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Singapore's Seatrium Offshore Technology (SOT) and Cochin Shipyard Limited (CSL), India's largest shipbuilder and ship repair company, signed a virtual Memorandum of Understanding earlier this week to strengthen cooperation in offshore engineering and services across Asia. The agreement focuses on Maintenance, Repair and Overhaul (MRO) activities, joint marketing, project execution, and technology collaboration. It aims to bring together Seatrium's engineering expertise with CSL's infrastructure and fabrication capabilities. The partnership builds on their earlier collaboration in late 2024, when both worked on designing and supplying equipment for jack-up rigs in India.
Seatrium Offshore Technology Pte Ltd (SOT), a Singapore-based offshore and marine engineering solutions provider, and Cochin Shipyard Limited (CSL), India's largest shipbuilding and repair facility, entered into a Memorandum of Understanding earlier this week. The MoU was signed virtually and is aimed at deepening cooperation in offshore engineering and services across Asian markets. Advertisement
The agreement outlines collaboration on Maintenance, Repair and Overhaul (MRO) projects for offshore clients in Asia. It also provides a framework for joint marketing, project execution, and technology exchange between the two companies. Seatrium will bring its advanced offshore engineering solutions and specialised equipment to the partnership, while CSL will contribute its established fabrication facilities, infrastructure, and ship repair strengths.
Leadership from both sides highlighted the importance of this cooperation. The senior vice president of SOT stated that India is considered an important market for long-term growth, especially with its growing offshore energy needs. He added that combining Seatrium's engineering capabilities with CSL's strong local presence will help develop offshore asset solutions, support the country's energy transition, and respond to the evolving requirements of the Asian maritime sector.
From CSL?s side, the general manager of ship repair said the MoU marks a significant step in extending CSL's presence in the offshore industry. He noted that the agreement reflects the trust placed in Seatrium's global experience and technological expertise. According to him, this cooperation is expected to strengthen offshore development opportunities and enhance the ability to adapt to new requirements emerging from energy transition goals.
This new understanding builds on a partnership that started in late 2024, when Seatrium, through its US subsidiary, worked with CSL to jointly design and supply critical equipment for jack-up rigs in the Indian market. The collaboration comes at a time when India, one of the world's largest energy consumers, is increasing its investment in offshore and onshore energy projects to secure long-term energy supplies. Industry reports, including estimates from the International Energy Agency, show that India is likely to drive global oil-demand growth, with demand projected to reach nearly 6.6 million barrels per day by 2030.
Source PTI
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