India, June 5 -- Garden Reach Shipbuilders & Engineers has entered into the following Memorandum of Intent (MoI) and Memorandum of Understandings (MoUs):(a) On 04 June 2025, Garden Reach Shipbuilders & Engineers (GRSE) signed a MoI with M/s Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG, Germany, for the construction of four (04) follow-on 7,500 DWT Multi-Purpose Vessels. These vessels will be built as a continuation of the eight (08) vessels currently under construction at GRSE's Kolkata shipyard. The follow-on vessels will feature hybrid propulsion systems and comply with the latest cybersecurity standards. The firm contract for these vessels is expected to be finalized by 31 August 2025.(b) In pursuance of venturing into constru...