Garware Offshore - Updates

Garware Offshore Services Ltd has informed BSE that the Company's subsidiary, Garware Offshore International Services Pte. Ltd (GOISPL), has signed a contract for the acquisition of one construction work barge for delivery in July, 2009.

Upon completion of formalities, the said barge, which will not be owned by GOISPL, will be bareboat chartered to it for a period of upto 10 years on delivery.