When state-run Cochin Shipyard Ltd delivered the sixth and last of a series of bulk carriers built for Denmark's Clipper Group on 30 November 2007, it achieved a first for the Indian shipbuilding industry.
The ship was handed over to the owner 105 days before the scheduled date of delivery. The building of six bulk carriers, each having a capacity to carry 20,000 tonnes of dry bulk cargo, for the Clipper Group signifies India's transition from a shipbuilding country that is notorious for missing delivery deadlines to one that meets globally acceptable standards on delivery time and quality of ships. The delivery sequence of the Clipper ships has scripted this transition. The delivery of the first ship was 45 days behind schedule and the second was delayed by 15 days. The third ship was delivered on time, the fourth five days ahead of time and the fifth 45 days ahead of schedule. Delayed delivery means a yard has to spend more on labour costs, which erodes the firm’s margins. Besides, the firm will have to pay liquidated damages to the shipowner to compensate for loss on freight for each day of delay. ''Cochin Shipyard delivering ships for Clipper ahead of schedule is good for the Indian shipbuilding industry. We need a couple of more examples to boost the confidence of global shipowners to build their ships in India,'' said Ray Stewart, chief executive officer, Pipavav Shipyard Ltd, India’s newest private sector shipbuilder.
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