Svitzer and Cochin Shipyard Ltd. sign Letter of Intent to advance electric TRAnsverse tugs manufacturing in India
Globenewswire·2025-10-31 23:01
SVITZER Barrington Svitzer Barrington operating in Australia Svitzer Taurus Svitzer Taurus, Amsterdam Svitzer today announced the signing of a landmark Letter of Intent (LoI) with Cochin Shipyard Limited (CSL) to construct a new generation of electric TRAnsverse tugs in India. The agreement marks a clear step forward in Svitzer’s electrification roadmap and in strengthening India’s role as a global maritime manufacturing hub. Under the LoI, Svitzer and CSL will collaborate on plans to build electric ...