Svitzer and Cochin Shipyard Ltd. sign Letter of Intent to advance electric TRAnsverse tugs manufacturing in India

Core Viewpoint - Svitzer has signed a Letter of Intent with Cochin Shipyard Limited to construct electric TRAnsverse tugs in India, marking a significant step in Svitzer's electrification strategy and enhancing India's position in global maritime manufacturing [1][4]. Group 1: Collaboration and Expertise - The partnership will leverage Svitzer's global expertise in sustainable towage and CSL's shipbuilding capabilities, along with India's engineering talent and innovation ecosystem [2]. - The TRAnsverse tug design is central to this collaboration, known for its exceptional maneuverability and efficiency, which enhances safety and operational performance while reducing energy consumption and emissions [2]. Group 2: Market and Operational Impact - These electric tugs are intended for Svitzer's global fleet renewal and will also be deployed in Indian port operations, showcasing a locally built, world-class design [3]. - The collaboration aims to decarbonize towage and advance India's maritime industry towards a low-carbon future, enhancing the sustainability of port operations [4]. Group 3: Strategic Alignment - Svitzer's CEO emphasized the alignment with the Government of India's Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, aiming to deliver cleaner and more efficient harbor operations [5]. - The Chairman of Cochin Shipyard Limited expressed optimism about showcasing CSL's capabilities and accelerating the availability of green, high-performance tugboats for both domestic and international ports [6].