Bharati Shipyard signs contract with Clipper Group (Management) of Nassau, Bahamas

Bharati Shipyard Ltd has announced that the Company has signed a contract with Clipper Group (Management) Ltd of Nassau, Bahamas, for construction and supply of 6 Bulk Carriers of 20,000 DWT each. The Contract value of these 6 vessels is US$ 130.50 million.

Clipper Group is a leading international shipping consortium whose main activities encompass; Ship owning, Time charter operation, Liner services

Clipper Group controls app. 250 vessels, of which approximately 100 vessels are owned by the group.

Source : Equity Bulls

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