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Garden Reach Shipbuilders & Engineers (GRSE) signed a $62 million contract with Germany’s Carsten Rehder to build four Hybrid Multi-Purpose Vessels (MPVs), with an option for two more. The stock gained more than 4% following the update.
Hybrid Multi-Purpose Vessels are ships that can carry all kinds of cargo, from bulk goods to giant windmill parts while using cleaner, fuel-efficient tech.
The deets: the vessels will be built in Kolkata and delivered within 33–42 months. Each ship will measure 120m in length, 17m in width, and carry up to 7,500 tonnes of cargo.
They’re designed for bulk, general, and project cargoes, with a capability to transport large windmill blades on deck, tapping into renewable energy logistics. This marks another win in GRSE’s push into green shipbuilding.
Background: this deal builds on GRSE’s ongoing 7,500 DWT MPV project with Carsten Rehder, which kicked off in June 2024.
Big theme: MPVs are the Swiss Army knives of shipping. They are versatile vessels that can carry everything from bulk cargo to oversized project goods.
With hybrids, they add fuel efficiency and lower emissions, aligning with global moves toward greener transport. For India, GRSE’s growing footprint in MPVs signals not just defence strength but also a push into commercial shipbuilding with global relevance.
