Mumbai, Sept. 19 -- Garden Reach Shipbuilders & Engineers signed a contract on 19 September 2025, with Germany's Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG in Hamburg, Germany, for the for the construction of four Hybrid Multi-Purpose Vessels (MPVs) at a total value of USD 62.44 million.

This agreement represents a natural extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT Multi-Purpose Vessel (MPV) project currently under execution in Kolkata.

GRSE has ventured into construction of these four (04) Hybrid Propulsion MPVs with a provision of additional two (02) vessels of Hybrid propulsion type. This milestone underscores the shipyard's expanding global footprint in comme...