Cochin Shipyard Ltd. on Friday, October 31, said, it has inked a Letter of Intent (LoI) with Svitzer in Denmark to construct a new generation of electric TRAnsverse tugs.

The two companies signed the LoI during the India Maritime Week 2025 on October 30, 2025, which was organised by he Ministry of Ports, Shipping and Waterways in Mumbai.

As per the LoI, Svitzer and Cochin Shipyard will collaborate on plans to build electrical TRAnsverse tugboats at the latter's yard facilities in India. This signals Svitzer's long-term intent to Make in India and to bring to market one of the most advanced and environmentally-progressive tug designs to support India's green port and green towage ambitions, Cochin Shipyard said.

TRAnsverse tugs are known for their exceptional manoeuvrability and efficie

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