Bharati clinches American contract

Bharati Shipyard in India has signed a contract with UP Offshore (Bahamas) Ltd. for construction and supply of two Platform Supply Vessels. The Contract value of these two vessels is $43.30 million.

It is the first time in the history of the Indian shipbuilding industry that an Indian shipbuilder has received a newbuilding contract from an American nation. P C Kapoor, Managing Director, BSL said: “We are extremely proud to announce that Bharati Shipyard is the first Indian shipbuilding company to have bagged this order. The UP Offshore prestigious order reinforces BSL?s premier ranking amongst the leading shipbuilding company across the world in the offshore segment.”