vessel, Diving Support Vessels, etc. for leading companies in India and abroad.

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Shipbuilding Tribune Staff, February 1, 2012; Image: abgindia