Knowledge Marine Signs Rs. 1,560 Crore MoUs at India Maritime Week
Filing Summary
Knowledge Marine & Engineering Works Ltd. (KMEW) announced the signing of multiple Memorandums of Understanding (MoUs) valued at Rs. 1,560 Crores during India Maritime Week 2025. The agreements involve collaborations with Mumbai Port Authority, V. O. Chidambaranar Port Authority, and Maharashtra Maritime Board. The MoUs cover services such as chartering, operation, and maintenance of various maritime vessels over a period of up to 15 years. These partnerships align with India’s national vision for a sustainable maritime sector. The event took place from October 27th to 31st, 2025, in Mumbai.
Knowledge Marine & Engineering Works Ltd. (KMEW) participated in India Maritime Week 2025, held from October 27th to 31st at the Bombay Exhibition Centre, Mumbai. During the event, KMEW signed multiple Memorandums of Understanding (MoUs) with the Mumbai Port Authority, V. O. Chidambaranar Port Authority, and Maharashtra Maritime Board. These agreements are valued at Rs. 1,560 Crores and involve various services in the maritime industry.
The MoUs signed by KMEW are valued at Rs. 1,560 Crores. These agreements include the provision of services such as chartering, manning, operation, maintenance, and complete technical management of maritime vessels. The financial terms cover a period of up to 15 years, demonstrating a significant long-term commitment to these projects.
The scope of the MoUs includes the management of six conventional harbour tugs for seven years and one GTTP compliance battery-operated harbour tug for 15 years. Additionally, the agreements involve the chartering and hiring of two dock tugs and two security patrol boats for seven years. The MoUs also facilitate the Maharashtra Maritime Board in extending support by providing shipbuilding and ship repairing facilities.
India Maritime Week 2025, anchored by the Ministry of Ports, Shipping and Waterways, serves as a platform for stakeholders in the maritime ecosystem. The event highlights India’s leadership in ports, shipping, logistics, and sustainable development. It brings together industry leaders, policymakers, technology innovators, and academia to foster partnerships and position India as a hub for maritime innovation and investment.
The implementation of these MoUs involves collaboration with Mumbai Port Authority, V. O. Chidambaranar Port Authority, and Maharashtra Maritime Board. The agreements cover a timeline of up to 15 years, with specific projects such as the operation of harbour tugs and security patrol boats.
Mumbai Port Authority is a key player in India’s maritime sector, focusing on port operations and development. It aims to enhance port infrastructure and services to support the country’s economic growth and maritime trade.
Knowledge Marine & Engineering Works Ltd., incorporated in 2015, operates in the marine crafts sector, providing services such as dredging, repair, and maintenance of marine crafts and infrastructure. The company offers marine engineering solutions, including dredging at ports, repair and refit services for naval and merchant ships, and technical solutions for vessel operations. Over the years, KMEW has evolved from a small ship-repair unit to a ship-owning company with a multi-million order book from esteemed clients.