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News Update as at 18.00 hrs (IST)


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Garware Offshore bags new contract for supply vessel

MUMBAI: Garware Offshore Services Ltd (GOSL) on Monday said it has secured a three-year contract for its new anchor handling tug cum supply vessel (AHTS). The company is expecting an annual revenue of around Rs 17.5 crore from this contract, a press rel eased issued here said.

'Our company presently owns and operates six vessels with five more vessels scheduled for delivery within the next ten months. The addition of these new vessels will enable us to reach to a fleet size of 13-14 vessels by FY 10,'' the company's Vice-Chair man and Managing Director, Aditya Garware, said.

The vessel is scheduled for delivery in Singapore in June. The company also has plans to buy two platform supply vessels, for around $27 million each, scheduled for delivery in June and January. - PTI

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