Germany’s Carsten Rehder has exercised options for four more 7,500 dwt general cargo vessels at India’s Garden Reach Shipbuilders and Engineers (GRSE), due for delivery from mid-2027 through to the first quarter of 2028. The ships are costing $13.5m each.
The Indian shipyard has been diversifying its offering, having won an initial four-ship order from Carsten Rehder in June.
The yard, which is under the administrative control of the Ministry of Defence, is best known for its defence shipbuilding as well as some offshore vessels.
Many Indian shipyards are upping their game when it comes to commercial shipbuilding.
Indian prime minister Narendra Modi has laid out plans for the country to become a top five shipbuilding and repair nation within a decade. India is currently outside the top 10 shipbuilding nations globally with a market share of less than 1%.
