APSEZ to procure 8 harbour tugs from Cochin Shipyard for ₹450 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) has placed an order to procure eight harbour tugs from Cochin Shipyard at a cost of ₹450 crore, the company stated in an official release Friday.

With a total contract value estimated at ₹450 crore, these tugs are expected to begin delivery in December 2026 and continue until May 2028, significantly improving the efficiency and safety of vessel operations in Indian ports, it added. Ashwani Gupta, Whole-time Director & CEO of APSEZ stated “This collaboration to procure from Cochin Shipyard Ltd signifies our commitment to enhancing maritime infrastructure in India and demonstrates our confidence in our nation’s PSUs. By leveraging local manufacturing capabilities, which are world-class, we aim to contribute to the ‘Make in India’ initiative while ensuring that our operations meet international standards of safety and efficiency.”

  • Read also:CCTV systems made mandatory on Indian-flagged merchant vessels and foreign flag vessels visiting Indian ports

This order for eight 70 tonne bollard pull tugs will increase Adani’s total fleet to 152, the company added.

Previously, APSEZ contracted the construction of two 62-tonne bollard pull ASD (Azimuthing Stern Drive) tugs to Cochin Shipyard Ltd for Ocean Sparkle Ltd, both of which were delivered ahead of schedule and deployed at Paradeep Port and New Mangalore Port. The construction of three additional ASD tugs is currently underway, bringing the total order to 13 tugs, aimed at providing a younger fleet for efficient and reliable services in the port sector.

Related Content

SMEs told to balance profit with sustainability

Peso may sink to P60 on Trump, Fed cut worries

Aboitiz Upgrade Solar, Republic Cement ink solar deal

Leave a Comment