The Indian Navy’s second fleet tanker, INS Shakti, was launched at a shipyard in Genoa, Italy.

The €300m ($417.6m) contract, which was signed in April 2008, includes two vessels to be built by Italian shipbuilder Fincantieri, according to Zee News.

INS Shakti is being built using modern shipbuilding methods and concepts including advanced outfitting, and is double-hulled for safety against accidental oil spillages.

The vessel will undergo sea trials in December 2010 and is expected to be delivered and commissioned in India in the middle of 2011.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

INS Deepak, the first of the two fleet tankers, is at an advanced stage of trials and is scheduled for delivery at the end of 2010.