Bharati Shipyard secures order

Bharati Shipyard has announced that the Shipping Corporation of India board has accorded approval for acquisition of four numbers anchor handling tugs cum supply vessels from Bharati Shipyard. The total price of each vessel is US $ 22.32 million totaling to US $ 89.28 million. The contract signing ceremony will be held on 15 October 2007.

These vessels are the first of its kind being built by shipping corporation of India in India using such advance design. These vessels will be constructed by using havyard design which will be used for the first time for such vessels built in India. The design allows for achieving high bollard pull and fuel efficiency as against equivalent designs. Further, the design allows higher DWT and higher cargo carrying capacity compared to other 80 tons AHTSVs with similar dimensions.