Cochin Shipyard Secures Contract for Electric Tugs with Svitzer
Filing Summary
Cochin Shipyard Ltd (CSL) has signed a contract with Svitzer, Denmark, to construct four 26-meter fully electric ‘TRAnsverse’ tugs. The agreement, finalized on December 5, 2025, includes an option for up to four additional vessels. The tugs, with a 70-ton bollard pull, will support Svitzer’s global fleet renewal. The order is classified as significant under CSL’s parameters. Delivery is set to begin in late 2027. This contract aligns with India’s Maritime Vision 2030 and the “Make in India” initiative.
Cochin Shipyard Ltd (CSL) has entered into a contract with Svitzer, Denmark, for the construction of four 26-meter fully electric ‘TRAnsverse’ tugs. The contract was signed on December 5, 2025. The agreement includes an option for up to four additional vessels.
The tugs, known as “TRAnsverse 2600E,” will have a 70-ton bollard pull and will be constructed according to Svitzer’s specifications. These vessels are part of Svitzer’s global fleet renewal plan, with delivery expected to commence from late 2027. The order is classified as significant based on CSL’s order classification parameters.
The contract does not involve any related party transactions, and none of the promoter or promoter group companies have any interest in the entity awarding the order.
Svitzer specializes in advanced and sustainable towage solutions. The collaboration with CSL is intended to enhance its operational capabilities worldwide.
Cochin Shipyard Ltd focuses on shipbuilding and ship repair services. The company is committed to supporting India’s maritime ambitions under the Maritime India Vision 2030 and the “Make in India” initiative.