Cochin Shipyard inks Svitzer deal for 4 fully electric TRAnsverse tugs

• Cochin Shipyard (CSL) signed a contract with Denmark's Svitzer for four fully electric 'TRAnsverse' tugs, with an option for four more.
• The agreement, finalized on December 5, formalizes a Letter of Intent signed on October 31, 2025.
• The 26-meter, 70-tonne bollard-pull vessels are expected to begin delivery in late 2027.
• CSL has classified the order as "Significant" based on its internal order-value criteria.
• The project supports India's national maritime manufacturing targets, including Maritime India Vision 2030 and Make in India.

Why It Matters: This deal boosts India's sustainable maritime manufacturing and global standing.