State-run Garden Reach Shipbuilders & Engineers (GRSE) has been awarded a significant contract worth USD 54 million from Carsten Rehder Schiffsmakler and Reederei GmbH & Co. Under this contract, GRSE will design, build, and deliver four multi-purpose vessels, each with a deadweight tonnage (DWT) of 7,500.
The agreement also includes an option for an additional four vessels, potentially doubling the contract’s total value to USD 108 million. The vessels are expected to meet diverse operational requirements, enhancing logistical capabilities for their intended maritime applications.
The entire project is scheduled for completion within 33 months from the contract’s signing date, showcasing GRSE’s capability to deliver complex maritime solutions within a stipulated timeline. This deal not only bolsters GRSE’s position in the international maritime industry but also underscores its commitment to advancing its shipbuilding technology and expanding its global footprint.
