Mazagon Dock Shipbuilders Ltd has signed a contract valued at approximately USD 39 million with Shipping Corporation of India (SCI) for the construction of a 3000 DWT methanol dual-fuel platform supply vessel (PSV). The deal marks a significant step in advancing India’s green shipping initiatives.
The agreement highlights Mazagon Dock’s growing role in sustainable shipbuilding and SCI’s commitment to adopting cleaner fuel technologies. The methanol dual-fuel PSV is expected to reduce emissions and enhance operational efficiency, aligning with global maritime decarbonization goals.
Contract Details
The contract involves the design and construction of a 3000 DWT methanol dual-fuel PSV, a vessel type crucial for offshore operations. The adoption of methanol as a fuel underscores the industry’s shift toward eco-friendly alternatives.
Strategic Significance
This collaboration strengthens India’s shipbuilding capabilities while supporting SCI’s fleet modernization. It also positions Mazagon Dock as a key contributor to the country’s maritime sustainability roadmap.
Key Highlights
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Mazagon Dock signs USD 39 million contract with SCI
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Project involves 3000 DWT methanol dual-fuel PSV
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Vessel to support offshore operations with reduced emissions
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Collaboration aligns with India’s green shipping and sustainability goals
Sources: Company announcement, regulatory filings