Seatrium teams with Cochin Shipyard to tap Asia offshore market

Singapore’s Seatrium has solidified a partnership with Cochin Shipyard, India’s largest shipbuilder, through a new memorandum of understanding aimed at enhancing cooperation in the offshore sector across India and Asia. This collaboration, signed by Seatrium Offshore Technology, seeks to leverage both companies’ strengths to tackle maintenance, repair, and overhaul projects for clients operating in the region’s burgeoning offshore market.

Strengthening Offshore Capabilities

The agreement between Seatrium and Cochin Shipyard marks a significant step forward in addressing the growing needs of the offshore energy sector. Seatrium brings its renowned engineering capabilities, specialized equipment, and innovative offshore solutions to the table. In contrast, Cochin Shipyard contributes its vast infrastructure, fabrication facilities, and expertise in ship repair. Together, they aim to harness business opportunities in maintenance and repair, while also exploring expansion into other pivotal offshore markets in Asia.

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This new partnership builds upon a previous collaboration established in November 2024, where Seatrium’s subsidiary, Seatrium Letourneau USA, and Cochin joined forces for the design and supply of crucial equipment for jackup rigs targeting the Indian market. The latest agreement lays a solid groundwork for Seatrium’s sustained involvement in India’s offshore industry, reflecting both companies’ commitment to delivering comprehensive offshore asset solutions tailored to the region’s evolving demands.

“India’s rapidly developing offshore energy sector and rising demand for maritime infrastructure present compelling opportunities for collaboration and innovation,” said Winston Cheng, Senior Vice President and Head of Seatrium Offshore Technology. This partnership comes at a time when India is aggressively expanding its onshore and offshore resources to strengthen energy security, in response to its fast-paced industrialization and urbanization. According to the International Energy Agency, India is projected to lead global oil demand growth, potentially reaching an impressive 6.6 million barrels per day by 2030.