Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited (HMPL), has signed an agreement with Damen Technical Cooperation BV to develop its shipyard in Dabhol (Ratnagiri), Maharashtra.

The partnership aims to enhance the shipyard’s capabilities to design, build, repair, and maintain ships for both domestic and international clients. Damen Technical Cooperation BV is a part of the Netherlands-based Damen Shipyards Group NV, known globally for its shipbuilding expertise and advanced maritime solutions.

Company officials described the tie-up as a significant milestone towards transforming Square Port Shipyard into a one-stop destination for shipbuilding and maritime services in India.

The shipyard already offers a broad range of associated maritime services. The collaboration will not only improve technical capacity but also contribute to local employment and industrial growth in the region.

This development aligns with India's broader push to strengthen its maritime infrastructure and become a global hub for sustainable shipbuilding and marine services.

Source: Maritime News

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