Boat Deal

July 01, 2011 (LBO) – Sri Lanka based SOLAS Marine has won an order for 80 fast interception craft from the Indian Navy in a deal valued at 3,000 million rupees (67 million Us dollars), a media report said. The Times of India newspaper said the boats would be delivered over three years. FICs have a crew of between five to seven sailors, travels at around 40 to 50 nautical miles an hour and are armed with a light machine gun.

The boats will be used in a new unit built by the Indian Navy to protect Naval assets and harbhours from militant attacks. Fifteen similar boats have also been bought from Chantier Naval Couach, a French shipyard.

SOLAS Marine Lanka is part of a Dubai-based group according to the firm’s website. It had bought over Blue Star Marine, a Sri Lankan boat maker that had been in business for 25 years.