GRSE Signs $54M Deal with German Firm for Cargo Vessels
ECONOMY & POLICY

GRSE Signs $54M Deal with German Firm for Cargo Vessels

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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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
Infrastructure Energy

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India...

Next Story
Infrastructure Energy

90% Defaulters Yet to Settle Rs 3.17 Bn Power Dues in Noida

Out of a total of 1.31 lakh defaulters in Noida, only 13,500 consumers availed of the one-time settlement (OTS) scheme during its first phase. The Uttar Pradesh Power Corporation (UPPCL) launched the scheme in three phases, from December 15, 2024, to January 31, 2025. These consumers cleared dues amounting to Rs 300.40 million out of a total Rs 3.47 billion owed. Officials emphasized that stricter enforcement of the scheme would be implemented in the coming phases. During a recent weekend meeting with the technical team of the power department, the Noida zone's chief engineer instructed that..

Next Story
Infrastructure Energy

NER Invites Bids for 10 MW Rooftop Solar Projects in Uttar Pradesh

The Varanasi division (electrical) of Northeastern Railway has recently issued four tenders for a total of 10.4 MW on-grid rooftop solar systems to be installed at various buildings in Gorakhpur, Uttar Pradesh. The tenders include different project capacities, with submission deadlines set between January 31 and February 3, 2025. Bidders are required to submit earnest money deposits (EMDs) ranging from Rs 0.89 million to Rs 1.2 million depending on the tender, with the expected project costs varying between Rs 148 million and Rs 174.08 million. The selected contractors will be tasked with sup..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000