On Tuesday, the Hindustan Times reported Hindustan Shipyard Limited, the Visakhapatnam-based shipbuilder, was expecting a major Indian Navy contract by this year-end.
The contract involves the construction of five ‘fleet support ships’, which have the vital role of resupplying warships at sea with spare parts, fuel, food, weapons and other equipment. In June 2019, Hindustan Shipyard had selected TAIS, a consortium of Turkish shipbuilding companies, as its partner for the fleet support ship project. The Turkish consortium was selected over offers from Russian and German companies.
According to the original agreement, TAIS would provide Hindustan Shipyard assistance in design and supply of machinery to build the five ships. The total value of the contract to Hindustan Shipyard would be about $2.3 billion, with the builder estimated to take about eight years to complete all five vessels. Read More…
