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Tuesday, March 9, 2010

Garware Offshore secures Rs 225 mn contract from ONGC

Garware Offshore Services, engaged in chartering of its fleets on hire basis, has received contract from Oil & Natural Gas Corporation (ONGC) for its platform supply vessel, `M.V. Kailash` for a period of one year.

The value of the contract will be approximately Rs 225 million per annum (p.a.).

The functions that Garware Offshore `s vessels perform are transport of personnel to rigs from onshore bases and vice versa, delivery of cargo to rigs, anchor handling operations and towing of rigs from one location to another.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
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