India: Greatship Cancels Shipbuilding Contract for MPSV

India’s largest private sector shipping company , Great Eastern Shipping Company Ltd has informed BSE that it has cancelled the shipbuilding contract for a Multipurpose Support Vessel with Mazagon Dock Ltd, Mumbai (Yard No. 26775).

The said cancellation is disputed by the Yard.

With this cancellation the order book of GIL and its subsidiaries stands at four vessels and one jack-up rig in Dubai. Three of the vessels mentioned are ROV support vessels (in Singapore), and the fourth is an Anchor Handling Tug and Supply vessel (in Sri Lanka).

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Offshore Energy Today Staff, January 15, 2012; Image: Great Eastern Shipping