CSL & Seatrium Ink Offshore Energy MoU

In a bid to enhance India's offshore and maritime energy strength, Cochin Shipyard Limited (CSL) has penned a memorandum of understanding (MoU) with Singapore-based Seatrium Ltd.'s wholly owned subsidiary Seatrium Offshore Technology (SOT). The deal will foster collaboration in offshore maintenance, repair, and overhaul (MRO) ventures in India and Asia.

The collaboration also paves the way for collaborative project implementation, technology sharing, and marketing efforts, as both entities look to serve the region's increasing energy demand and drive the offshore sector's shift towards sustainable solutions.

“This MoU is an important milestone for CSL as we grow our strategic partnerships in the offshore business.It provides the opportunity for us to capitalize on Seatrium's engineering and technology capabilities while complementing our existing strong local infrastructure and project delivery capabilities," added a CSL spokesperson.

Key highlights:

Cochin Shipyard Limited (CSL) and Seatrium Offshore Technology (SOT) signed an MoU to collaborate on offshore maintenance, repair, and overhaul (MRO) projects across India and Asia
The partnership enables joint execution of offshore projects, technology sharing, and marketing efforts, combining CSL’s local strengths with Seatrium’s global engineering expertise
Aligned with India’s growing energy needs, the collaboration aims to strengthen maritime infrastructure and support the country’s transition to sustainable offshore energy solutions

The partnership is based on a November 2024 deal signed between CSL and Seatrium Letourneau USA for mutual design and equipment supply of jack-up rigs for India.

"Our intention with Seatrium is to assist India in its energy transition and bolster regional maritime infrastructure," the spokesperson further stated.

Also Read: Is Energy security a practical approach for India?

With India set to be the largest growth driver of global oil demand by 2030 (IEA), the MoU is an expression of a long-term commitment to increasing offshore development and energy security in one of the world's fastest-growing energy markets.