Svitzer to Build Next-Generation Electric Tugs in India
Svitzer confirmed that it has entered into a shipbuilding order with India’s Cochin Shipyard to build at least four next-generation electric tugs. The shipyard labeled the financial value of the order as “significant,” while it is noted as a critical step in the “Made in India” maritime vision, which calls for the country to become a leading international shipbuilder. The companies had previously announced in October a letter of intent and now report the order has been finalized...
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