Indian yard wins order for cement carrier quartet
India’s largest private sector shipbuilder ABG Shipyard has won a $114m order to construct four cement carriers for the Singapore-based Associated Bulk Carriers (ABCL), which is 50% owned by the Bangkok-based dry bulk cargo specialist Precious Shipping.
Each of the 20,000 dwt cement carriers will cost $28.5 million and deliveries are scheduled between August 2011 and April 2014. This is the first order won by the Indian shipyard since September 2008. The last order it had booked had been in August 2008 for the construction of two oil drilling rigs for Essar Oilfield Services Limited, a subsidiary of the widely diversified Essar Group, for $530 million.
This latest order for four bulkers adds to the existing $2.65 billion order-book which will keep the yard busy until 2013.
