New Delhi: Cochin Shipyard Limited (CSL), a leading Defence Public Sector Undertaking, has formally signed shipbuilding contracts with Danish towage giant Svitzer for the construction of four advanced, fully electric TRAnsverse tugs. The agreement, signed on December 5, 2025, follows an earlier Letter of Intent (LOI) and marks a significant milestone in India’s emergence as a global maritime manufacturing hub.
Four Electric Tugs, Option for Four More
Under the newly signed contracts, CSL will construct four 26-metre TRAnsverse 2600E tugs, each designed to deliver 70-ton bollard pull using fully electric propulsion technology. The contract also includes an option for Svitzer to order up to four additional vessels, indicating strong confidence in CSL’s technical capabilities and capacity.
These vessels will be built according to Svitzer’s global specifications, supporting the company’s worldwide fleet renewal programme and its commitment to sustainable maritime operations.
Delivery to Begin in Late 2027
The construction timeline is set so that delivery of the tugs will commence from late 2027. CSL has classified the deal as a ‘significant order’ as per its internal order classification system, highlighting the scale and importance of the project.
Boost to India’s Maritime Vision
The collaboration between CSL and Svitzer aligns with India’s long-term maritime growth strategies, including:
- Maritime India Vision 2030
- Maritime Amrit Kaal Vision 2047
- Make in India initiative
The partnership blends Svitzer’s global expertise in sustainable towage solutions with CSL’s proven track record, advanced shipbuilding infrastructure, skilled workforce, and innovation capabilities. It is expected to further strengthen India’s position as a preferred global destination for high-end shipbuilding.
Market Response
On the day of the announcement, Cochin Shipyard’s shares closed at ₹1,644.30, up 0.24% on the BSE—reflecting positive investor sentiment towards the shipyard’s growing international order book and technological advancements.
About Cochin Shipyard Limited (CSL)
Cochin Shipyard Limited, headquartered in Kochi, Kerala, is India’s largest shipbuilding and maintenance facility. The company builds a wide range of vessels, including tankers, passenger ships, naval vessels, specialized commercial ships, and green-technology vessels. CSL is also recognized for its ship repair capabilities and has emerged as a key contributor to India’s maritime ambitions through innovation, sustainability, and export-oriented projects.
