Bharati Shipyard Booked to Capacity

Bharati Shipyard, the second largest private sector shipbuilder in India, is going slow on fresh orders for building ships since the company is booked to capacity till 2011. The company, promoted by two former naval architects - P C Kapoor and Vijay Kumar - has seen orders pouring in from France, Norway and other leading maritime nations. Bharati reportedly will also shortly announce a joint venture with Apeejay Surendra Group for a large shipyard on the east coast. This, however, will be for bigger cargo ships. The four shipyards Bharati owns in Ratnagiri, Goa, Kolkata and Mangalore will continue to build high technology vessels such as offshore vessels. [Source: http://sify.com]