Svitzer Inks Deal with Cochin Shipyard to Build TRAnsverse Tugs in India

Svitzer has signed a Letter of Intent (LoI) with Cochin Shipyard 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 Cochin Shipyard will collaborate on plans to build electrical TRAnsverse tugboats at Cochin Shipyard yard facilities in India.

The collaboration will combine Svitzer’s global expertise in sustainable towage with CSL’s excellent shipbuilding capability and the wider strengths of India’s engineering talent, supply chains and innovation ecosystem.

The TRAnsverse tugs are intended for Svitzer’s global fleet renewal and growth markets.

“With this LoI we are taking a decisive step on our electrification journey. India’s shipbuilding ecosystem and Cochin Shipyard’s proven track record make Cochin a great place to further develop and build the TRAnsverse,” said Kasper Nilaus, CEO, Svitzer.

“We look forward to working closely with Svitzer to make plans for building the next generation TRAnsverse tug in India. This collaboration will showcase Cochin Shipyard’s world class capabilities, deepen local supply chains and talent, and accelerate the availability of green, high-performance tugboats for ports at home and abroad,” added Madhu S Nair, Chairman and Managing Director, Cochin Shipyard.