Seatrium Offshore Technology has signed a Memorandum of Understanding with Cochin Shipyard Limited to strengthen offshore collaboration in India and Asia. This partnership focuses on maintenance, repair, and overhaul projects, aiming to leverage local expertise and engineering capabilities to enhance offshore asset solutions and support regional energy transitions.
Cochin Shipyard Limited (CSL) has signed a pivotal Memorandum of Understanding with HD Korea Shipbuilding and Offshore Engineering, announced at the ‘Samudra se Samriddhi’ event in Gujarat. This collaboration aims to enhance India’s shipbuilding capabilities, generate 2,000 jobs, and align with the Maritime India Vision 2030 initiative.
Cochin Shipyard Ltd (CSL) has secured a ₹200 crore contract from Oil & Natural Gas Corporation (ONGC) for the repair and maintenance of a jack-up rig, set for completion within 12 months. This deal emphasizes transparency, as CSL’s promoters hold no stake in ONGC, enhancing trust in the agreement.
Cochin Shipyard has begun constructing the Pelagic Wahoo, a sophisticated commissioning service operation vessel for Pelagic Wind Services. This cutting-edge vessel, measuring 93 meters and designed for sustainability, will accommodate 120 personnel. With advanced hybrid propulsion and automation, it highlights Cochin Shipyard’s commitment to innovation and environmentally-friendly practices.
Cochin Shipyard Limited (CSL) has initiated the construction of a hybrid Service Operation Vessel (SOV) for North Star Shipping, marking a significant step in offshore renewable energy. The 68-meter vessel, designed with Norway’s VARD AS, will enhance safety and efficiency in offshore wind operations, accommodating 54 personnel for servicing wind turbines.
Cochin Shipyard Ltd. (CSL) has signed a Memorandum of Understanding with HD Korea Shipbuilding & Offshore Engineering to explore long-term cooperation in shipbuilding. This partnership aims to enhance technical knowledge and develop new shipbuilding opportunities, supporting India’s ambition to become a leading marine hub in the global maritime industry.
Cochin Shipyard Limited (CSL) announced a significant contract with Heritage River Journeys, operating as Antara River Cruises, to build two luxury river cruise vessels for the Brahmaputra River. Valued between ₹100 crore and ₹250 crore, this initiative aims to boost premium inland waterway tourism in India.
On May 12, 2025, Cochin Shipyard Limited (CSL) and Drydocks World enhanced their partnership to boost India’s ship repair and offshore fabrication capabilities. Following a recent MoU in Mumbai, both companies aim to foster innovation and job creation, advancing projects like the International Ship Repair Facility in Kochi.
The development of hybrid and electric propulsion tugs in India showcases technological advancement and the country’s growing leadership in the global green maritime movement. Union Minister Sarbananda Sonowal emphasized this achievement aligns with Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’ and marks a significant step towards achieving it.
Cochin Shipyard Ltd is actively seeking joint ventures with global shipbuilding majors to enhance shipbuilding and repair capabilities. Exploring opportunities in Korea and Japan, the company aims to compete with Korean, Chinese, and Japanese shipbuilders. Plans for a new fabrication facility in Kochi and developing an Autonomous Surface Vessel signal growth in the Indian shipping industry.
Cochin Shipyard has signed an MoU with AP Moller-Maersk for collaboration in ship repair and building in India. The agreement includes sharing technical expertise, joint training programs, and promoting responsible practices. However, brokerage firm Kotak Institutional Equities has issued a ‘sell’ rating on Cochin Shipyard, predicting a potential 40% decline in its stock.
Cochin Shipyard Ltd. is set to build a new shipyard at Cochin Port with international assistance to boost the industry. The investment aligns with efforts to enhance ship repair capabilities in India and position Kochi as a maritime hub. This move is crucial for the growth and expansion of the shipbuilding sector in the country.
DEENDAYAL Port Authority (dpa) and Cochin Shipyard LTD (CSL) have partnered to establish a state-of-the-art ship-repair hub in Gujarat at the cost of 1,750 crore rupees. CSL will manage repair operations at the Vadinar facility, with the capacity to service 32 ships annually. This collaboration aims to boost India’s ship repair capabilities.
Mr. Ashwani Gupta, the CEO of APSEZ, highlighted the company’s collaboration with Cochin Shipyard to enhance India’s maritime infrastructure. The partnership underscores APSEZ’s confidence in India’s PSUs and commitment to supporting the country’s development. By leveraging local manufacturing capabilities and adhering to international standards, APSEZ aims to contribute to India’s ‘Make in India’ initiative.
Adani Ports and Special Economic Zone (APSEZ) has awarded Cochin Shipyard in India a contract to build eight harbour tugs, slated for delivery by May 2028. These tugs will improve vessel operations in Indian ports. With a total of 13 tugs in the pipeline, APSEZ emphasizes its commitment to enhancing maritime infrastructure and port efficiency.
