Singapore shipyard group Seatrium has signed a memorandum of understanding with India’s largest shipbuilder, Cochin Shipyard, to strengthen cooperation in the offshore sector across India and Asia.
The agreement with Cochin Shipyard was signed by Seatrium’s wholly owned subsidiary, Seatrium Offshore Technology.
Seatrium will bring its engineering excellence, specialised equipment, and offshore solutions and combine them with Cochin’s infrastructure, fabrication facilities, and ship repair expertise to leverage business opportunities.
The partnership will focus on maintenance, repair, and overhaul projects for clients with operations in Asia. The two companies will also explore opportunities to expand into other key offshore markets in the region.
It builds on an earlier collaboration signed in November 2024 between Seatrium’s subsidiary, Seatrium Letourneau USA, and Cochin for the joint design and supply of critical equipment for jackup rigs that serve the Indian market.
The new agreement also lays the foundation for the Seatrium’s long-term participation in India’s offshore industry.
“India’s rapidly developing offshore energy sector and rising demand for maritime infrastructure present compelling opportunities for collaboration and innovation. [Cochin and Seatrium] aim to deliver integrated offshore asset solutions that meet the region’s evolving needs,” said Winston Cheng, SVP and head of Seatrium Offshore Technology.
India is actively expanding onshore and offshore resources to bolster energy security and meet the demands of rapid industrialisation and urbanisation. According to the International Energy Agency, India is set to lead global oil demand growth, reaching an estimated 6.6m barrels per day by 2030.
