<h1>Indian state shipbuilder wins $62.44M contract to build four 120m battery-assisted hybrid multipurpose vessels, option for two</h1> An Indian state-owned shipbuilder has contracted with a German shipping firm for the construction of four 120m hybrid multi-purpose vessels valued at USD 62.44 million, with an option for two additional hybrid propulsion ships; the vessels will feature battery-assisted hybrid propulsion, improved fuel efficiency, flexible cargo handling, and capacity for 7,500 tonnes single-hold cargo including bulk, general, project cargo and deck stowage for large windmill blades to support renewable logistics, aligning with IMO decarbonisation goals. The deal builds on a series of prior orders and follows commencement of steel cutting for the export series.