October 31, 2025

Get ready for a maritime revolution right in India’s backyard! Cochin Shipyard Ltd (CSL), a famous shipbuilder, just signed a sizzling deal with Denmark’s Svitzer to build a new generation of electric TRAnsverse tugs – yes, the future is electric! This happened during the grand India Maritime Week in Mumbai, making the event even more memorable. Here’s the big scoop: Svitzer and CSL will join forces to create these smart, eco-friendly tugboats at CSL’s shipyard. These tugs aren’t just any boats; they bring the latest technology and are super kind to the environment. Madhu S Nair, Chairman and Managing Director of CSL, said, "We look forward to working closely with Svitzer to make plans for building the next-generation TRAnsverse tug in India." He also shared that this partnership will boost local talent and supply chains, pushing green and high-performance tugboats to Indian ports and worldwide. Why are these TRAnsverse tugs so special? They provide sharp, precise control in tight waters. This means safer and smoother operations with less energy and fewer emissions. Perfect for today’s world where going green is not just cool but necessary! Kasper Nilaus, CEO of Svitzer, added some spice by saying, "By pairing Svitzer’s nearly 200 years of towage experience with Indian engineering and manufacturing strength, we aim to deliver cleaner, safer and more efficient harbour operations for customers in India and around the world." So, what’s the impact? These shiny new electric tugs will renew Svitzer’s global fleet and help Indian ports step up their green game. And the stock market loves this news too – Cochin Shipyard Ltd shares were seen trading higher at Rs 1,788.10 on the Bombay Stock Exchange. In short, this is a win-win for technology, environment, and Indian maritime business. With CSL and Svitzer teaming up, the future of tugboats in India looks electric, efficient, and exciting!

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Tags: Cochin shipyard ltd, Svitzer, Electric tugboats, Green technology, Maritime, India maritime week,