Cochin Shipyard Ltd. (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) to explore long-term cooperation in shipbuilding and maritime development. Known for its expertise in designing and constructing offshore infrastructure and naval platforms, KSOE aims to collaborate with CSL on new shipbuilding opportunities both in India and internationally. The agreement also emphasizes the transfer of technical knowledge to meet global shipbuilding standards.
This strategic partnership aligns with India’s ambition to become a leading marine hub, supported by initiatives like the Rs 25,000 crore Marine Development Fund. The MoU was announced after market hours, and CSL’s stock closed 2.08% higher at Rs 2,057.25.
Additionally, CSL has recently partnered with Drydocks World to enhance its offshore manufacturing and ship repair capabilities, focusing on creating a premier ship repair ecosystem for both domestic and international fleets. As of March 2025, the Indian government holds a 67.91% stake in the state-owned firm.
This collaboration signifies a significant step towards strengthening India’s position in the global maritime industry.
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