Deals6 Dec 2025, 10:33 am
Cochin Shipyard Ltd Secures Significant Order from Svitzer for Four Advanced Electric Tugs
AI Summary
Cochin Shipyard Ltd (CSL) has signed shipbuilding contracts with Svitzer, Denmark for constructing four 26-metre fully electric ‘TRAnsverse’ tugs, with an option for up to four additional vessels. The delivery of the tugs is targeted to commence from late 2027. This order is classified as a Significant* order according to the Order Classification parameters of CSL. The association between CSL and Svitzer supports India’s ambition to become a global maritime manufacturing and skills hub under Maritime India Vision 2030, Maritime Amrit Kaal Vision 2047 and the ‘Make in India’ initiative.
Key Highlights
- CSL has signed a contract with Svitzer for building four 26-metre fully electric ‘TRAnsverse’ tugs with an option for up to four additional vessels.
- The delivery of the tugs is targeted to commence from late 2027.
- The order is classified as a Significant* order according to the Order Classification parameters of CSL.
- The collaboration supports India’s ambition to become a global maritime manufacturing and skills hub.
- No promoter/ promoter group/ group companies have any interest in the entity that awarded the order and it does not fall under the purview of related party transactions.