GRSE Signs $54M Deal with German Firm for Cargo Vessels
24 Jun 2024
2 Min Read
CW Team
Garden Reach Shipbuilders and Engineers (GRSE) Ltd, a prominent defence public sector undertaking (PSU), has signed a significant agreement with Carsten Rehder Schiffsmakler und Reederei GmbH and Co. KG, a Germany-based shipping company. The deal, valued at approximately USD 54 million, entails the construction and delivery of four multi-purpose cargo vessels within 33 months, an official said.
The agreement, signed by Commodore Shantanu Bose (retd), director of shipbuilding at GRSE, and Carsten Thomas Rehder, managing director of the German shipping company, was witnessed by GRSE Chairman and Managing Director Commodore P R Hari (retd). The contract also includes an option to build an additional four vessels in the future.
The new vessels, each measuring 120 metres in length and 17 metres in width, are designed to carry 7,500 metric tonnes of cargo. They will feature a single cargo hold to accommodate bulk, general, and project cargoes, with provisions for carrying containers on hatch covers. Additionally, the ships are specially designed to transport large windmill blades on deck.
This latest contract highlights GRSE's ongoing efforts to expand its export footprint in the maritime sector. The Kolkata-based warship maker has previously delivered an offshore patrol vessel to Mauritius, a fast patrol vessel to Seychelles, and a passenger-cum-cargo ocean-going ferry to the Cooperative Republic of Guyana. Currently, GRSE is constructing six patrol boats and a dredger for Bangladesh.
The strategic partnership with Carsten Rehder underscores GRSE's commitment to enhancing its commercial shipbuilding capabilities while supporting international maritime logistics needs.
Garden Reach Shipbuilders and Engineers (GRSE) Ltd, a prominent defence public sector undertaking (PSU), has signed a significant agreement with Carsten Rehder Schiffsmakler und Reederei GmbH and Co. KG, a Germany-based shipping company. The deal, valued at approximately USD 54 million, entails the construction and delivery of four multi-purpose cargo vessels within 33 months, an official said.
The agreement, signed by Commodore Shantanu Bose (retd), director of shipbuilding at GRSE, and Carsten Thomas Rehder, managing director of the German shipping company, was witnessed by GRSE Chairman and Managing Director Commodore P R Hari (retd). The contract also includes an option to build an additional four vessels in the future.
The new vessels, each measuring 120 metres in length and 17 metres in width, are designed to carry 7,500 metric tonnes of cargo. They will feature a single cargo hold to accommodate bulk, general, and project cargoes, with provisions for carrying containers on hatch covers. Additionally, the ships are specially designed to transport large windmill blades on deck.
This latest contract highlights GRSE's ongoing efforts to expand its export footprint in the maritime sector. The Kolkata-based warship maker has previously delivered an offshore patrol vessel to Mauritius, a fast patrol vessel to Seychelles, and a passenger-cum-cargo ocean-going ferry to the Cooperative Republic of Guyana. Currently, GRSE is constructing six patrol boats and a dredger for Bangladesh.
The strategic partnership with Carsten Rehder underscores GRSE's commitment to enhancing its commercial shipbuilding capabilities while supporting international maritime logistics needs.
Next Story
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India’s Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..