GE orders two MSVs

India???s largest private shipping firm by fleet size and revenues, Great Eastern Shipping Co., will invest an additional $114 million to acquire two new multi-purpose support vessels (MSVs) to provide logistics support for offshore oil exploration activities. The MSVs will be built at the state-owned Mazagon Dock to the account of Greatship Global Offshore Services Pte Ltd, the Singapore-based subsidiary of Great Eastern???s wholly owned offshore subsidiary Greatship (India) Ltd.

The Mumbai-based firm has placed orders for 15 offshore vessels with an investment of close to $500 million in a bid to emerge as a big player in this sector. To establish itself in the offshore services sector, Greatship India has ordered two platform supply vessels, four multi-purpose platform supply and support vessels, eight anchor handling tug-cum-supply vessels and a jack-up rig. It already owns three platform supply vessels.

The four multi-purpose platform supply and support vessels that Greatship is building at the yard of Singapore???s Keppel Singmarine Pte Ltd has operational features that helps in easily upgrading them to MSVs.