Svitzer and Cochin Shipyard Ltd. sign Letter of Intent to advance electric TRAnsverse tugs manufacturing in India
SVITZER Barrington Svitzer Barrington operating in Australia Svitzer today announced the signing of a landmark Letter of Intent (LoI) with Cochin Shipyard Limited (CSL) 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 CSL will collaborate on plans to build electrical TRAnsverse tugboats at CSL’s yard facilities in India — signaling Svitzer’s long-term intent to Make in India and to bring to market one of the most advanced and environmentally progressive