BS Reporter / Mumbai
Shipping services firm Garware Offshore Services Ltd (GOSL) will acquire five ships - three tugs and two platform supply vessels - for a total of $100 mn.
The company will purchase three anchor handling tugs-cum-supply vessels for around $13.5-15.5 million each, of which two are scheduled for delivery in June and August 2008. The third vessel will be delivered in February 2009, the company said in a statement.
GOSL will also buy two platform supply vessels, for around $27 million each, which are scheduled for delivery in June 2008 and January 2009.
The boom in the oil exploration and production sector brings with it tremendous opportunities for Garware Offshore creating increased demand for such vessels. To match the industry expectations, our company has added new vessels which will enable us to reach to a fleet size of 13-14 vessels by financial year 2010,” GOSL vice chairman and managing director Aditya Garware said.
The company, which is expanding its fleet size, has taken delivery of three platform supply vessels, with two more scheduled for delivery in June 2008 and January 2009.
In addition, 3 anchor handling tugs-cum-supply vessels are scheduled for delivery in mid-2008 and early 2009.
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