NEW SHIPYARD....AWSOME!

[Contrarian]

Trinity buys Pipavav stake
Shabana Hussain / New Delhi January 31, 2007
Acquisition in Sea King Infrastructure-promoted shipyard worth Rs 104 cr.

Trinity Capital has bought a 10.43 per cent stake in Pipavav Shipyard Ltd, promoted by Nikhil Gandhi-backed Sea King Infrastructure, for Rs 104 crore.

Existing investors in Pipavav Shipyard include financial institutions such as IL&FS and Exim Bank, which have a majority 51 per cent stake in the company.

“The acquisition is the second investment we have made with our strategic partner IL&FS in the infrastructure sector in India. Our participation in this deal represents a strategic investment that will give Trinity exposure to ship building, one of the fastest growing sectors in India,” said Ashish Kalra, managing director of Trikona, the asset manager for Trinity Capital.

Pipavav Shipyard plans to build the largest integrated ship building yard in India, which will also be the fifth largest in the world, near the Pipavav port in Gujarat.

The shipyard will have a capacity of 300,000 tonnes (dead weight tonnage). Currently, the largest shipyard in India is in Kochi and has a capacity of 125,000 tonnes.

The Pipavav port was developed by the Nikhil Gandhi group and is now handled by Maersk. The 175-acre shipyard will have the capability to build ships and vessel types ranging from aircraft carriers and luxury liners to oil tankers. It will have the capacity to build 12 large ships simultaneously. The project is likely to see investments of Rs 8,000 crore over the next 7 years.

The shipyard will be strategically located between the two busy ports of Kandla and Mumbai. It will also be the only major shipyard between Dubai and Singapore.

As part of the transaction, Trinity will be building a 150 acre township in the vicinity of the shipyard.

This will provide housing, recreational facilities, schools, hospitals and commercial offices.
http://www.businessstandard.com/common/storypage.php?autono=273145&leftnm=3&subLeft=0&chkFlg=

 

[Contrarian]

So i guess India is finally starting to develop its ship building capabilities.

 

[EagleEyes]

Damn it. I guess Gawadar will have to be more bigger than that? Or the strategic location will give it an automatic edge? I see something fishy. This could be funded by the United States.

 

[Neo]

Size doesn't matter when it comes to a growing region as our, there's plenty for everyone for coming decades. Indian ports won't harm us webby.

Gwadar's main advantage is its geo-strategic location, its the future gateway to GEC and CAR and an energy corridor to China. India can build ten times bigger ports, she can't provide same benefits as Gwadar.

 

[Bull]

Size doesn't matter when it comes to a growing region as our, there's plenty for everyone for coming decades. Indian ports won't harm us webby.

Gwadar's main advantage is its geo-strategic location, its the future gateway to GEC and CAR and an energy corridor to China. India can build ten times bigger ports, she can't provide same benefits as Gwadar.

Gwadar inspite of all the promises it holds is still a non starter. GOP recently awarded the deal to operate the port to Singapore ports. And there were only three operators bidding for it, DP,SP and a chineese company.

Gwadar and the new port neednt mixed up together, one is set to act as a transhipement while the other as a ship building hub.

 

[Neo]

Gwadar inspite of all the promises it holds is still a non starter. GOP recently awarded the deal to operate the port to Singapore ports. And there were only three operators bidding for it, DP,SP and a chineese company.

How is that a non starter?
DP and SP happen to be best known port operators, I'm glad to see Gwadar being operated by the best of the best in business.

Gwadar and the new port neednt mixed up together, one is set to act as a transhipement while the other as a ship building hub.

Indeed, we're talking about different assets and difefrent roles here. Gwadar and Indian ports are not competing for business.

 

[Contrarian]

Damn it. I guess Gawadar will have to be more bigger than that? Or the strategic location will give it an automatic edge? I see something fishy. This could be funded by the United States.

Huh??
Gwadar is a PORT for transit routes. This is a SHIPYARD used to BUILD ships. How are the two even remotely close? It will be used to build and repair ships! It will be on a bigger scale than anything India has at the moment. It will be a completely modern shipyard. How is this funded by US? Its a private corporation developing the shipyard? The company is Indian. How the hell can US be involved?

Essentially since it will be such a good shipyard, it will bag the contracts of the Indian Navy to build ships for them. They would also have the capacity to build the ADS-2(Air Defence Carrier-2) for IN, that no other shipyard in the country would have the capacity. This would be a boost for the ship producing capcity of the country.

 

[joey]

neo your mixing between port and shipbuilding yard.
this can make carriers etc etc....
Pakistan is nowhere in shipbuiding yet.

anyways some news on emerging shipbuilding industry,
neo if ur family is in india tell em to buy shares of L&T or etc ect ship buiklding yards, i feel things wud go great very soon.

http://www.businessstandard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=20051

L&T had marked its entry into the field in April 2006 by securing an order from the Netherlands-based Rolldock (earlier Zadeko Ship Management) for four heavy lift semi-submersible cargo ships.

 

[Bull]

How is that a non starter?
DP and SP happen to be best known port operators, I'm glad to see Gwadar being operated by the best of the best in business.

has the port started functioning yet?

Theres lot of grey areas.

- How is china being repayed back?

- Is it only interest that China gets?

- Would china be given a discount on the goods that it transits thru Gwadar?

- Inspite of such high participation, why wasnt the Chineese operater awarded the contract?

- Why did China ban exploration activity in Baluch?

- If they are not happy with the security situation in Baluch how come they gave so much soft loans to Gwadar?