Singapore Signs MoU With India’s Largest Shipbuilder To Boost Offshore Sector In Asia

Seatrium Offshore Technology Pte Ltd (SOT) headquartered in Singapore has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), India’s largest shipbuilding and maintenance facility, to strengthen cooperation in the offshore sector across Asia.

The partnership will combine SOT’s engineering expertise, specialised offshore equipment, and integrated solutions with CSL’s infrastructure, fabrication capabilities, and ship repair skills.

The collaboration will initially focus on Maintenance, Repair, and Overhaul (MRO) projects for clients in Asia, with plans to expand into other offshore markets in the region.

The MoU, signed virtually on Thursday, marks a significant step in offshore engineering cooperation between Singapore and India. Under the agreement, both companies will jointly market services, execute projects, and share technical expertise.

A senior SOT executive said the MoU is a strategic move to expand Seatrium’s presence in Asia, identifying India as a major long-term growth market. The executive noted India’s growing offshore energy sector and rising demand for maritime infrastructure as key opportunities.

The partnership aims to combine CSL’s local strengths with Seatrium’s engineering expertise to deliver integrated offshore asset solutions, supporting India’s energy transition and sustainable offshore development.

Sivakumar A., General Manager for Ship Repair at CSL, described the MoU as an important step in CSL’s offshore expansion. He said the agreement reflects confidence in Seatrium’s global expertise and will help both companies provide high-quality, cost-effective offshore solutions in Asia.

The MoU builds upon an earlier agreement signed in November 2024 between Seatrium, through its subsidiary Seatrium Letourneau USA, Inc., and CSL for the joint design and supply of critical equipment for jack-up rigs serving the Indian market. This new agreement lays the foundation for Seatrium’s sustained participation in India’s offshore industry.

India is one of the world’s largest energy consumers and is actively expanding its onshore and offshore resources to ensure energy security and meet the demands of rapid industrialisation and urbanisation. According to the International Energy Agency, India is expected to lead global oil demand growth, reaching an estimated 6.6 million barrels per day by 2030.

Reference: ptinews

Source: Maritime Shipping News