The public sector Cochin Shipyard Ltd is in the process of constructing 20 offshore vessels, valued at Rs 3,000 crore, for European and American clients.
The projects being undertaken excludes the indigenous aircraft carrier for the Indian Navy, which is also under construction, Commodore M. Jitendran, Chairman and Managing Director, CSL,said. He was speaking on the occasion of the naming ceremony of two platform supply vessels for the Greek company Hellespont Steamship Corporation. He said that the yard was able to achieve the highest ever turnover of Rs 967 crore during the year 2007-08. The profit after tax was also the highest ever in the year at Rs 93.85 crore. The two platform supply vessels were named as Hellespont Dawn and Hellespont Daring. The vessels are of the popular UT-755-LN design for the offshore industry. The vessel is designed for satisfying the specific demands of transport of deck cargo, pipes, liquid cargo, cement, barite and so on and unloading to rigs and production platforms, pipe laying barges etc. They are the workhorse of the offshore oil field industry, which acts as a lifeline carrying all operational supplies and stores to far-off offshore installations.
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