Financial Daily from THE HINDU group of publications
Wednesday, Jan 23, 2002
Corporate - Announcements
CSL to deliver new tanker to SCI ahead of schedule
The double hull tanker MT Maharshi Parasuram built by Cochin Shipyard Ltd, Kochi, for the Shipping Corporation of India, is all set to sail on Wenesday.
KOCHI, Jan. 22
THE public sector Cochin Shipyard Ltd is all set to deliver its newly constructed 93,000 dwt (dead weight tonnage) double hull tanker MT Maharshi Parasuram built for the Shipping Corporation of India ahead of schedule.
The contracted delivery date of the vessel, ninth in the series, was on July 22 and the yard hoped to deliver it much before this date, Commodore M.K. Murthy, Chairman and Managing Director, CSL, said at a press conference here on Tuesday.
This is the largest vessel constructed by the yard and it has taken only 15 months for its floating after laying the keel.
Maharshi Parasuram would be a technology demonstrator of the advances that had taken place in the yard in the recent times. This was made possible through a spurt in productivity and overall improvement in performance. Audits and study of the facilities and system employed in the vessel were undertaken and corrective actions were taken in the critical areas, he added.
Built at a cost of Rs 164 crore, the 237-metre-long vessel has 10 cargo tanks intended to carry one lakh cubic metre of crude oil and eight water ballast tanks for carrying 36,000 cu.m. sea water. It is fitted with a 14,900 HP engine to attain a service speed of 14.5 knots. When commissioned, the vessel would supply oil from Gulf countries to the refineries in the west coast and Haldia.
The twin walled outer body of the tanker is provided with the facility to meet the latest Marine Pollution Regulation (MARPOL) for the prevention of oil pollution at sea. More than 15,000 tonnes of steel has been used for the construction of this double hull tanker and the work content involves 440 km of welding work, 90 km of cable installation, 40 km of pipe laying etc.
With the latest marginal modifications to the building dock, CSL had agreed to take up the challenges of constructing 1,11,000 dwt Aframax tankers. The SCI had placed a letter of intent for one+one option of these tankers on CSL. Discussions had commenced with the SCI and the final contract with the owners was expected to be signed shortly, Mr Murthy said.
Regarding the proposed construction of the air defence ship for the Indian Navy, he said the design system of the vessel was in progress and the work was expected to commence by 2003. It would take around five to six years for its completion.
CSL would have to make additional facilities such as buying a new crane, setting up additional workshop and warehouse before the commencement of the work. The vessel would be 250-metre long, 35-metre wide and weighing 35,000 dwt, he said.
There were also proposals for constructing smaller vessels for Reliance Petroleum and cement carriers for Gujarat Ambuja and a container vessel for a Germany-based firm.
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