Feature 4
in breadth, and with depth of 19.70m,
moulded at side. The designed loaded
draught, moulded, is 12.40m, while the
scantling draught, moulded, is 14.15m.
The main engine is a single MAN B&W
5 S60MC-C, which can power the ship to
a speed of 14.5knots. The vessel’s cargo
hold capacity, including hatch coamings,
is approximately 91,000m
2
.
The yard has started with building
six such vessels a year, and will go up
to eight from the second year onwards.
Mr Stewart says that the yard actually
has bigger capacity, but he wanted to be
conservative at the start, and didn’t want
things to go wrong.
‘With our existing facilities, we could
do 10 Panamaxes and a few smaller
vessels a year, but I feel it’s best to be
cautious,’ he says. New 30,000dwt bulk carrier (the fifth in the series of six) that was delivered to the Clipper
The yard is converting one of the group by Cochin Shipyard last year.
existing wet basins into a drydock,
and awarded the contract to Afcons
Infrastructure in May last year. Afcons order from Shipping Corp of India (SCI) (Retired). ‘Our shiprepair income also shot
had earlier been awarded the contract for four anchor handling tugs/supply up from Rs1.51 billion (US$37 million) to
for Pipavav port, and had done a good vessels, each of which will cost US$22.32 Rs2.42 billion in fiscal 2006-07.
job of it. million. ‘The combination took our total income
‘The machinery for the shipyard has ‘The ships will be based on the for the year to Rs8.45 billion and post-
been ordered from first-class global yard Havyard Design, being used for the tax profit to Rs580 million, which was
machinery makers,’ says Mr Stewart. first time for such vessels in India,’ substantially better than our 2005-06
‘Really, this is not an Indian shipyard; it says the yard’s managing director P C performance of Rs4.53 billion turnover
is an international shipyard in India. It Kapoor. ‘The sophisticated design allows and Rs192 million profit. And our 2007-
will be by far the most modern shipyard higher deadweight tonnage and higher 08 performance promises to be the best in
in the country.’ cargo carrying capacity, compared our history, in terms of both turnover and
The yard has sealed technical to other 80tonne vessels with similar profitability.’
collaborations with KOMAC of Korea dimensions. In November last year, four months
and SembCorp of Singapore, while Having started with simple inland ahead of schedule, CSL delivered the last of
offshore expert Punj Lloyd has taken 25% cargo barges 40 years ago, the yard six 30,000dwt bulk carriers commissioned
of the equity; its involvement and inputs moved into deep-sea fishing trawlers and by the Clipper group of Denmark; and
in the offshore field are expected to be dredgers; it is now on the point of being also completed delivery of five of 28
valuable. able to offer ocean-going tankers, bulk offshore vessels ordered by Norwegian and
‘Our drydock will be 618m long and carriers, and container vessels. American clients.
65m wide, and can take care of even very The current commercial building
large crude carriers,’ says Mr Stewart. ‘We Rising CSl orderbook, worth Rs20 billion, consists
will be building two Panamaxes at a time, Among the state-run shipyards that cater of 24 vessels, including a combination
and floating them out at the same time. to merchant needs, the only yard that has of platform supply vessels and anchor-
We can do three Aframaxes at a time.’ consistently made profits over the past five handling tugs, plus the country’s first
Offshore is another area that could years is Cochin Shipyard Ltd (CSL), which domestically constructed aircraft carrier
offer the yard big business. Pipavav is had an outstanding fiscal 2006-07, with for the Indian Navy.
already pre-qualified as an offshore income nearly doubling and profit after tax ‘For design, we have a partnership with
vessel supplier with Oil & Natural Gas soaring 300% in comparison with 2005- Rolls-Royce and the Ulstein group, and
Corp and Reliance, which saves it a time- 06. go with fairly standard designs like 755L
consuming three-year long process. ‘Our shipbuilding performance improved and 755LN,’ says Cmde Jitendran. ‘Earlier,
Yet another private sector shipyard to 181,395dwt, compared to 110,206dwt in we did diesel propulsion DP-1 and DP-2;
growing at a cracking pace is Bharati 2005-06,’ says CSL chairman and managing but we are now moving into diesel-electric
Shipyard, which won a Rs3.51 billion director Commodore M Jitendran propulsion, and then into clean design
The Naval Architect March 2008 75
NA Mar 08 - p72+73+75+
77.indd 75 10/03/2008 14:54:40
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