PSL’s long-term strategy is to have four pillars to stand on, each capable of supporting the Shipyard on its own. The Company has engaged in activities in the following business sectors:
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Commercial shipbuilding |
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Offshore fabrication and servicing |
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Naval Vessel |
and in the next two years, will also add the following:
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This strategy will insulate PSL from the the risks of relying on one market segment alone, and also allow for profitable business opportunities in each segment to be grasped as market conditions dictate.
PSL has been set up with the in-built flexibility to switch from one product type to another, without compromising on the efficiency or cost-effectiveness of the yard operations.
Accordingly, there will be capability to build and repair (dry dock & afloat) most kinds of commercial dry and liquid cargo ships such as:
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Very Large Crude Carriers ("VLCC") |
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Capesize bulkcarriers |
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Suezmax tankers |
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Aframax tankers |
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Panamax bulkcarrier and tankers |
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Handymax and handysize bulkcarriers and tankers |
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Containerships |
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Chemical Tankers |
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Platform Supply Vessels and anchor handling tugs |
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Dredgers |
In Naval shipbuilding and repair, PSL has the necessary infrastructure and facility to build all kinds of naval vessels .
Given the increasing focus on offshore exploration for oil and gas around the coast of India, and in the Middle East, the Shipyard has been designed to exploit the opportunities that this sector has to offer. Our capabilities in this regard include fabrication / construction of offshore platforms, SBM’s, rigs, jackets, vessels, etc. for upstream oil and gas sector / companies both in India and abroad.
PSL has teamed up with one of India’s leading engineering companies involved in the offshore sector, Punj Lloyd Limited. This will help the Company fast-track into this growing sector since Punj Lloyd is pre-qualified with the major exploration and development companies operating in Indian waters. Punj Lloyd has taken a substantial shareholding in PSL.
At its site at Pipavav, PSL has installed and commissioned some of the most modern shipbuilding equipment that can be purchased – inter-alia, from leading companies in Norway, Japan, Italy and Norway. Two Goliath cranes, each having a lifting capacity of 600 tonnes, the largest in India, are being erected at the site.
This modern plant, when combined with PSL’s highly experienced management team, comprising Indians and multi-national expatriates and the competitively priced skilled labour available in India, have enabled PSL to make an impressive beginning in the various business segments
PSL has teamed up with two world-leading technical associates:
SembCorp Marine is a leading global marine engineering and shipyard group, specialising in a full spectrum of integrated solutions in ship repair, shipbuilding, ship conversion, rig building, topsides fabrication and offshore engineering. SembCorp been advising PSL on yard layout and manufacturing processes in relation to the Company’s start-up commercial shipbuilding operations.
Korea Maritime Consultants Co., Ltd. (KOMAC) was established in 1969 as Korea’s first and only private organization of naval architects and marine engineers. KOMAC has designed more than 1,200 different classes and type of ships. PSL has a technical services agreement with KOMAC to provide designs as well as assist with procurement of equipment and materials for the commercial ships being built, thus minimizing potential problems areas during the start-up phase.
Business Strategy
