ENA Global 2025-09-25 16:53:56 <p><span style="font-size:14px"><strong>New Delhi, Sep 25 (KNN) </strong>A Memorandum of Understanding (MoU) has been signed between Singapores Seatrium Offshore Technology Pte Ltd (SOT) and Indias Cochin Shipyard Limited (CSL), aiming to deepen cooperation in the offshore sector across Asia.</span></p> <p><span style="font-size:14px">Under the agreement, the two firms will combine their strengths. Seatrium brings engineering excellence, advanced offshore technology, and specialised solutions, while Cochin Shipyard contributes its infrastructure, fabrication facilities, and ship-repair expertise.</span></p> <p><span style="font-size:14px">A major focus of the partnership will be Maintenance, Repair and Overhaul (MRO) projects for clients operating in Asia. The MoU also opens opportunities to expand into other important offshore markets in the region.</span></p> <p><span style="font-size:14px">Winston Cheng, Senior Vice-President and Head of SOT, said this agreement marks a strategic milestone in Seatriums expansion across Asia, with India positioned as a key long-term market.</span></p> <p><span style="font-size:14px">He highlighted Indias growing offshore energy sector and increasing demand for maritime infrastructure as strong reasons for collaboration.</span></p> <p><span style="font-size:14px">Sivakumar A, General Manager of Ship Repair at CSL, said the MoU strengthens Cochin Shipyards offshore presence and reflects confidence in Seatriums global capabilities.</span></p> <p><span style="font-size:14px">He noted that the two companies aim to deliver cost-effective and high-quality offshore solutions together.</span></p> <p><span style="font-size:14px">This partnership builds on an earlier collaboration from November 2024, when Seatriums U.S. subsidiary and CSL agreed to jointly design and supply equipment for jack-up rigs in India.</span></p> <p><span style="font-size:14px">The MoU also aligns with Indias growing energy needs. The International Energy Agency (IEA) projects that India will drive global oil demand growth by 2030, reaching 6.6 million barrels per day, highlighting the importance of strong offshore infrastructure.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43625 https://knnindia.co.in/news/newsdetails/global/singapore-indian-shipyards-forge-mou-for-offshore-collaboration 2025-09-25 16:53:56 knnindia.co.in