The boom in the shipbuilding market has attracted a new player. Larsen & Toubro Limited (L&T), one of India's leading engineering and construction house, has decided to expand its business by entering the booming shipbuilding market. L&T announced its foray into the ship building sector with the winning of a contract for construction of four ships for Zadeko Ship Management of the Netherlands.
Other leading shipping companies across the world are also in touch with the company for their fleet augmentation requirement. The vessels will be built at a new shipyard that will form part of the company's modern engineering complex at Hazira, Surat. Zadeko, the Rotterdam-based shipping company, caters to special purpose cargo movements. Its management had expressed the desire to continue the company's association with L&T for its future vessel acquisition programme across a series of vessels. Production of the ships is scheduled to commence in July this year.
In line with the global shipbuilding trends, L&T will adopt modular construction and seamless work flow techniques at its shipyard to meet the stringent delivery schedules. The vessels will have a deadweight capacity of 8,250 tonnes and can carry 830 TEUs of containerised cargo. L&T's shipyard at Hazira will focus on construction of commercial vessels and warships for the Navy, as well as the Coast Guard. The yard will have the capacity to construct vessels up to 150 m long with a displacement of 20,000 tonnes.