October17 , 2026

    HSL inks MoUs as part of green shipping initiative

    Related

    Maersk Slashes Import Surcharges for New Delhi by 48.4%

    Global shipping major Maersk has reduced import surcharges applicable...

    Jade Pacific Line Introduces India–Red Sea Trade Route

    Jade Pacific Line has introduced a new India–Red Sea...

    India Bans Deployment of Seafarers to Malaysia’s Sarawak Region

    India’s maritime administration has prohibited the deployment of Indian...

    India Export Shipping Rates Decline as Peak Season Winds Down

    Spot freight rates and shipping surcharges on export routes...

    DP World Plans $3–5 Billion Investment in India Amid West Asia Trade Disruptions

    Global logistics company DP World plans to invest between...

    Share

    Hindustan Shipyard Ltd (HSL) at the third Global Maritime India Summit (GMIS) held during October 17-19, in Mumbai, inked four strategic MoUs as part of its green shipping initiative.

    The MoUs serve as a cornerstone in promoting an evessel ecosystem in India, thus marking a significant leap towards a more environmentally-friendly maritime industry.

    Inaugurated by Prime Minister Narendra Modi, GMIS 2023 showcased India’s vision for the maritime sector.

    HSL’s ambitious objectives include achieving autonomy in designing and building e-tugs by 2026, further aligning with international standards for build time, and condensing the construction period to just 8-12 months.

    To accomplish this, HSL is going with modular concept and developing a family of e-tugs with bollard pull capacity ranging from 40T to 80T and beyond with a wide range of options including compatibility for using green alternative fuels based on the diverse operational requirements of customer.

    In addition, with a view to building a vibrant ancillary ecosystem centered around Visakhapatnam, HSL is planning to include a few promising industries based in Visakha-patnam and coastal districts to participate in the program.