ABG Shipyard Secures Four-Bulker Contract

26 April 2010 (Last Updated April 26th, 2010 18:30)

ABG Shipyard will build four cement carriers for Singapore-based Associated Bulk Carriers (ABCL) for $114m. Each vessel, with a capacity up to 20,000t, will cost ABCL $28.5m, according to seatradeasiaonline.com. The Indian shipbuilder expects the vessels to be delivered betwee

ABG Shipyard will build four cement carriers for Singapore-based Associated Bulk Carriers (ABCL) for $114m.

Each vessel, with a capacity up to 20,000t, will cost ABCL $28.5m, according to seatradeasiaonline.com.

The Indian shipbuilder expects the vessels to be delivered between August 2011 and April 2014.

The shipyard has an existing order book of $2.65bn.

In August 2008 ABG booked its last order for two oil drilling rigs for Essar Oilfield Services, a subsidiary of Essar Group, for $530m.