L&T Signals Shipbuilding Comeback with MoU Signed with Norway’s Ulstein
In a significant move signaling a possible return to commercial shipbuilding, India’s engineering and construction giant Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with Norwegian shipbuilder and designer Ulstein. The agreement, unveiled on the sidelines of Nor-Shipping 2025 in Oslo, underscores L&T’s renewed focus on the maritime sector after years of reduced activity in commercial shipbuilding.
Under the MoU, the two companies will explore collaboration opportunities in ship design, construction, and technology transfer, especially in the context of energy-efficient and future-ready vessels. Ulstein, known for its innovative X-BOW hull design and expertise in offshore and green maritime technologies, brings a wealth of experience to the table. L&T, meanwhile, operates a world-class shipyard at Kattupalli, near Chennai, which has previously delivered complex naval and commercial vessels.
The move comes as India positions itself as a hub for green shipbuilding under the Maritime India Vision 2030. With a global push toward sustainable shipping and offshore wind development, the partnership aligns with broader industry trends and national goals.
“Ulstein’s innovative ship designs and L&T’s engineering strength can create a strong value proposition for global shipping clients,” said a senior L&T official familiar with the agreement.
The MoU is seen by industry watchers as a step toward L&T re-establishing its presence in the international commercial shipbuilding market. While the company remains active in defense contracts, a re-entry into the commercial segment could diversify its portfolio and tap into emerging global demand.
If formalized into a long-term agreement, the partnership could mark a new chapter in India-Norway maritime collaboration and in L&T’s journey back to the shipbuilding mainstream.
