Garden Reach Shipbuilders & Engineers (GRSE) has announced the signing of multiple agreements aimed at enhancing its shipbuilding portfolio and expanding into the offshore segment.
On June 4, 2025, GRSE signed a Memorandum of Intent (MoI) with Germany-based Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG. The agreement covers the construction of four follow-on 7,500 DWT Multi-Purpose Vessels. These vessels will continue from the eight currently under construction at GRSE’s Kolkata facility. The new vessels are expected to include hybrid propulsion and upgraded cybersecurity features. A firm contract is anticipated by August 31, 2025.
Additionally, GRSE entered into a Memorandum of Understanding (MoU) with Dubai-based Aries Marine. The MoU is focused on offshore platform and vessel design, aligning with GRSE’s interest in entering the offshore construction space. This collaboration will explore offshore project opportunities where Aries will provide design expertise and GRSE will handle construction.
On the same day, GRSE also signed an MoU with a global engine manufacturer. Further details of this agreement were not disclosed.
These agreements mark GRSE’s continued efforts to diversify its offerings and explore international collaborations.
