GRSE Signs $54 Million Deal with German Firm for Four Cargo Vessels

GRSE signs a $54 million deal with a German firm to build four cargo vessels, with an option for four more in the future.

Kolkata, India On Saturday, Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd, a prominent shipbuilding company, signed an agreement with Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH and Co. KG for the construction and delivery of four multi-purpose cargo vessels. The contract, valued at approximately $54 million, is slated for completion within 33 months.

The official statement from GRSE revealed that there is an option to build an additional four vessels in the future. Each vessel will measure 120 meters in length and 17 meters in width, capable of carrying 7,500 metric tonnes of cargo. The ships will feature a single cargo hold to accommodate bulk, general, and project cargoes, with containers transported on hatch covers. Notably, these vessels are specifically designed to carry multiple large windmill blades on deck.

GRSE has been actively expanding its footprint in the maritime and commercial vessel markets. Apart from this new contract, the company has recently delivered several notable projects, including an offshore patrol vessel to Mauritius, a fast patrol vessel to Seychelles, and a passenger-cum-cargo ocean-going ferry to the Cooperative Republic of Guyana. Additionally, GRSE is currently constructing six patrol boats and a dredger for Bangladesh.

The agreement was signed by Commodore Shantanu Bose (retd), Director (Shipbuilding) for GRSE, and Carsten Thomas Rehder, Managing Director for the German shipping company. The event also featured GRSE's Chairman and Managing Director, Commodore P R Hari (retd).