Baalu hands over
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Home / India News / 2007 / May 2007 / May 31, 2007
Baalu hands over largest bulk carrier M.V. Good to M/s Goodearth
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Baalu hands over largest bulk carrier M.V. Good to M/s Goodearth

The Union Minister of Shipping, Road Transport and Highways T.R. Baalu, handed over the 30,000 DWT bulk carrier M.V. Good Providence to M/s Goodearth Maritime Limited at Vishakhapatnam today.

Vishakapatnam, May 31 : The Union Minister of Shipping, Road Transport and Highways T.R. Baalu, handed over the 30,000 DWT bulk carrier 'M.V. Good Providence' to M/s Goodearth Maritime Limited at Vishakhapatnam today.

The 30,000-DWT bulk carrier has been built by the Hindustan Shipyard Limited (HSL) at a cost of 17.51 million US dollars.

It is the first vessel of a series of four 30,000 DWT vessels to be built by the public sector HSL.

Baalu commended the HSL workers for completing the vessel in about one and a half years' time under tough working condition, despite financial constraints.

The HSL has received an order of 20 vessels amounting to 2,000 crore rupees, in terms of value.

With the proposed restructuring which is under consideration by the Government of India, the HSL will achieve long term profitability and with modernization schemes coming through, it is poised to become one of the best shipyards in the country.

The Centre has already taken measures, including release of additional funds for replacement and renewal of plant, machinery and equipment to help the Shipyard during the last three years.

Baalu earlier reviewed the functioning of Vishakhapatnam Port Trust and directed the port authorities to work expeditiously on the plans and programmes to be implemented during the next five-year plan.

ANI

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