On June 22, 2024, M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. of Germany awarded GRSE a contract for the construction and delivery of eight multipurpose vessels, including an option for an additional four vessels, each with a capacity of 7,500 DWT.
This international contract involves the design, build, and delivery of the vessels, with a timeline of 33 months from the signing date. The total value of the order is approximately 108 million USD, which includes about 54 million USD for the four additional vessels. Notably, none of the promoter or promoter group companies have any interest in the awarding entity, and this contract does not fall under related party transactions.