Government will extend all support to activities of Kerala Shipping and Inland Navigation Corporation: CM

He was speaking after inaugurating the operations of Poseidon Oil Tanker Barge and Lakshmi Acid Barge built by KSINC.“Today, two barges are ready for operation, aimed at supplying fuel to ships anchored in the offshore and transporting fuel by water to industrial establishments.

I congratulate those who took part in the construction process and worked hard for it. The government will extend all support to the activities of the Kerala Shipping and Inland Navigation Corporation (KSINC),” the CM said.

Poseidon is a 1400 MT capacity oil tanker barge built at Vijay Marine Shipyard of Goa with a government contribution of Rs 12.32 crore and company’s own funds of Rs 3.02 crore.

“It is a commendable achievement to have completed the construction, carried out inspections and made it operational within the stipulated time,” he said.

Lakshmi is a 300 MT capacity acid barge built at KSINC’s own yard at Thoppumpadi with a government allocation of Rs 3 crore and company’s own funds of Rs 1.50 crore to safely supply acid to industries.

In the first phase, water-based acid supply will be done to The FertilisersAnd Chemicals Travancore Limited (FACT). Then the distribution will be extended to other places.

This is not the first time that KSINC is undertaking such construction work. It has also gained attention in the past by building various barges, solar boats etc.“The government is providing all necessary support to the corporation. It will continue. The corporation, which was running at a loss, made a good profit in the last financial year,” the CM added.

The Chief Minister also wished KSINC to make further progress.