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Pipavav Shipyard set to deliver their first vessel

Posted to Pipavav Shipyard set to deliver their first vessel (by on October 12, 2011

India’s largest private ship builder will hand over their first vessel soon

After some hiccups Pipavav Defence and Offshore Engineering Company Limited will finally be giving delivery of their first vessel later this month. India’s largest shipyard at the Gulf of Cambay in Gujarat on the West coast has been flush with order having signed contracts with several overseas ship owners, Indian state run organizations as well as the Indian Navy.  After much talk of early deliveries the shipyard will soon be making a series of ship deliveries.

Speaking to MarPro Cmde M. Jitendran, Chief Executive Officer of Pipavav Defence and Offshore Engineering Company Limited stated, “The first ship, a 75,000 tonner break bulk carrier, built for Norwegian ship owners is ready for delivery and has been brought alongside the jetty since last week. We will be making the delivery by the end of October 2011. Another vessel is also getting ready for delivery and should be handed over soon thereafter.”

Pipavav Shipyard has signed a contract with the Indian Defence Ministry to the tune of $ 660 million for the design and construction of naval gunboats for the Indian Navy. In addition, an approval has been granted for the initiation of its second dry dock. Pipavav Shipyard has also become the first private shipyard to receive the warship production license from the Indian government. Pipavav Shipyard will soon initiate the construction of naval gunboats and offshore patrol vessels for the Indian Navy.

Pipavav Shipyard has the largest dry dock in the country and is capable of accommodating ships of up to 400,000 DWT. It is the only shipyard in the private sector with modular construction facilities. The shipyard has strategic tie-ups with foreign partners including SAAB Dynamics, Northrop Grumman and UK's Babcock Group for defence production. Pipavav Shipyard currently has an order-book of about $1.5 billion. As a result of the revival of the offshore industry the company recently clinched an order from the state-run Oil and Natural Gas Corporation (ONGC) for 12 offshore support vessels worth $110 million

Pipavav is in the process of adding another dry dock adjacent to the existing facility on the south western coast of Gujarat, at a cost of around $230 million.

Recently Pipavav formed a joint venture with the state owned Mazagon Dock which builds warship and submarines for the Indian Navy. However, following complaints from Pipavav’s rivals, including L&T and ABG Shipyard and reports of lack of transparency in the deal, the India's defence ministry stepped in and put the joint venture formation on hold. According to sources the JV is likely to take off only when the ministry puts in place new rules for JVs with defense establishments.

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