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New Delhi, June 21: Engineering and construction firm Larsen and Toubro Ltd today said it has secured a contract worth 94.95 million dollars from Netherlands-based BigLift Shipping BV for construction of two ships.

The production of the ships is scheduled to commence in June 2008 and the vessels will be delivered by March 2010, a statement said.

The vessels will be able to carry all kinds of dry cargo as well as project cargoes and heavy lift in the most efficient manner.

The order further establishes the entry of the company's venture into shipbuilding last year. The vessels will be built at the existing shipyard that is a part of the company's engineering complex at Hazira in Surat.

BigLift Shipping is currently operating 13 heavy lift vessels having a maximum lifting capacity of 1,400 MT. The new vessel ordered on the company are multipurpose heavy lift vessels to be equipped with two Huisman Heavy lift mast cranes each having an SWL of 900 MT, and a total lifting capacity of 1,800 MT in tandem.

UNI