has signed shipbuilding contracts with Denmark-based Svitzer for the construction of advanced electric towing vessels, with the value ranging from Rs 250 crore to Rs 500 crore. The delivery of these tugs is targeted to commence from late 2027 and will be built according to Svitzer's specifications. The shipbuilder noted that the collaboration combines Svitzer's expertise in sustainable towage with

COCHINSHIP

shipbuilding capabilities. This large order will boost the company's revenue in the coming years.

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