Square Port Shipyard in pact with Damen to develop ships

By Admin

12 Apr, 2025

Partnership Overview

The Memorandum of Understanding (MoU) between Square Port Shipyard and Damen Technical Cooperation BV focuses on developing advanced shipbuilding infrastructure in the Kasi Strait region. This initiative is part of a broader strategy to expand global sea trade and strengthen India's position in the maritime sector.​

Damen Shipyards has been actively investing in local facilities across southern India, recognizing the country's skilled labor force and strategic location. The partnership with Square Port Shipyard is expected to create a 100% export-oriented unit, generating significant employment opportunities and contributing to the growth of India's shipbuilding industry. ​

Infrastructure and Capabilities

Square Port Shipyard, formerly known as Bharti Defence and Infrastructure Ltd., boasts a water depth of 6-8 meters at Chart Datum and a 230-meter jetty. The shipyard is equipped to handle the construction and repair of various vessels, including merchant ships, defense vessels, and oil rigs. With Damen's expertise in ship design and construction, the partnership aims to enhance these capabilities further.

Emphasis on Sustainability

Damen Shipyards is renowned for its commitment to sustainable shipbuilding practices. The company focuses on reducing waste, minimizing energy consumption, and utilizing renewable energy sources throughout the shipbuilding process. By integrating these practices into the operations at Square Port Shipyard, the partnership aims to promote environmentally friendly shipbuilding in India. ​

Economic Impact

The collaboration is expected to have a positive economic impact on the region. In the third quarter of FY25, Square Port Shipyard reported net sales of ₹164.87 crore and a net profit of ₹2.72 crore. For the nine-month period of FY25, the company recorded net sales of ₹391.21 crore and a net profit of ₹23.20 crore. The partnership with Damen is anticipated to further boost these figures by expanding the shipyard's capabilities and market reach.

Global Outlook

This partnership aligns with Damen's strategy to establish a presence in rapidly growing economies. By collaborating with local shipyards like Square Port, Damen aims to integrate its shipbuilding philosophy—emphasizing quality, innovation, and competitive pricing—into new markets. This approach not only benefits the local economy but also enhances Damen's global footprint