Indian Yard Secures Newbuild Order

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

Cochin Shipyard in India has received an Rs15bn ($336m) contract to build 20 fast patrol vessels for the Coast Guard. The vessels, which have a speed of 35kn and length of 50m, will be used to improve the coastal security of the country. Under the contract the first ship is t

Cochin Shipyard in India has received an Rs15bn ($336m) contract to build 20 fast patrol vessels for the Coast Guard.

The vessels, which have a speed of 35kn and length of 50m, will be used to improve the coastal security of the country.

Under the contract the first ship is to be delivered within 20 months and one every three months thereafter.

The new order has enabled the company to increase its order book to 36 ships, valued at Rs60bn ($1.3bn).

The company’s order book includes 15 offshore support ships for various global owners and the Coast Guard order for 20 fast patrol vessels, according to the economictimes.com.