BRICS PCG puts BUY on Garware OffshoreOur Markets Bureau / Mumbai April 25, 2006Brics PCG, in its morning call today, has recommended a "Buy" on Garware Offshore.The report states that the company is in the process of expanding its fleet from the current four anchor-handling tugs & supply vessels to six and one platform supply vessel to four by the end of 2008.One of the platform supply vessels - MV Kailash - is scheduled for delivery by October 2006, and has already been contracted with Transocean for a period of three years from December 2006 at Rs 24.5 crore per year ($15,500 per day).The other two platform supply vessels are expected to be delivered in April and September 2007, respectively. The company is already in talks with Transocean and ONGC to contract the April
