For Immediate Release - Cochin Shipyard Ltd.

18 August 2008

Cochin Shipyard Delivers a Platform Supply Vessel for Norwegian Owners

1. Cochin Shipyard delivered another Platform Supply Vessel- Ship No BY 62 by name “Sea Turbot” to M/s Deep Sea Supply, with commercial headquarters at Norway, today. The protocol documents were signed by Shri C K Thomas, Executive Director, on behalf of Cochin Shipyard and Mr Kjell Karlsen , on behalf of M/s Deep Sea Supply , Norway. This is the Seventh of a series of eight ships being built for this owner. The first ship of the series was delivered in January 2007. The subsequent four ships viz Sea Halibut, Sea Angler, Sea Pike and Sea Bass were delivered in 2007-08 and Sea Pollock in 2008-09 . Three of these ships are operating in West Africa, one in Libya and one in Mexico, & one in India at the east coast oil base . All the vessels delivered so far have reported excellent performance and are operating for reputed international Petroleum Companies.

2. These platform supply ships are of the popular UT- 755-L design for the offshore industry. The vessel is designed for satisfying the specific demands of transport of Deck cargo, pipes, liquid cargo, cement / barrite etc and unloading to rigs and production platforms, pipe-laying barges etc. They are the workhorse of offshore oil field industry which acts as a lifeline carrying all operational supplies and stores to far off offshore installations. As the Offshore Industry moves into deeper waters, demand for such advanced vessels is expected to rise. These ships have been designed by Rolls Royce ship technology group. The ship is built and classified under the most stringent rules and regulations of Det Norske Veritas and is classed for unmanned engine room and dynamic positioning grade I. The vessel also satisfies ‘CLEAN’ notation of DNV which signifies high standards of environmental safety.

3. The yard is also constructing 20 other offshore vessels for European / American clients valued at over Rs 3000 crores .These projects are being undertaken exclusive of the Air Defence Ship for the Indian Navy which is also presently under construction.

4. Cochin Shipyard’s proposal for creation of Small Ship Division has been approved by the Government of India. The project is expected to be completed by March 2009. On completion these facilities would help the shipyard to undertake concurrent construction of small commercial ships with the Aircraft carrier.

5. CSL has delivered two ships so far during the year 2008-09 and plans to deliver another seven ships during the year. The company’s performance continues to be impressive in terms of meeting contractual delivery schedules while maintaining high quality standards.

By V.KALA
Company Secretary
Mob : 9895705113

 

Cochin Shipyard Ltd. Cochin - 682 015 Kerala India
Tel : 9847931062 Fax: +91-484-2370897 Email: pro@cochinshipyard.com