HSL May Hand Over Bulk Carrier to Navy
By Aiswarya Lakshmi
Monday, October 26, 2015
Hindustan Shipyard Limited (HSL) may sell its bulk carrier under construction at the yard to the Indian Navy, reports the Hindu.
Goodearth Maritime Limited (GML) has failed to settle its dues for nearly a year after placing the order under Diamond Series of 53,000 DWT bulk carriers. GML has defaulted in payment of nearly Rs.20 crore. Despite several reminders, they have not cleared the dues.
The bulk carrier, on which HSL has completed 70 per cent of the work, is lying idle at the outfitting jetty blocking the space for undertaking other activities.
HSL is now exploring the possibility of selling the bulk carrier the Navy, by involving GML. The latter has also evinced keen interest.
HSL completed the delivery of four bulk carriers of 30,000 DWT under Trader Series in 2009 for GML.
HSL has recently handed over a refitted -made submarine to the Indian Navy, in what is a major order executed by the shipyard.