Singapore’s Seatrium Offshore Technology Pte Ltd (SOT) has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), India’s largest shipbuilder and ship repairer, to strengthen cooperation in the offshore sector across Asia.
The MoU will see the two companies combine their complementary strengths — SOT’s engineering excellence, specialised equipment and offshore solutions, along with CSL’s extensive infrastructure, fabrication facilities and ship repair expertise — to tap new business opportunities.
The collaboration will focus on Maintenance, Repair and Overhaul (MRO) projects for clients operating across Asia, while also exploring opportunities to expand into other key offshore markets in the region. The agreement was signed virtually on Thursday.
Winston Cheng, Senior Vice-President and Head of SOT, described the MoU as a “strategic milestone” in Seatrium’s expansion across Asia.
“India’s rapidly developing offshore energy sector and rising demand for maritime infrastructure present compelling opportunities for collaboration and innovation,” Cheng said. “By combining CSL’s robust local capabilities with Seatrium’s deep engineering expertise and technology strengths, we aim to deliver integrated offshore asset solutions that meet the region’s evolving needs.”
He added that the shared goal of the partnership is to support India’s energy transition, enhance maritime capabilities, and position Seatrium as a trusted partner in driving sustainable offshore development.
Echoing this sentiment, Sivakumar A, General Manager, Ship Repair at CSL, said:
“The MoU marks a significant step forward in CSL’s efforts to expand our offshore footprint. Our decision to strengthen collaboration with Seatrium demonstrates our confidence in their global expertise, enabling us to jointly deliver high-quality, cost-effective solutions to clients across the region.”
The MoU sets a framework for joint marketing, project execution and technology collaboration, paving the way for a long-term partnership to support regional energy transition and offshore growth.
This latest development builds on an earlier collaboration signed in November 2024 between Seatrium’s subsidiary, Seatrium Letourneau USA, Inc., and CSL for the joint design and supply of critical equipment for jack-up rigs serving the Indian market.
The partnership also lays the foundation for Seatrium’s long-term participation in India’s offshore industry. As one of the world’s largest energy consumers, India is rapidly expanding its onshore and offshore resources to bolster energy security. According to the International Energy Agency (IEA), India is set to lead global oil demand growth, projected to reach 6.6 million barrels per day by 2030.
