ONGC`s vessel tender attracts big names

Leading Indian shipping majors have been short-listed by the Oil and Natural Gas Corporation (ONGC) for its mega tender for 30 offshore support vessels. Great Eastern Shipping-promoted Greatship India (GIL), GE Shipping?s demerged entity Great Offshore (GOL), Essar Shipping-promoted Tag Sea Logistics, Gareware Offshore, ABG Shipping and state-run Shipping Corporation of India (SCI) are on the shortlist.

The contract will be awarded later today following negotiations. GIL has emerged as the lowest bidder in three categories out of four, while GOL has emerged as the lowest bidder for four vessel categories out of the five offered by it. Gareware quoted for two and bagged both.

The mega tender means revenue of $25,700 per day for these companies. The contract will be for three to five years. The Indian oil and exploration major had invited bids for offshore support vessels (OSV), including anchor handling and tug supply vessels (AHTS) and platform supply vessels (PSV).

GIL, GOL, SCI, Varun Shipping, Crown Maritime India, Garware Offshore, Tag Sea Logistics and ABG Shipping were the Indian companies that bid for ONGC?s tender.

Swire Pacific, Emas Offshore, Halul Offshore, Rolv Berg Drive A/S, Tidewater Marine International and Noble Discovery Drilling Technologies are the short listed overseas companies.