Adani, Cochin Shipyard tie-up to build green tugs
ECONOMY & POLICY

Adani, Cochin Shipyard tie-up to build green tugs

Cochin Shipyard has signed a memorandum of understanding with Adani Group for constructing green tugs after delivering the first of the two tugs ordered by Ocean Sparkle, now owned by Adani Harbour Services. This is the first tug to be built in India under the Approved Standard Tug Design Specifications (ASTDS) issued by the Ministry of Ports, Shipping, and Waterways (MoPSW) for promoting the shipbuilding industry under the Atmanirbhar Bharat initiative.

The 62-tonne bollard pull Azimuth Stern Drive (ASD) tugs, designed by Canada?s Robert Allan Ltd, a top global tug designer, are primarily intended for harbour towing and ship assist in Indian ports with firefighting and coastal towing as secondary roles.

Ocean Sparkle ordered two 62-tonne bollard pull tugs at Udupi-Cochin Shipyard, a unit of Cochin Shipyard Ltd, after the Ministry issued standard operating procedures in 2020 for charter/procurement of tugs by state-owned major ports under the Atmanirbhar Bharat initiative.

In April 2022, Adani Harbour Services acquired Ocean Sparkle at an enterprise value of Rs1,700 crore, helping it become the country?s top marine services operator (a key part of port operations). The combined entity now runs about 100 tugs.

Cochin Shipyard has signed a memorandum of understanding with Adani Group for constructing green tugs after delivering the first of the two tugs ordered by Ocean Sparkle, now owned by Adani Harbour Services. This is the first tug to be built in India under the Approved Standard Tug Design Specifications (ASTDS) issued by the Ministry of Ports, Shipping, and Waterways (MoPSW) for promoting the shipbuilding industry under the Atmanirbhar Bharat initiative. The 62-tonne bollard pull Azimuth Stern Drive (ASD) tugs, designed by Canada?s Robert Allan Ltd, a top global tug designer, are primarily intended for harbour towing and ship assist in Indian ports with firefighting and coastal towing as secondary roles. Ocean Sparkle ordered two 62-tonne bollard pull tugs at Udupi-Cochin Shipyard, a unit of Cochin Shipyard Ltd, after the Ministry issued standard operating procedures in 2020 for charter/procurement of tugs by state-owned major ports under the Atmanirbhar Bharat initiative. In April 2022, Adani Harbour Services acquired Ocean Sparkle at an enterprise value of Rs1,700 crore, helping it become the country?s top marine services operator (a key part of port operations). The combined entity now runs about 100 tugs.

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?