MoU10 Apr 2025, 03:42 am
Hazoor Multi Projects Subsidiary, Square Port Shipyard, Signs MoU with Damen Technical Cooperation B.V.
AI Summary
Square Port Shipyard Private Limited, a subsidiary company of M/s Hazoor Multi Projects Limited, has signed a Memorandum of Understanding (MoU) with Damen Technical Cooperation B.V. Damen will help Square Port develop an efficient, profitable and sustainable shipyard for building Damen portfolio of ships for India and for export. This tie-up will provide Square Port access to latest ship building technology and processes, giving them a competitive advantage and helping address capacity constraints in the Indian ship building and repair industry.
Key Highlights
- Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited, signs MoU with Damen Technical Cooperation B.V.
- Damen to help Square Port develop an efficient, profitable and sustainable shipyard.
- Access to latest ship building technology and processes for Square Port.
- Addressing capacity constraints in the Indian ship building and repair industry.
- Damen widely known for design and construction of ships, ship components, ship repair and conversion and ship maintenance.