MarinOIL Secures Delivery of Timblo’s Subsea CSV

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Timblo Drydocks, part of the Panduranga Timblo Group, has delivered a specialised DP-2 offshore construction support vessel built at its Goa shipbuilding facility, to clients of MarinOIL, New York.

Timblo Hull Y133, a light sub-sea construction support vessel, suitable for air diving, remotely operated vehicle (ROV) support, accommodation and project roles, was handed over to its owner in Mormugao Harbour on the west coast of India on August 20, 2014 and sailed two days later.

Designed for shallow water subsea operations, equipped with a 30 tonnes crane and able to accommodate 75 personnel, the vessel features a moon pool for launch and recovery of ROVs and other equipment. Constructed to the requirements of the Code of Safety for Special Purpose Ships, the ship is certified for DP2 operations and is classed by ABS.

Timblo Drydocks Executive Director Sarvesh Pramod Timblo, described the deal as significant in helping to reposition the Indian shipbuilding sector: “We are delighted to have completed this project for a leading offshore owner. Timblo Hull Y133 reflects our philosophy of providing high quality tailored products, constructed to international standards which offer maximum utility at a competitive cost. Our outlook is very much that of an international yard, working with our clients to support their investment, creating innovative solutions and offering extended services including vessel financing options to provide customised solutions in today’s constrained debt markets.”

James Driscoll of MarinOIL, which secured the buyers and is closely involved with the commercial marketing of Timblo’s shipbuilding business, commented: “We are very pleased to see the delivery of Y133 to the buyers. This is a project we have been deeply involved with from the outset and it reinforces our strong belief in Timblo as a boutique yard clearly demonstrating its potential to play a major role in the revival of Indian offshore shipbuilding in international markets. We already working with Timblo on further projects in the offshore sector.”

Late last year, Timblo secured a contract to construct a complete set of dredging facilities for the Mongla Port Authority, Bangladesh. The yard will shortly commence construction of a larger OSV also for light sub-sea construction support operations, which is due for delivery in the first quarter of 2016.

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