Garware Offshore secures Contract
Garware Offshore Services Ltd has informed BSE that the Company has secured a Contract for upto 3 years for its new Anchor Handling Tug cum Supply Vessel (AHTS) being delivered in
Singapore in June, 2008. The annual revenue from this Contract is expected to be in the region of Rs 17.5 crores.
The Company presently owns and operates six vessels and has five more vessels scheduled for delivery within the next 10 months.
In view of buoyant demand in the Offshore Services Sector, the Company continues to look for more assets to acquire in an attempt to develop / strengthen its fleet.
Tags: Garware Offshore