Date: 15-10-2007
BharatiShipyard, Apeejay Shipping sign JV
to build shipyard along Eastcoast
* JV to invest Rs2,000 crore in new
shipyard
Mumbai, October 15, 2007: Bharati Shipyard
Limited, one of the leading Private Sector Shipyard and
Apeejay Shipping Ltd, one of the largest private ship
owners, today announced that they have signed a 50:50 Joint
Venture Agreement, for setting up a large modem shipbuilding
yard along the Eastern Coast of the country. Bharati
Shipyard Ltd and Apeejay Shipping Ltd are in the process of
jointly finalizing the site and shall announce the location
in the coming weeks.
The proposed joint venture, which is the
first of its kind in India to bring synergy between a
reputed Shipbuilder and a leading Shipping company, is
expected to commence operations by 2009.
Bharati and Apeejay would jointly invest in
the state of the art technology and modem shipbuilding and
ship repair facilities and would have the capacity to build
and repair vessels of all sizes upto VLCC.
Mr. V. Kumar, Managing Director, Bharati
Shipyard Limited said: "I am extremely proud to announce our
association with Apeejay Shipping, as our complimentary
skill sets bring immense value to the N. We expect
growing demand, and our new shipyard along the East Coast is
expected to partly fulfill this requirement. Our new
shipyard shall provide long term sustainability to build
technologically superior ships of high tonnage and also
cater to the ship repairing business of existing shipping
companies internationally."
Mr Karan Paul Chairman of Apeejay - Surrendra
Group said: "The JV with Bharati Shipyard heralds our
foray into ship building industry at an opportune time. Over
the next decade, the Indian shipbuilding industry is
expected to grow multi-fold and we are proud to be
associated with Bharati Shipyard to take on the new
challenges and opportunities from the global shipbuilding
industry. The shipyard of this size would require an
investment of Rs. 2,000 crores. Our vision is to make this
venture the leading shipbuilder in India going forward".
Date: 16-06-2007
Bharati Shipyard Limited,
one of the leading Private Sector Shipyard, has signed a
contract with GREAT OFFSHORE LTD for construction and supply
of One Multipurpose Offshore Support Vessel. The Contract
value of the vessel is US $64.80 million (i.e. App. Rs.
266.32 crore).
The vessel has a diesel electric
propulsion system with 5 generators of a total power of
10500 KW (14000HP). The vessel has all the equipment to
support ROV / Diving / Sub sea operations. The power would
be used to drive two Azimuth frequency controlled thrusters
of 6600 KW and two retractable frequency controlled
thrusters of 3000 KW.
The vessel also has dynamic
positioning system and integrated power management system
with full redundancy for DP2 operation.
The
vessel is equipped with a very sophisticated electro
hydraulic knuckle
boom crane which is active heave compensated and is suitable
for depths up to 3000 m and lifting capacity up to 150T.
Among
other features, the vessel has a helipad and Anchor handling
cum towing winch of 300T.
This is
the first time that such a Sophisticated and technologically
advanced Multipurpose Offshore Support Vessel is being made
in India.
The above contract is in lieu of
contract dated 24-3-2006 for One Multipurpose Offshore
Support Vessel valued at US$ 17.44 million (i.e. App. 77.51
crore) ordered by Great Offshore Limited on BSL.
Great offshore is India's prominent
integrated offshore oilfield services provider offering a
broad spectrum of services to upstream oil and gas producers
to carry out offshore exploration and production (E&P)
activities.
Date: 11/06/2007:
Bharati
Shipyards bags Rs 260 cr order to build two 150-tonnes
bollard pull AHTSV
*Total order book stand at Rs. 3,723.65 crores,
comprising of 41 vessels
Bharati
Shipyards Limited, one of the leading Private Sector
Shipyards, has bagged the largest order for AHTSVs, being
placed in India, by any European company. Norwegian Offshore
Shipping I Ltd., of Norway has chosen Bharati Shipyards to
place their order for 2 Nos. AHTSV at a contract value of
$65.1 million (i.e. App. Rs. 260 crores).
The
AHTSVs function as a support and Supply Vessel in Rig
operations as also help in anchor handling facilities to
position the rig appropriately. The normal tonnage ordered
is between 80 T to 120 T.
Mr. P.
C. Kapoor, Managing Director, BSL said: “The order
reflects our unique expertise and the high confidence that
we at BSL enjoy from our global customers. Our total order
book, now stands at Rs. 3,723.65 crores, comprising of 41
vessels.”
About Bharati Shipyards Limited:
Mr. P. C. Kapoor and Mr. Vijay Kumar, both Naval Architects
from IIT Kharagpur, established Bharati Shipyard in 1973.
BSL has emerged as the leading private sector shipyard in
India and designs and constructs various types of sea going,
coastal harbor, inland crafts vessels.
Bharati Shipyard
currently owns three shipyards, which are strategically
located at Ghodbunder – Thane , Ratnagiri and Calcutta.
A subsidiary of
the group, Pinky Shipyard Ltd., owns a shipyard at Goa.
The company is
in the process of building a green field shipyard at
Mangalore with capacity nearly four times higher than the
existing yards.
BSL has a strong
order book position of Rs. 3,723.65 crores. BSL’s majority
of the order book comprises of offshore segment like AHTS,
OSVs and Rigs and reflects its superior quality engineering
skill sets and ability to deliver on time.
BSL reported Total Turnover (excluding subsidy) of Rs.
359.92 crores for April 2006 - March 2007, an increase of
38.6 per cent over Rs 260.05 crores during the corresponding
period last year. The Net Profit increased to Rs 73.2 crores
during April 2006 – March 2007 from Rs. 51.1 crores in April
2005 – March 2006. BSL has a dividend-paying track record
since the company went public in 2004. The company has
declared dividend of 25 % during April 2005- March 2006.
Date:
28/05/2007:
Man
Ferrostaal AG of Germany has ordered 2 Nos. Latest
Generation Large PSVs with Bharati Shipyard Limited. The
Contract value of each vessel is
€
38 million totaling to €
76.00 million (i.e. App. Rs. 418 crore).
These vessels are 105 m in length
and are fitted with 2 sets of Voith cycloidal Propeller
Units at the stern powered by electrical prime mover for
diesel Electric Propulsion. Classed with Germanishcher
Lloyd, the vessels will have free running speeds of 17
Knots. Bharati is proud to announce the above order as it
contains rare combination of a Large PSV with a higher
speed. Bharati shall also carry out the detailed engineering
for the above vessels in its in-house design center.
The
vessel would have cargo Deck area of 1400 sq. meter and will
have capacity of 2500 tons Deck load.
This is
the first time that such a latest generation PSVs with Voith
Cycloidal Propeller Units is being made in Asia. As on date,
there are only 3 such vessels in operation worldwide.
MAN
Ferrostaal, is an industrial service provider forming part
of the MAN group having presence in more than 60 countries.
MAN Ferrostaal has an annual turnover of about € 1,379
million.
With the
above orders, our total order book stands at Rs. 3,554
crores comprising of 41 vessels.
Date: 30-04-2007
Bharati Shipyard Limited,
one of the leading Private Sector Shipyard, has signed a
contract with GREAT OFFSHORE LTD for construction and supply
of One Multipurpose Offshore Support Vessel. The Contract
value of the vessel is US $64.80 million (i.e. App. Rs.
266.32 crore).
The vessel has a diesel electric
propulsion system with 5 generators of a total power of
10500 KW (14000HP). The vessel has all the equipment to
support ROV/Diving/Sub sea operations. The power would be
used to drive two Azimuth frequency controlled thrusters of
6600 KW and two retractable frequency controlled thrusters
of 3000 KW.
The vessel also has dynamic
positioning system and integrated power management system
with full redundancy for DP2 operation.
The
vessel is equipped with a very sophisticated electro
hydraulic knuckle
boom crane which is active heave compensated and is suitable
for depths up to 3000 m and lifting capacity up to 150T.
Among
other features, the vessel has a helipad and Anchor handling
cum towing winch of 300T.
This is
the first time that such a Sophisticated and technologically
advanced Multipurpose Offshore Support Vessel is being made
in India.
The above contract is in lieu of
contract dated 24-3-2006 for One Multipurpose Offshore
Support Vessel valued at US$ 17.44 million (i.e. App.
Rs.77.51 crore) ordered by Great Offshore Limited on BSL.
Great offshore is India's prominent
integrated offshore oilfield services provider offering a
broad spectrum of services to upstream oil and gas producers
to carry out offshore exploration and production (E&P)
activities.
It owns a fleet of thirty-six offshore assets, which include
twenty-two offshore support vessels, eleven harbour tugs,
two drilling rigs and one construction barge. It operates in
four major business areas: Offshore Drilling Services,
Offshore Logistics Support Services, Marine Construction
Project Services and Port and Terminal Support Services.
• Bharati
Shipyard forays into South America
* First
Indian company to receive shipbuilding order from a South
American group.
Mumbai, April 23,
2007: Bharati Shipyard Limited, one of the
leading Private Sector Shipyard, has signed a contract with
UP OFFSHORE (BAHAMAS) LTD, for construction and supply of
two Platform Supply Vessels.
The
Contract value of these two vessels is US $43.30 million
(approximately Rs 180 crores).
It is the
first time in the history of Indian shipbuilding industry
that an INDIAN
COMPANY has received a shipbuilding contract from
a SOUTH
AMERICAN COUNTRY.
Mr P C
Kapoor, Managing Director, BSL said: “We are extremely proud
to announce that Bharati Shipyard is the first Indian
shipbuilding company to have bagged this order. The UP
Offshore prestigious order reinforces BSL’s premier ranking
amongst the leading shipbuilding company across the world in
the offshore segment.”
A Platform
Supply Vessel (PSV) is a ship specially designed to support
offshore oil platforms. The primary function of these ships
is to service the offshore oil platforms including supply of
Drilling mud, pulverized cement, diesel fuel, portable and
non-portable water and chemicals used in the drilling
process.
UP
Offshore (Bahamas) Ltd., a subsidiary of Ultrapetrol
(Bahamas) Ltd., is engaged in construction and operation of
Platform Supply Vessels that provide services to offshore
petroleum exploration and production companies primarily in
the North Sea and Brazil.
Ultrapetrol group operates in four business segments with a
total fleet of 568 vessels consisting of Offshore Supply
Vessels, Ocean Fleet (including Suezmax OBOs), River Fleet
and Passenger Fleet.
About Bharati
Shipyard Limited
Bharati
shipyard Limited, the leading private sector shipyard in
India was established in the year 1976, promoted by Mr. P.
C. Kapoor and Mr. Vijay Kumar, Naval Architects from IIT
Kharagpur.
Bharati
Shipyard currently owns two shipyards, which are
strategically located at Ghodbunder – Thane and Ratnagiri. A
subsidiary of the group, Pinky Shipyard Ltd. owns a shipyard
at Goa. The company is in the process of building a green
field shipyard at Mangalore with capacity nearly four times
higher than the existing yards.
The
company is presently manufacturing various kinds of ships,
including offshore support vessels required for oil
exploration industry, state-of-art dredgers, and
technological marvel of the highly maneuverable and
power-packed Ocean Going Tractor Tugs, Cargo/Container
Ships, Tankers, etc. After planned expansion, the company
will be able to increase the capacity and the range of ships
that can be manufactured, which will help the company reduce
dependence on any one sector.
Date: 16-04-2007
• Bharati Acquires all the Shipyard Machinery and
Equipments of Swan Hunter Shipyard Wallsend, Newcastle –
upon Type
Mumbai April, 16, 2007: Bharati Shipyard Limited, on of the
Leading Shipyards in India has acquired all the shipyard
machinery and
Equipments of Swan Hunter (Typeside) Shipyard Ltd. Through
this acquisition BSL acquires fully automated panel lines,
quayside traveling
gantry cranes upto 180T capacity, 30 overhead traveling
cranes upto 60T capacity, Plate bending rolls of 2000 ton
capacity, bending presses,
robotic profiling machines, CNC plasma Buring Equipments,
etc.
These equipments will be used by BSL at its existing yards
as well as for its Greenfield projects, BSL has also
acquired the 20,000-ton lift
capacity floating dock of Swan Hunter Shipyard, which will
add a lot of value to its existing operations. This
acquisition would help BSL to save
cost and lead-time, which would have otherwise been spent in
procuring the new machineries and equipments.
Swan Hunter Shipyard is an internationally renowned
shipbuilding yard. Swan Hunter was engaged in shipbuilding,
ship conversion and
construction of offshore structures. It had capacity to
build vessels upto 1,00,000 DWT. During its 130 years of
existences, Swan Hunter built
over 1,600 ships of various types including more than 400
naval vessels.
Date: 17-08-2006
• Bharati Shipyard Limited, one of the largest
private sector shipyards in India has bagged a contract from
Reliance Industries Ltd. for construction of 6 vessels
including 1 diving support vessel. These vessels will be
used by M/s. Reliance Industries Ltd. for Its Offshore
terminal Jamnagar and the contract value of the same is
approx. Rs.120 crores.
• With this order Company's current order book
position is Rs.1,586 crores and the unexecuted order book
position is Rs.1157 Crores which is 4.45 times the turnover
for the F.Y. 2005-06.
Date: 27-10-2005
• Bharati Shipyard Limited, has completed the acquisition
of M/s Pinky Shipyard Private Limited. The Company holds 51
% share capital of Pinky, which will be a subsidiary of
Bharati Shipyard Limited.
Date: 30-09-2005
•
Bharati Shipyard Limited, one of the largest private sector
shipyards in India, has successfully bagged a contract from M/s.
M. K. Shipping BV, Netherlands for supply of 6 (six)
Multipurpose Carrier Vessels.
Total value of these 6 vessels is US $ 66.00 Millions
• Bharti Shipyard to unveil IPO to fund expansion plans
http://www.utisel.com/iponewsd.html
• GE Shipping contracts 2 new AHTSVs
http://economictimes.indiatimes.com/articleshow/804054.cms
• Halul Offshore Services Company (HOSC) has signed a $15mn contract with India 's Bharti Shipyard http://www.haluloffshore.com/news.htm
• Bharati Shipyard bags order from GE Shipping http://www.thehindubusinessline.com/2004/08/24/stories/2004082401540900.htm
• Shipbuilding subsidy policy for 5 more years http://www.blonnet.com/2002/09/27/stories/2002092702450300.htm
