Mumbai, March 25 -- The contract was formally signed and finalized on 24 March 2025 in Hamburg, Germany.

This agreement follows the 'option agreement' between the two parties for the procurement of four additional MPVs, bringing GRSE's total order to eight vessels. The overall contract value remains at approximately $108 million, with no change in financial terms.

Each MPV will be 120 meters long, 17 meters wide, and have a maximum draft of 6.75 meters. It is capable of carrying 7,500 tonnes of cargo. Each vessel will feature a single cargo hold designed to accommodate bulk, general, and project cargoes, with containers carried on the hatch covers. These ships are specifically designed to transport multiple large windmill blades on deck...