What kind of tugs is Cochin Shipyard building for Svitzer?

Cochin Shipyard is building four fully electric 'TRAnsverse 2600E' tugs for Svitzer.

When will Svitzer receive the electric tugs from Cochin Shipyard?

Deliveries of the electric tugs are expected to begin from late 2027.

How does this deal benefit India's maritime sector?

The contract supports India's 'Make in India' and Maritime India Vision initiatives, boosting its global maritime manufacturing profile.

Home / Business and Economy / Cochin Shipyard Powers Up with Electric Tugs Deal

Cochin Shipyard Powers Up with Electric Tugs Deal

6 Dec

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Summary

Cochin Shipyard signed contracts for four electric tugs with Denmark's Svitzer.
The 26-meter tugs feature 70-ton bollard pull and deliveries begin late 2027.
The deal supports India's Maritime India Vision and Make in India initiatives.

Cochin Shipyard Powers Up with Electric Tugs Deal

Cochin Shipyard Limited has finalized a substantial international agreement with Denmark's Svitzer for the construction of four state-of-the-art, fully electric tugs. This significant deal, which includes an option for four additional vessels, was officially signed on December 5th, building upon a prior Letter of Intent. The 26-meter long tugs, engineered for high performance with a 70-ton bollard pull, will be manufactured at CSL's facilities according to Svitzer's global fleet renewal standards, with initial deliveries anticipated by the end of 2027.

This strategic collaboration merges Svitzer's extensive experience in sustainable maritime operations with Cochin Shipyard's renowned shipbuilding capabilities and commitment to local innovation. The project's valuation places it within CSL's 'Significant' order category, estimated to be between Rs 250 and Rs 500 crore. The shipyard confirmed that the contract does not involve related-party transactions, reinforcing its commitment to transparent business practices.