ABG Shipyard gets $254m Order

India’s largest private shipbuilding company ABG Shipyard Limited has received orders worth over $254.1m to build bulk and anchor vessels for shipping companies based in Egypt and Cyprus.

The company has received an order worth around from Cyprus La-mnalco Ltd. for delivery of production support vessel.

Another Cyprus-based Precious Shipping Public Company has placed a Rs 726 crore order to build five deadweight tonne bulk carriers. ABG also secured an order worth Rs 181 crores for two anchor handling vessels from Egypt based Maridive and Oil Services SAE.

(Source: The Asian Age)