ABG delivers vessel to Vroon B.V, The Netherlands

Mumbai, August 30, 2007: ABG Shipyard Ltd, the country's largest shipyard, has delivered a highly impressive Diving support vessel to Vroon B.V. The Netherlands. This is the first vessel to be delivered to the Vroon Group. Besides, the Company is building another 2 vessels for the Vroon group.

About the vessel: VOS SATISFACTION

The 61 meter long Diving support vessel with Four Point Mooring system, is able to carry out Diving, Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the Floating Production Offloading Storage (FPSO) vessels, offshore oil and gas field on a twenty four (24) hour per day basis.

About Owners: VROON B.V. THE NETHERLANDS

Vroon B.V. is a dynamic and ambitious international shipping Company, active in a number of specialized and commodity type shipping segments. Vroon operates and manages a diverse fleet of about 80 vessels. The main office is based in Breskens, The Netherlands, but Vroon works with affiliates and partners around the world.

ABOUT ABG SHIPYARD:

ABG Shipyard Limited is the largest private sector shipyard in India. The company is an established manufacturer of marine ships, including bulk carriers, deck barges, interceptor boats, anchor handling supply ships, driving support ships, tugs and offshore vessels.

The company since 1990 has delivered over 100 ships of various types to domestic and international customers, including the aforesaid vessel. Of this, nearly 50 percent of the deliveries have taken place in the last five years. The company continues to ride the crest of boom wave in ship building industry as is evident from its strong order book position.

Looking at the prospects of Indian shipbuilding industry, it has been observed that project management skills and cost competitiveness remains the significant advantage of domestic shipbuilding industry considering the two major parameters of shipbuilding viz. steel fabrication, labour, price, quality and timely delivery.