Labroy books GE quartet

The Singapore-based shipbuilder Labroy Marine has signed a four ship newbuilding contract worth $60.4 million with Greatship (India) Limited (GIL), a wholly owned subsidiary of the Mumbai-based Great Eastern Shipping Company Limited in India. The contract is for the construction of four 63 metre, 80 tonne bollard pull anchor handling tug supply vessels scheduled for delivery in 2009.

With this latest deal, Labroy’s outstanding order book value now stands at $819 million of which $491 million was secured in the first half of the year. This is a 71% increase over the contracts bagged for the whole of last year.