Mumbai: In a landmark move for India’s maritime sector, Mazagon Dock Shipbuilders Limited has signed a contract with Shipping Corporation of India for the construction of a 3000 DWT Methanol Dual-Fuel Platform Supply Vessel (PSV).
Valued at approximately USD 39 million (~₹320 crore), the project marks a significant step toward green shipping and sustainable maritime operations in India.
A Major Boost to Green Shipping in India
The vessel will operate on methanol as an alternative fuel, reducing dependence on conventional marine fuels and significantly lowering carbon emissions. The initiative aligns with India’s National Green Hydrogen Mission (NGHM) and broader climate goals.
This will be the first methanol dual-fuel PSV in SCI’s fleet, highlighting a shift toward environmentally friendly maritime technologies.
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Key Highlights of the Project
- Parties Involved: Mazagon Dock Shipbuilders Ltd. (MDL) & Shipping Corporation of India (SCI)
- Vessel Type: 3000 DWT Methanol Dual-Fuel Platform Supply Vessel
- Contract Value: USD 39 million
- Objective: Promote green shipping and sustainable fuel adoption
- Significance: First vessel of its kind in SCI’s fleet
The construction and delivery timeline will follow a mutually agreed schedule between both organizations.
Strategic Importance for Maritime Sector
This contract represents a major milestone in India’s shipping industry by introducing clean fuel technology in commercial vessels. The dual-fuel system enhances operational flexibility while reducing environmental impact.
It also positions MDL as a leader in green shipbuilding, demonstrating its capability to deliver innovative and sustainable maritime solutions at a global level.
The collaboration further strengthens India’s push for Atmanirbhar Bharat, promoting indigenous manufacturing and reducing reliance on foreign technologies in shipbuilding.
Advanced Technology and Vessel Capabilities
The Platform Supply Vessel (PSV) is designed to transport supplies, equipment, and personnel to offshore installations, making it critical for offshore oil and gas operations.
Key technical features include:
- 3000 DWT (Deadweight Tonnage) capacity
- Methanol dual-fuel propulsion system
- Advanced operational and safety capabilities
This vessel reflects the global shift toward sustainable and energy-efficient maritime solutions.
Regulatory Compliance and Disclosure
MDL disclosed the contract under Regulation 30 of SEBI (LODR) Regulations, 2015, citing its material significance. While the deal falls under the company’s normal business operations, its scale and strategic importance warranted public disclosure.
Strengthening India’s Maritime Ecosystem
The agreement reinforces collaboration between two major Indian maritime entities, boosting domestic shipbuilding capabilities and contributing to the growth of India’s maritime infrastructure.
It also signals strong confidence in India’s ability to deliver world-class, sustainable shipping solutions, supporting long-term economic and environmental goals.
About Mazagon Dock Shipbuilders Limited (MDL)
Mazagon Dock Shipbuilders Limited (MDL) is a leading Government of India undertaking based in Mumbai, specializing in naval and commercial shipbuilding. Known for its expertise in building warships and submarines, MDL plays a crucial role in strengthening India’s defense and maritime capabilities, while increasingly focusing on green and innovative shipbuilding technologies.
About Shipping Corporation of India (SCI)
Shipping Corporation of India (SCI) is India’s premier state-owned shipping company, operating a diverse fleet that supports bulk cargo, tanker services, and offshore operations. SCI plays a vital role in India’s maritime trade and is actively adopting sustainable and energy-efficient technologies to modernize its fleet.
