Dolphin Offshore plans foray into shipbuilding

With its Rs 400-crore greenfield shipyard project, yet to receive all necessary clearances, offshore service provider Dolphin Offshore Ltd is in the process of forging alliances with domestic shipyards into the booming shipbuilding market at the earliest.

Dolphin Offshore plans to consolidate its presence in the shipbuilding space by setting up a Rs 400-crore shipyard in three phases. ''The Gujarat Government has identified a suitable land at Jaffrabad, located northeast of Pipavav, for the proposed shipyard. After completion of the three phases of construction, the shipyard will be capable of dry-docking jack-up rigs, apart from constructing bigger ships. In fact, no shipyards in India can currently service the giant jack-up rigs used for offshore oil exploration. Dolphin sees tremendous potential in this space.

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