Did Indian Maritime Firms Secure Shipbuilding Orders at Oslo Meet?
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Synopsis
At the recent Nor-Shipping event in Oslo, Indian maritime firms clinched significant shipbuilding orders and fostered collaborations with global leaders. This marks a pivotal moment in India's maritime sector as it aims for sustainable growth and innovation.
Key Takeaways
- Indian maritime companies secure significant shipbuilding orders.
- MoUs signed with global leaders for collaboration.
- Focus on sustainable development and green shipping.
- Enhancements in port infrastructure are underway.
- Collaboration in offshore wind energy and digitalisation is promising.
Oslo, June 5 (NationPress) Indian maritime enterprises successfully secured shipbuilding orders and established partnerships through MoUs with prominent global firms during the Nor-Shipping event taking place here.
A Memorandum of Intent (MOI) was formalized between Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG from Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the creation of an additional four 7,500 DWT multi-purpose vessels. These vessels will feature hybrid propulsion and comply with the latest cybersecurity standards. This development adds to an existing order for eight similar vessels currently in production at GRSE’s facility in Kolkata. Furthermore, GRSE has signed MoUs with Aries Marine LLC from the UAE for collaboration on offshore platforms and vessels, along with an agreement with a global engine manufacturer.
Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, attended the MoU signing ceremonies.
During the Union Minister’s visit to the Norway pavilion, an MoU was also finalized between Larsen & Toubro (L&T) Group from India and DNV of Norway that encompasses various collaborative ventures, including shipbuilding, offshore and maritime technology, and enhancing port infrastructure, energy systems, industrial solutions, sustainability, and more.
In his remarks on this occasion, Sonowal stated: "Norway has historically been a valuable partner for India. Our lasting partnership is founded on shared values and a commitment to sustainable development. It brings me great joy to see numerous Indian companies signing MoUs, including with Norwegian firms, thereby strengthening our collaborative efforts in the maritime domain."
"Our governments are also collaborating on green shipping corridors, decarbonisation initiatives, ship recycling, and capacity building. The India-Norway Task Force on Blue Economy serves as a cornerstone of this engagement. Under the visionary leadership of Prime Minister Narendra Modi, India’s maritime sector is undergoing a significant transformation. Through flagship initiatives like Sagarmala, we are modernizing port infrastructure, enhancing multimodal logistics, and enabling port-led industrial growth. A crucial aspect of this vision is the establishment of Green Ports and the advancement of low-emission, energy-efficient shipping options. The future holds immense potential for collaboration in offshore wind energy, maritime digitalisation, and sustainable port development. Together, we can explore not just bilateral opportunities but also contribute significantly to a sustainable and secure Indo-Pacific maritime ecosystem."
The Union Minister is leading a business delegation comprising key maritime companies, including L&T Shipbuilding, Yeoman Marine Services, Smart Engineering & Design Solutions (SEDS), Chowgule Shipbuilding Division, Goa Shipyard Ltd, 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.
Point of View
I view this development as a significant stride for India in the maritime sector. The partnerships formed at the Nor-Shipping event reflect a growing commitment to sustainable practices and innovation. These initiatives not only promise economic growth but also underscore India's position as a key player in the global maritime landscape.
NationPress
09/06/2025
Frequently Asked Questions
What is the significance of the Nor-Shipping event for Indian maritime companies?
The Nor-Shipping event provides a platform for Indian maritime companies to showcase their capabilities, secure new shipbuilding orders, and establish international partnerships, enhancing their global presence.
What types of vessels are Indian firms focusing on building?
Indian firms are focusing on building multi-purpose vessels with hybrid propulsion systems that adhere to modern cybersecurity standards.
How does the India-Norway Task Force contribute to maritime collaboration?
The India-Norway Task Force facilitates cooperation on various maritime issues, including green shipping corridors and sustainable development initiatives.
What role does the Indian government play in supporting maritime initiatives?
The Indian government supports maritime initiatives through policies aimed at modernizing port infrastructure and promoting sustainable shipping practices.
Which Indian companies are part of the business delegation at the event?
The delegation includes notable companies such as L&T Shipbuilding, Goa Shipyard Ltd, and Garden Reach Shipbuilders & Engineers.
