Asia/Pacific News
Construction Begins on Svitzer Battery-Electric Tugs in India
India’s Cochin Shipyard has started construction of four battery-electric harbour tugs for towage service provider Svitzer.
The steel-cutting ceremony follows a shipbuilding agreement signed by the two companies in December 2025 for four tugs, Svitzer said in a statement on its website on Wednesday.
The tugboats will feature battery-electric propulsion and use electricity produced from renewable sources for charging.
India has been looking to ramp up its domestic shipbuilding industry.
Last year, the country announced a package worth $7.9 billion, including a financial assistance scheme to rejuvenate the country's shipbuilding industry and its broader maritime ecosystem.
“We evaluated shipyards across the world before selecting CSL. Four fully electric TRAnsverse 2600e tugs now begin construction here in Cochin — among the most advanced green tugs being built anywhere — and the capability to build them stays in India,” Deniz Kirdar True, Managing Director – Asia, Middle East and Africa (AMEA) of Svitzer, said
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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