Indian maritime companies signed shipbuilding and technology collaboration agreements at the Nor-Shipping conference in Oslo, as part of a government-led push to boost global partnerships in the sector, according to an official statement released on Thursday.One of the key agreements includes a memorandum of intent signed between Germany’s Carsten Rehder Schiffsmakler und Rehder GmbH & Co KG and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of four multi-purpose vessels. The ships will feature hybrid propulsion systems and comply with advanced cybersecurity standards, the statement said, as reported PTI.In a separate development, Larsen & Toubro (L&T) signed a wide-ranging partnership with Norway’s DNV. The collaboration covers shipbuilding, offshore and maritime projects, expansion of port infrastructure, energy systems, industrial and smart infrastructure, ESG compliance, cybersecurity, risk services and digital platforms.The deals were signed during the official visit of Union minister for Ports, Shipping and Waterways Sarbananda Sonowal to the Norway pavilion. Since June 2, Sonowal has been on a five-day trip to Norway and Denmark, leading a business delegation of Indian maritime firms.Companies in the delegation include L&T Shipbuilding, Yeoman Marine Services, Smart Engineering & Design Solutions (SEDS), Chowgule Shipbuilding Division, Goa Shipyard Limited, Mandovi Dockyards, Synergy Shipbuilders, Varya Tech Pvt Ltd, Marine Electricals, Buoyancy Consultants, Shoft Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), Cochin Shipyard Ltd (CSL), and Swan Defence & Heavy Industries.
Trending
- Over a dozen companies line up IPOs in 3-6 months
- Auto companies seek govt help for magnet imports
- China tightens supply: India’s auto industry seeks govt help on rare earth magnet imports; key EV parts impacted
- Mohandas Pai flags lack of domestic capital for Indian startups; urges policy overhaul; calls for stronger R&D support
- Trump-Musk rift rattles Wall Street; Tesla share slide exposes market fragility; major indexes take a hit
- Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads
- Delhi infrastructure project: Centre approves Rs 24,000-crore plan to decongest Delhi; Tunnel to link Mahipalpur to Vasant Kunj
- Tata Steel new plant: $1.5-billion electric arc furnace facility to come up at Port Talbot; UK government gives 500 million pounds
- RBI repo cut effect: HDFC slashes lending rates by 10 bps; new rates already in effect
- Jamie Dimon-led JPMorgan issues stern warning! Job hopping analysts to be fired; ‘if you accept a position with..’