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    Havyard Leirvik wins new order from Garware Shipping

    Yard News // October 31, 2005

    Havyard Leirvik in Norway has secured a US$21 million contract to build a PSV for Mumbai, India-based Garware Shipping Corporation.

    Fairplay's Daily Newbuilding News (www.fairplay.co.uk) of October 28th said the vessel is a Rolls Royce UT755L design, and will be delivered to Garware in the fourth quarter of 2006.

    Fairplay said Garware will finance the order out of its internal accruals and long-term funding already sanctioned by State Bank of India. Garware announced the new deal to the Bombay Stock Exchange last week.

     

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