The main contract for the construction of two 78-metre MPSVs, signed in October 2010, provided for Greatship Global Offshore Services (GGOSL) to exercise an option to construct two more vessels at the same price, which the yard did not disclose.
"With the Offshore Support Vessel market on its way to a gradual recovery, GGOSL has indeed made the right strategic move, by taking steps to beef up their ship assets," the statement said.
"This will undoubtedly permit GGOSL to successfully grab opportunities which will be forthcoming during a period of upturn in the market, in the future."
The three MPSVs are scheduled for delivery in the first, second and third quarters of 2012. The yard books profit on vessel delivery.
Greatship Global Offshore Services is a Singapore incorporated subsidiary of Greatship (India) Limited (GIL), which is a subsidiary of The Great Eastern Shipping Company Limited.
"The latest additions to the shipbuilding order book including the two MPSVs from the main contract and the order from the optional contract, will take the company through the year 2011 and 2012 with an impressive order book," the statement said.
Colombo Dockyard is currently building two 130 Ton Bollard Pull Anchor Handling Tug Supply Vessels for another Singaporean owner with deliveries scheduled for the second and third quarter of 2011.
In addition to the two Anchor Handlers, Colombo Dockyard is nearing completion of the fourth 78-m Multipurpose Platform Supply Vessels being built to comply with Indian flag state requirements, which is scheduled to be delivered in the first quarter of 2011.
One 100 passenger launch too being built for the state-owned Road Development Authority to be operated in the northern Jaffna Peninsula.
source - www.lbo.lk
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