Monday, October 8, 2007

Garware Offshore plans JV with Norway firm for shipbuilding yard

Mumbai-based Garware Offshore Services Ltd, a company that offers ships for oil and gas exploration activities, plans to enter the shipbuilding business by setting up an exclusive facility for making offshore support vessels.

This shipbuilding yard will be a joint venture with Norway-based ship manufacturer Havyard Leirvik AS, promoted by Havyard Group AS. Havyard Leirvik is a leader in making offshore ships, ice-breaking ships and other types of specialized vessels.

Garware Offshore had recently signed an agreement with Havyard Leirvik for exclusive representation for the marketing and sale of ships built by them and ship designs produced by Havyard Maritime AS to Indian shipping companies and yards.

Read more in The Livemint article.

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