Tag: shipyard news
Is Cochin Shipyard going for the kill???
by ash on Mar.23, 2010, under Business & Industry
Cochin Shipyard to bolster capital base via IPO
A brimming order book, which includes an aircraft carrier, is prompting public sector Cochin Shipyard Limited (CSL) to increase capacity. The shipyard has plans to go in for an IPO to divest stake to raise funds for expansion, which includes a new dry dock. The proposal is to go in for fresh equity of 10%, which would also help increase the capital base of the company.
CSL has currently a capacity to make vessels of up to 110,000 deadweight tonne and the expansion will allow CSL to build and repair vessels of up to 200,000 deadweight tonne.
Expertise of building an aircraft carrier and timely delivery of vessels have helped CSL carve a niche in the market, despite severe competition from the Far East and Southeast Asia for commercial shipbuilding.
Presently, the shipyard has orders worth Rs 4,500 crore,.
That’s not all the yard delivered two of India’s largest double-hull Aframax tankers.
It has been quite a turnaround for them…
Coming soon the new era of shipyard
by ash on Feb.05, 2010, under Business & Industry
“Samsung to build green shipyard ”
Samsung Heavy Industries, Korea, held a ceremony to launch its green management programme on January 28. As part of the project, Samsung announced that it launch a “green shipyard”.
Worth US$434 million and to be ready by 2015, this specialised shipyard will develop environmentally-friendly vessels.
“The green growth paradigm is emerging due to global warming and companies are required to take action and responsibility for the cause,” Samsung President Noh In-sik was quoted as saying by Asiasis.
“Keeping pace with the demands of the new era, we will promote growth based on green management in a bid to become a socially responsible company.”
A green management committee with a representative director will also be chosen to head the new shipyard.
The shipyard will aim to develop new technologies to enhance energy efficiency while decreasing green house gas emissions by 30 percent.
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