Home BusinessSingapore company, Indian port to set up shipyard at Kakinada
Sembmarine Kakinada Limited (SKL), a joint venture of Singapore-based Sembawang Shipyard Pvt Ltd and Kakinada Seaports Ltd, has announced the establishment of a shipyard at Kakinada port at an estimated cost of $375 million to cater to offshore units and merchant vessels operating in Indian waters.
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The shipyard, which is expected to commence operations by the end of 2010, will offer integrated services to offshore vessels and merchant ships for construction, conversion, repair and servicing works.Ong Poh Kwee, deputy president of Sembcorp Marine and managing director of Sembawang Shipyard said, “The Krishna-Godavari and Mahanadi basin areas are exploration hotspots. We are optimistic of the region’s growth in terms of shipping and offshore activities, which will provide sustainable growth to our company.”
Transocean Offshore International Ventures Limited India, a subsidiary of Transocean USA, Aban Offshore Limited and MARCAS have entered an agreement with SKL to use the shipyard’s facilities to support their ongoing drilling units.