Deals28 Jun 2025, 09:41 pm
Cochin Shipyard Secures Order for Two 70 T Bollard Pull Tugs from Polestar Maritime
AI Summary
Cochin Shipyard Limited (CSL) has been awarded an order from Polestar Maritime Limited for the construction of two 70 T Bollard Pull Tugs. The tugs are scheduled for delivery in May 2027 and September 2027. The order is not related to any promoter or promoter group and does not fall under related party transactions. The tugs will be built to the designs of Robert Allan Limited and will be jointly constructed by CSL and Udupi-CSL under a work-share agreement in CSL’s yard in Cochin. CSL has already delivered 4 tugs under the Make in India Initiative program and with this contract, the present order book includes 18 tugs and 2 green tugs.
Key Highlights
- Cochin Shipyard Limited has secured an order from Polestar Maritime Limited for the construction of two 70 T Bollard Pull Tugs.
- The tugs are scheduled for delivery in May 2027 and September 2027.
- The order is not related to any promoter or promoter group and does not fall under related party transactions.
- The tugs will be built to the designs of Robert Allan Limited and will be jointly constructed by CSL and Udupi-CSL under a work-share agreement in CSL’s yard in Cochin.
- CSL has already delivered 4 tugs under the Make in India Initiative program and with this contract, the present order book includes 18 tugs and 2 green tugs.