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    Garware Offshore to invest in new barge

    Vessel & ROV News // November 9, 2007

    News sources in India report that Garware Offshore Services Ltd is acquiring a construction barge from a Chinese builder for US$25 million.

    According to a company official, the deal should be finalised shortly.

    The barge, to be delivered by the second quarter of 2009, is being acquired through 100 per cent financing via its Singapore subsidiary on a bareboat charter basis.

    The deal also gives Garware an option for a second barge.

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