Square Port Shipyard and Damen Technical Cooperation B.V. signed a Memorandum of Understanding to collaborate on developing the Indian shipyard to build Damen vessels for regional markets. This represents Damen’s third Indian subcontinent partnership.
Dingeman van Woerden, Damen’s Regional Sales Director Asia:
“A physical presence in one of the world’s fastest growing economies is critical for Damen Shipyards. The availability of good infrastructure and economic labour costs will further strengthen our competitive edge in the global market. This partnership with Square Port Shipyard will enable us to bring our shipbuilding culture with its unique combination of quality and competitive prices to India’s maritime sector.”
Mr Fattesingh Patil, Director of Square Port Shipyards Pvt. Ltd.:
“This agreement is a significant step in our vision to transform India’s maritime landscape through innovative technologies and sustainable methodologies. Access to the latest ship building technology and processes will give us a competitive advantage and address the issue of capacity constraints plaguing the Indian ship building and repair industry.”
Damen’s Technical Cooperation program supports shipyards worldwide in facility upgrades and construction to Damen’s standards, alongside offering related maritime services.