Mazagon Dock Shipbuilders Ltd (MDL), a Navratna DPSU, has begun production of the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark, with the plate cutting ceremony held today. Simon Christensen, CEO of Navi Merchants, and Sanjeev Singhal, Chairman and Managing Director of MDL, officiated the ceremony, marking the start of this significant project.
MDL has signed a contract to design, build, and deliver a total of six vessels, with an option for four additional vessels, each with a 7,500 DWT capacity. The project is valued at 86.05 million USD (approximately ₹700 crores). The vessels will be equipped with hybrid propulsion drives and will adhere to strict emission standards, classified under DNV (Det Norske Veritas).
These Ice Class 1B vessels will be capable of transporting a wide variety of cargo, including dry bulk, project cargo, containers, steel products, forest products, and dangerous goods. The first vessel is expected to be delivered by April 2026, and today’s ceremony marks the official start of production.
