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Article: Garware Offshore to acquire construction barge.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 29, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Garware Offshore to acquire construction barge
Mumbai, Nov 29 (PTI) -- Shipping firm Garware Offshore Services today said it will acquire a construction barge, scheduled to be delivered in July, 2009.
The company's subsidiary, Garware Offshore International Services Pte Ltd (GOISPL) has signed a contract in this regard, Garware Offshore said in a filing to the Bombay Stock Exchange.
Upon completion of formalities, the said barge, would be chartered to Garware Offshore for a period of up to 10 years on delivery, the company added.
A barge is a flat-bottomed boat, built mainly for river and canal transport of heavy goods.
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