Mazagon Dock secures $39 million contract for methanol vessel
pre-market1 source ↓written by the desknot a recommendation
- contract from Shipping
- $39 million
- vessel represents
- 3,000 DWT
Mazagon Dock Shipbuilders has secured a $39 million contract from Shipping Corporation of India Ltd (SCI) for India's first methanol-powered platform supply vessel. This 3,000 DWT vessel represents a significant step in India's shipbuilding sector, focusing on alternative fuels. The deal highlights the growing emphasis on cost efficiency among local shipyards as India aims to become a competitive shipbuilding destination.
Not investment advice. For informational purposes only.