India: GGOS Cancels Second Multipurpose Support Vessel Contract

India-GGOS Cancels Shipbuilding Contract for One Multipurpose Support Vessels

Greatship Global Offshore Services Pte. Ltd. (GGOS) announced that the company has canceled contract for second Multipurpose Support Vessel with builder’s Yard No. 26775. GGOS said that the cancellation is disputed by the Yard.

GGOS, a Singapore incorporated subsidiary of Greatship (India) Limited (GIL), which is a subsidiary of The Great Eastern Shipping Company Limited, had signed contracts for two new building Multipurpose Support Vessels (Builder’s Yard No. 26775 and 26784) with Mazagon Dock Limited, Mumbai in September 2007.

GGOS had erlier cancelled the shipbuilding contract for one of these Multipurpose Support Vessels, with builder’s Yard No. 26784.

With this cancellation, the order book of GIL and its subsidiaries stands at four vessels and one 350 feet jack up rig in Dubai. The four vessels comprise of one MSV in India, three ROVSVs in Sri Lanka and two 150 TBP AHTSVs in Singapore.

World Maritime News Staff, January 13, 2012; Image: GGOS

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