Goa Shipyard and Seven Islands Shipping to Conduct Shipbuilding and Repair Operations at Mormugao Port

Goa Shipyard Ltd and Seven Islands Shipping Ltd have expressed interest in building and repairing vessels at Mormugao Port’s Berth 9 and three inland berths, according to government officials. The port authority had previously invited private companies to redesign these cargo handling facilities but failed to receive any offers. Seven Islands Shipping, backed by Canadian businessman Prem Watsa and Fairfax India Holdings Corporation, plans to invest up to 900 million rupees in setting up a ship repair facility at the port. Meanwhile, Goa Shipyard, which is controlled by the defense ministry, may receive waterfront space on a nomination basis. The proposal is currently being discussed and the port authority plans to seek environmental approval before converting the unused berths.

The decision to allow Goa Shipyard and Seven Islands Shipping to build and repair vessels at Berth 9 and the inland berths comes after the port authority’s failed attempt to receive any offers from private companies for the redesign of these cargo handling facilities. Seven Islands Shipping, supported by Prem Watsa and Fairfax India Holdings, plans to invest a significant amount of money in developing a ship repair facility at Mormugao port. Goa Shipyard, controlled by the defense ministry, may receive waterfront space at Berth 9 through a nomination process, while the barge berth area will be offered to Seven Islands Shipping as part of a tender for a ship repair facility. The details of the proposal are currently under discussion and the port authority plans to obtain environmental approval before proceeding with the conversion of the unused cargo berths.

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