Square Port Shipyard has signed a Memorandum of Understanding with Damen Technical Cooperation B.V., a group company of Damen Shipyards Group N.V. The agreement aims to facilitate shipbuilding activities at Square Port’s facility in Dabhol, Maharashtra, for both domestic and export markets.
Under the MoU, Damen Technical Cooperation will support the development of the Dabhol shipyard to build vessels from the Damen portfolio. The collaboration includes technology transfer and assistance in establishing production processes aligned with Damen standards.
Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited, operates the Dabhol yard previously owned by Bharati Defence Infrastructure Limited. The facility is expected to manufacture a range of vessels and could contribute to easing capacity limitations in India’s shipbuilding and repair sector.
Dingeman van Worden, Regional Sales Director, Damen Shipyards, stated, “Physical presence in world’s fastest growing economies is critical for Damen Shipyards. The availability of good infrastructure and economic labour costs will strengthen our competitive edge in global market. The tie up with Square Port Shipyard enables Damen imprint its ship building culture to clients as a unique parcel of quality at competitive prices.”
Fattesingh Patil, Director, Square Port Shipyards Pvt. Ltd., said, “Access to latest ship building technology and processes will give us the competitive advantage and help gain market share. It will also address the issue of capacity constraints plaguing the Indian ship building and repair industry.”