New methanol dual-fuel PSV under construction at Mazagon Dock.
Mazagon Dock Shipbuilders Limited (MDL) has been awarded a contract worth approximately $39 million from the Shipping Corporation of India Limited (SCI) for the construction and delivery of a 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). The announcement, made on March 18, 2026, underscores MDL’s ongoing role in supporting India’s maritime infrastructure through advanced shipbuilding.
The contract falls under MDL’s ordinary business operations, with construction timelines to be mutually agreed upon by both parties. The new vessel is designed to support modern maritime operations, reflecting a move towards more sustainable fuel solutions in the shipping industry.
The disclosure of this transaction to regulatory bodies is based on the materiality assessment of the contract value, ensuring compliance and transparency in MDL’s operations. This contract strengthens the collaboration between MDL and SCI, leveraging MDL’s shipbuilding capabilities to enhance SCI’s fleet with environmentally-friendly technology.
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