New Delhi: Defence PSU, Cochin Shipyard Ltd has announced the exchanges that with respect to signing of Letter of Intent (LOI) with Svitzer, Denmark for constructing advance electric ‘TRAnsverse’ tugs in CSL, the company has signed shipbuilding contracts with Svitzer on December 05, 2025, for building four 26-metre fully electric ‘TRAnsverse’ (“TRAnsverse 2600E”) 70 Ton bollard pull tugs in CSL, with an option for up to four additional vessels.

The tugs will be constructed according to Svitzer’s specifications to support its global fleet renewal plan and advancement in operations worldwide, according to the exchange filing.

The delivery of the tugs is targeted to commence from late 2027. On the basis of the contract value, this order is classified as a significant order according to the

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