Major newbuilding project

Navgathi bagged a major new shipbuilding project today. This is a two year project for supervising the construction of six (6) 37,000 TDW Bulk Carriers in Hyundai Mipo Dockyard, S.Korea. The contract was signed this morning with Sandith, CEO (Navgathi) visiting the Client Office in Switzerland. This project is scheduled to start end of this year.

There was major competition from various consultancy companies and what won the day for Navgathi was the experience of handling a similar project currently as well as providing the services at a very attractive price.

The below snap shows the construction of two similar vessels that Navgathi managed in the same shipyard.

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