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Home > All news > Shipping > Cochin Shipyard and Adani Group sign MoU for building green tugs

Cochin Shipyard and Adani Group sign MoU for building green tugs

December 3, 2023
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Cochin Shipyard and Adani Group sign MoU for building green tugs

KOCHI : State-run Cochin Shipyard Ltd said it has signed a memorandum of understanding with the Adani Group for constructing green tugs after delivering the first of the two tugs ordered by Ocean Sparkle Ltd, now owned by Adani Harbour Services Ltd.

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-ton 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-ton bollard pull tugs at Udupi-Cochin Shipyard Ltd, 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.

Adani Harbour Services is a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator.

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