The partners have announced plans to expand the ISRF by adding 10 workstations, increasing the total to 16. This expansion will enhance dry-docking and repair services for vessels under 130 meters and 6,000 tonnes. The facility, inaugurated in January 2024, aims to improve operational efficiencies and support complex projects.
Dredging Corporation of India (DCI) has signed a five-year Memorandum of Understanding with Cochin Shipyard Limited (CSL) for dry dock repairs of its fleet. This collaboration aims to enhance vessel maintenance efficiency and operational readiness, ensuring timely servicing at CSL’s facilities across India, thereby bolstering DCI’s maritime capabilities.
Cochin Shipyard Limited (CSL) has formed a 50:50 joint venture with Drydocks World Dubai FZCO to manage its International Ship Repair Facility in Kochi. The venture, valued at Rs 1,800 crore, will enhance ship repair capabilities and align with India’s Maritime Vision 2030, pending approvals by key authorities.
Cochin Shipyard Limited and Svitzer have commenced the construction of four advanced battery-electric tugs, representing a milestone in green maritime technology. This initiative, part of India’s Maritime India Vision 2030, aims to enhance domestic electric propulsion capabilities while promoting sustainability and operational efficiency in port operations, supporting zero emissions when powered by green sources.
HD Korea Shipbuilding and Offshore Engineering (HD KSOE) has reviewed its proposed joint venture with India’s Cochin Shipyard, ultimately deciding to shelve the project. Despite this, both companies will continue their technical cooperation, enhancing exchanges in design and procurement, and supplying critical equipment for ongoing contracts with CMA CGM.
Cochin Shipyard Limited (CSL) has successfully delivered the MS Maria, the second vessel in the HS EcoFreighter series for German shipping firm HS Schiffahrts. Designed by Groot Ship Design, the 7000 DWT vessel boasts a hydrodynamic profile, catering to diverse cargo needs and enhancing CSL’s capability in constructing eco-friendly ships.
Cochin Shipyard Ltd (CSL) has joined the Bharat Container Shipping Line (BCSL) consortium to construct various vessels, including container ships and tankers. This move aligns with the Indian government’s goal to boost domestic shipbuilding, reduce reliance on foreign builders, and enhance India’s shipping capacity, ultimately supporting long-term industrial growth.
The government’s Offer for Sale (OFS) to reduce its stake in Cochin Shipyard concluded on Wednesday, resulting in a 3.04% drop in shares, settling at Rs 1,404.30. The OFS allowed divestment of up to 5.04%, driven by strong institutional interest, leading to a full subscription in the non-retail segment.
The floor price for Cochin Shipyard’s Offer for Sale (OFS) is set at INR 1,400, over seven percent lower than the previous closing price. This initiative aligns with the Indian government’s goal to raise INR 800 billion through divestment and asset monetisation, enhancing market participation for investors.
Cochin Shipyard Limited (CSL) has teamed up with HBL Engineering Limited to form a Joint Venture focused on electric mobility and energy storage in the maritime sector. This collaboration aims to develop advanced marine batteries, electric motors, and charging infrastructure, supporting the global transition to sustainable maritime solutions.
Cochin Shipyard Limited (CSL) received the ‘Outstanding PSU of the Year’ award at the AIMA event in New Delhi, recognized for its exemplary performance in India’s maritime sector. Union Minister Dharmendra Pradhan presented the award, accepted by Dr. Harikrishnan S. This accolade follows CSL’s significant MoU with CMA CGM for LNG vessels.
Cochin Shipyard Limited has emerged as the lowest bidder for a ₹5,000 crore contract to construct five Next Generation Survey Vessels for the Indian Navy. This status was confirmed in a Ministry of Defence meeting in New Delhi, with contract finalization pending necessary formalities. The shipyard insists there are no related party transactions involved.
India aims to boost its shipbuilding capacity, targeting a spot among the top five shipbuilding nations by 2047. Cochin Shipyard Limited (CSL) is poised to benefit from substantial investments and policy reforms. Director General of Shipping, Shyam Jagannathan, stressed the need to reduce dependence on foreign fleets amid shifting geopolitical dynamics.
Polestar Maritime Limited has ordered two 60-ton Bollard Pull Battery-Electric Green Tugs from Cochin Shipyard Limited. Designed for Jawaharlal Nehru Port, these tugs support India’s Green Tug Transition Programme, enhancing sustainability. Featuring battery-electric propulsion, they ensure zero emissions during harbor operations, aligning with the “Make in India” initiative.
Cochin Shipyard Limited (CSL) has secured a contract from Polestar Maritime Limited to build two battery-electric harbour tugs for the Jawaharlal Nehru Port Authority. These tugs, each with a 60-tonne bollard pull, will support the Centre’s Green Tug Transition Programme, promoting greener maritime operations and zero emissions during port activities.
