Joint Venture31 Oct 2025, 11:30 am
Cochin Shipyard Ltd. and Svitzer Sign LOI for Electric TRAnsverse Tugs Manufacturing in India
AI Summary
Cochin Shipyard Ltd. (CSL) has signed a Letter of Intent (LOI) with Svitzer, Denmark to construct new generation of electric TRAnsverse tugs in CSL. The LOI was signed during the India Maritime Week 2025 in Mumbai. This move is a significant step towards decarbonising towage and advancing India’s maritime industry toward a low carbon future, aligning with the Government of India’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. The partnership aims to bring to market one of the most advanced and environmentally progressive tug designs, leveraging Svitzer’s global expertise in sustainable towage and CSL’s excellent shipbuilding capability.
Key Highlights
- CSL and Svitzer sign LOI for electric TRAnsverse tugs manufacturing in India.
- Aim to decarbonise towage and advance India’s maritime industry towards a low carbon future.
- Partnership combines Svitzer’s global expertise in sustainable towage with CSL’s shipbuilding capability.
- TRAnsverse tugs known for exceptional manoeuvrability, efficiency, and safety.
- Partnership to deliver cleaner, safer, and more efficient harbour operations for customers in India and around the world.