Garden Reach Inks Deals To Expand Shipbuilding, Offshore Platform Ambitions

Garden Reach Shipbuilders and Engineers Ltd said it has signed a memorandum of intent with Germany-based Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG to build four follow-on 7,500 DWT multipurpose vessels. These will extend the ongoing series of eight vessels under construction at its Kolkata shipyard, the company said in an exchange filing.

The new vessels will feature hybrid propulsion systems and adhere to the latest cybersecurity norms. The final contract is expected to be signed by August 31.

The company also signed a memorandum of understanding with Dubai-based Aries Marine, an engineering and design firm, to collaborate on offshore platform and vessel construction. Under the MoU, Aries will provide platform designs, while Garden Reach will focus on execution and order development.

Additionally, Garden Reach has signed another MoU with a global engine manufacturer, it said, without naming the company