Deals18 Sept 2024, 10:16 pm
GRSE Receives Confirmation for Construction of Additional Four Multi-Purpose Vessels Worth Approx. 54 Million USD
AI Summary
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has received a confirmation from M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany to build and deliver four additional Multi-Purpose Vessels of 7,500 DWT each. This announcement comes after GRSE signed a contract with the same entity on 22 Jun 2024 for the construction and delivery of Multi-Purpose Vessels with an option of building another four ships in the near future. The total value of the eight vessels is approximately 108 million USD. The time period for the execution of the order is 33 months from the date of signing the contract.
Key Highlights
- GRSE to construct and deliver four additional Multi-Purpose Vessels worth approximately 54 million USD.
- This confirmation comes after GRSE signed a contract with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany on 22 Jun 2024 for the construction and delivery of Multi-Purpose Vessels.
- The total value of the eight vessels is approximately 108 million USD.
- The time period for the execution of the order is 33 months from the date of signing the contract.
- No related party transactions are involved in this order.