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Article: Garware Offshore to invest USD 96 mn to expand vessel fleet.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 2, 2009
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Garware Offshore to invest USD 96 mn to expand vessel fleet
Mumbai, Feb 2 (PTI) -- Garware Offshore Services has said it would invest about USD 96 million over the next 18 months to add three ships to its existing nine-vessel fleet.
"We will be taking deliveries of an anchor-handling tug-cum supply vessel (AHTSV) and a platform supply vessel (PSV) at the end of February," Garware Offshore Services President Finance Sandeep Akolkar told PTI.
"The AHTSV cost us about USD 16 million and the PSV about USD 25 million," he added.
Besides, it will acquire a large PSV for about USD 55 million, the delivery for which will be in October 2010.
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