New Delhi: Cochin Shipyard Limited (CSL), one of India’s leading shipbuilding companies, has signed a shipbuilding contract with Svitzer, a prominent Danish towage operator, for the construction of four fully electric 26-meter ‘TRAnsverse 2600E’ tugs. The agreement, which was finalized on December 5, 2025, includes an option to build up to four additional vessels, strengthening the long-term relationship between the two companies.
The electric tugs, designed to have a 70-ton bollard pull, will be built at CSL’s state-of-the-art facilities in Kochi, Kerala. These vessels are tailored to meet Svitzer’s specifications and will play a pivotal role in the company’s global fleet renewal program and its ongoing shift towards next-generation sustainable towage operations. The delivery of the first tug is expected to take place in late 2027, with subsequent deliveries planned thereafter.
Strengthening Global Towage Operations
The contract represents a significant step for CSL in its ambition to position itself as a key player in the global shipbuilding sector. The partnership combines Svitzer’s expertise in marine towing solutions with CSL’s advanced shipbuilding capabilities, skilled workforce, and innovation-driven approach. This collaboration is expected to further enhance CSL’s position in the green maritime solutions market, which is rapidly growing in line with global sustainability goals.
Svitzer, part of the Maersk Group, has long been at the forefront of advancing eco-friendly maritime technologies. The development of these fully electric tugs reflects its commitment to reducing carbon emissions in the towage sector while aligning with global environmental standards. The adoption of fully electric propulsion systems will enable Svitzer to significantly lower its operational emissions, paving the way for a more sustainable maritime future.
A Significant Step for India’s Maritime Vision
This contract also aligns with India’s Maritime India Vision 2030 and the Maritime Amrit Kaal Vision 2047, which aims to transform India into a global maritime manufacturing hub. Under the government’s “Make in India” initiative, this partnership is expected to contribute to the local shipbuilding industry, create jobs, and enhance India’s maritime manufacturing capabilities. The collaboration underscores India’s growing role in sustainable maritime technology and global shipbuilding innovation.
Contract Classification as “Significant”
Based on the value of the contract, CSL has classified this order as “Significant” under its internal order classification parameters. This designation highlights the strategic importance of the deal, both for CSL’s growth and for India’s maritime sector. The company confirmed that none of its promoters, promoter group entities, or group companies have any interest in the order-awarding entity, and the contract does not fall under related-party transactions.
About Cochin Shipyard Limited (CSL)
Cochin Shipyard Limited (CSL) is a leading public sector shipbuilding and maintenance company based in Kochi, Kerala. Established in 1972, CSL has grown into a prominent player in the global maritime sector, known for its expertise in shipbuilding, repairs, and offshore services. The company has consistently pioneered innovation in maritime solutions, with a strong focus on sustainability, advanced shipbuilding technologies, and green initiatives. CSL’s involvement in projects like the electric tugboats exemplifies its commitment to eco-friendly maritime solutions, enhancing India’s position as a growing maritime manufacturing hub.
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