Adani Ports orders 8 tugs with Cochin Shipyard for ₹450 crore

PTI Updated - December 27, 2024 at 06:34 PM.

Deliveries to start from December 2026

A view of Cochin Shipyard Ltd (File photo) | Photo Credit: THULASI KAKKAT

Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has placed a ₹450-crore order for eight tugs with Cochin Shipyard.

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In a statement, APSEZ said these tugs were expected to be delivered starting from December 2026 till May 2028, which would significantly improve the efficiency and safety of vessel operations in Indian ports.

"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," APSEZ Whole-time Director & CEO Ashwani Gupta said.

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 company said 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.

Published on December 27, 2024 11:02

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