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Hindustan Shipyard hands over vessel Good Trade to Goodearth Maritime - 2012-02-20

Hindustan Shipyard Ltd (HSL) here, functioning under the Union Ministry of Defence, has overcome many of its problems and is on the verge of a turnaround, according to the Flag Officer Commanding-in-Chief of the Eastern Naval Command, Vice-Admiral Anil Chopra, here.

He was the Chief Guest at a function in the shipyard on Friday to hand over the third 53,000-DWT diamond series bulk carrier - m.v. Good Trade - to the Chennai-based Goodearth Maritime Ltd (GML).

Vice-Admiral Chopra commended HSL for building the ship in 22 months and said he was confident HSL would deliver warships as well as merchant vessels on schedule in future.  He said there was immense scope in the country for building warships as well as merchant vessels. He said there was a perceptible change for the better in HSL and it augured well. The association between the Navy, the Indian Coast Guard and HSL would be of mutual benefit, he added.

The Chairman and Managing Director of HSL, Rear-Admiral N.K Mishra, said it was “a proud moment for HSL to deliver the vessel in 22 months” to GML and the remaining vessels in the series would also be handed over on time.

He said it was vessel no. 167 built by HSL.

He said HSL had delivered an inshore patrol vessel to the Indian Coast Guard in January and the remaining four would be built and handed over on schedule.

Exuding optimism, he said, “The silver lining is already visible for HSL and there will be sunny days in future. We are modernising the plant and equipment at a cost of Rs. 450 crore sanctioned by the Defence Ministry. In future, we will take up both warships as well as merchant vessels.”

The present order book position was Rs 1,038 crore, with 23 ships on hand. The vessel - Good Trade - is a modern double-hull bulk carrier with a high degree of automation, says the press release issued on the occasion.

The ship is 19 0.00 metres overall in length, 32.26 m breadth, 53,840 T scantling draft, and a speed of 15.20 knots. The vessel has a 37-member crew and it has been built to DNV classification.

The Managing Director of GML, Mr Ranjit, who received the vessel, said it was a remarkable achievement on the part of HSL. His company's association with HSL would continue.

Source: Hindu Business Line