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Garden Reach signs contract to construct four Hybrid Multi-Purpose Vessels

20 Sep 2025 Evaluate

Garden Reach Shipbuilders & Engineers (GRSE) has signed a contract with Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG in Hamburg, Germany, for the construction of four Hybrid Multi-Purpose Vessels (MPVs) at a total value of $62.44 million. This agreement represents a natural extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT Multi-Purpose Vessel (MPV) project currently under execution in Kolkata.

GRSE has ventured into construction of these four Hybrid Propulsion MPVs with a provision of additional two vessels of Hybrid propulsion type. This milestone underscores the shipyard’s expanding global footprint in commercial & green shipbuilding. The newly contracted Hybrid MPVs will incorporate state-of-the-art battery-assisted hybrid propulsion systems, enhanced fuel efficiency, and flexible cargo handling capabilities, making them well-aligned with International Maritime Organization (IMO) decarbonization goals. 

These MPVs will be 120 metres long and 17 metres wide, with a maximum draft of 6.75 metres. The vessels are designed to carry 7,500 metric tonnes of cargo in a single large cargo hold, capable of accommodating bulk, general, and project cargoes. Containers can also be carried on hatch covers. A unique design feature of these ships is their ability to transport multiple large windmill blades on deck, catering specifically to the growing renewable energy logistics sector.

Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

Garden Reach Ship Share Price

2537.90 12.60 (0.50%)
10-Apr-2026 16:59 View Price Chart
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