Tuesday, July 19, 2011

Two Offshore vessels Launched by Cochin Shipyard Limited

Cochin Shipyard Limited has launched 2 Offshore Support vessels named BY 80, an Anchor Handling Tug Supply Vessel for Shipping Corporation of India and BY 84 , a Platform Supply Vessel for M/s Brage Supplier, Norway. The official declaration of the vessel launch was held at a simple function held at Cochin Shipyard Limited (CSL).

Cochin Shipyard Limited has 34 Ships on order and had achieved a annual turnover of Rs 1462 crores during 2010-11. In the previous year the turn over for CSL was Rs 1417 crores. The Net Profit for Cochin Sihpyard was Rs 227.53  crores for 2010-11 where as it was Rs 223.04 crores for the previous year.

Cochin Shipyard has posted an impressive performance for the fifth year in a row in 2010-11 and is much more creditable in the light of withdrawal of government subsidy to ship building since August of 2007. At the Annual General Meeting of CSL held on  July 14th 2011 the company has declared a dividend of Rs 16.86 crores for the financial year 2010-11.

The ships were launched by Shri V Radhakrishnan, Director (Technical) in the presence of Cmde K Subramaniam, Chairman and Managing Director and Shri Ravikumar Roddam, Director (Finance).

BY 80, which is to be named SCI Urja is the last of a series of 4 Nos. 120T Bollard Pull Anchor Handling Tug Supply vessels that is being built for M/s Shipping Corporation of India Ltd., Mumbai . The vessel is of the AH03 design, designed by STX Europe and is classified under the Rules and Regulations of American Bureau of Shipping under Dual Class with the Indian Register of Shipping. The 66 x 16 M vessel is well equipped with a 300 Metric Tonnes Anchor Handling winch, Dynamic Positioning Grade 1 and fire fighting Grade 1. The vessel is capable of all normal offshore supply functions and has a capacity of 29 persons accommodation. The vessel also meets the requirements of ERRV Group C (Emergency Rescue & Response Vessel), vessel which will help in the standby and rescue functions in case of an Oil field exigency. Upon the delivery the vessel will fly the Indian Flag and will be registered at Mumbai.

BY 084 is the last of a series of 4 Nos Platform Supply vessel of type PSV 09 CD  which is designed by STX Europe  and is being built for M/s Brage Supplier, Norway. The vessel is a modern large Diesel Electric PSV which is designed to cater to all needs of the Offshore oil and gas industry. The 86 x 19 Metre vessel easily meets the highest levels of environmental safety that is denoted by the CLEAN DESIGN notation of M/s Det Norske Veritas. The vessel provides accommodation for 44 persons in addition to the normal offshore supply operations The vessel is also capable of carrying methanol and is fitted with fire Fighter grade 1 equipment. This vessel is equipped with a Dynamic positioning Grade 2 equipment.

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