Walkers Colombo Shipyard launches first vessel

Aug 11, 2016 – Walkers Colombo Shipyard (Pvt) Ltd, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its first vessel, a barge named ‘Seagulf 1’, to re-enter the local ship building industry.

The barge designed and constructed entirely by in-house engineering teams under the guidance of Walkers Colombo Shipyard Managing Director Dr. Sarath Obeysekera was launched on August 8 at the Walkers Colombo Shipyard in Mutwal Harbour. “We are extremely pleased with the rapid progress made by the Marine Engineering sector of the Group” MTD Walkers Executive Deputy Chairman Jehan Amaratunga said commenting on the Group’s strategy to establish shipyards across the island to cater to the growing demand for quality ship repair and shipbuilding services in the Indian Ocean.

MTD Walkers, Sri Lanka’s only fully integrated engineering solutions provider, expanded its presence in the Marine Engineering sector in 2015 by unveiling its plans to open a state of the art ship repair facility in Mutwal Harbour with an investment of US$ 8.5 million.

Funding for the development of the yard was procured through the proceeds of a Rs 3 billion debenture issue in September 2015. The 3.5 acre facility upon completion will be equipped with a Shiplift and Transfer System, a first in the Sri Lankan Marine Engineering sector, capable of accommodating a broad range of vessels up to 1,250 DWT. Shipyard also envisages providing much needed repair services to Sri Lanka Fishing Boat Industry by installing a locally built Boat Lifts in all harbours to cater for lifting of boats up to 60 tons.

The shipyard has already commenced the construction of two tug boats which will be used to assist operations at the shipyard when it commences commercial operations in January 2017

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Source :- http://www.dailynews.lk/?q=2016/08/11/business/90167

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