Cochin Shipyard Ltd announced it has secured a significant order from Polestar Maritime Limited to build two eco-friendly “green tugs.” The contract, valued between ₹1 billion and ₹2.5 billion, highlights the shipyard’s growing role in sustainable maritime solutions and strengthens its order pipeline.
Cochin Shipyard Ltd (CSL), India’s largest public sector shipbuilding and maintenance facility, has announced a notable order from Polestar Maritime Limited to construct two state-of-the-art green tugs, valued between ₹1 billion and ₹2.5 billion.
Key Highlights
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Contract Value: The order is estimated in the range of ₹1-2.5 billion, reinforcing CSL’s strong order book.
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Green Technology: The tugs will be equipped with eco-friendly propulsion systems, aligning with global sustainability goals and India’s push for greener maritime operations.
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Strategic Partnership: This deal strengthens CSL’s relationship with Polestar Maritime, a key player in coastal and port logistics.
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Sectoral Impact: The order underscores rising demand for green vessels as ports and shipping companies transition toward low-emission operations.
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Growth Outlook: With this win, CSL continues to diversify its portfolio, positioning itself as a leader in sustainable shipbuilding solutions.
The project highlights Cochin Shipyard’s ability to deliver advanced, environmentally conscious vessels, reinforcing its reputation as a trusted partner in India’s maritime modernization drive.
Sources: Reuters, Economic Times, Business Standard