Dolphin Plans Foray into Shipbuilding

With its greenfield shipyard project yet to receive all necessary clearances, offshore service provider Dolphin Offshore Ltd is in the process of forging alliances with domestic shipyards in a bid to dip into the booming shipbuilding market at the earliest.

The company is in talks with three shipyards — two in Gujarat and one in Maharashtra-- to finalize a deal with one of the shipyards within the next two months. In the long run, Dolphin Offshore plans to consolidate its presence in the shipbuilding space by setting up a shipyard in three phases. After completion of the three phases of construction, the shipyard will be capable of dry-docking jack-up rigs, apart from constructing bigger ships. With more than 60 such rigs in operation in the Indian offshore sector, Dolphin sees tremendous potential in this space. Source: Business Line