Udupi Cochin Shipyard Scores Major International Order for Eco-Friendly Cargo Vessels

Udupi Cochin Shipyard Limited (UCSL), a subsidiary of India’s leading shipyard Cochin Shipyard Limited (CSL), has secured a significant international order from Wilson ASA, a leading Norwegian shipping company.

Key Points

• Order for 8 Cargo Vessels: The agreement entails the design and construction of eight 6300 Deadweight Tonnage (DWT) dry cargo vessels.
• Follow-Up Order: This win builds on UCSL’s success in June 2023, where they secured a contract for six 3800 DWT dry cargo vessels for the same client.
• Environmentally Friendly Design: The vessels will be designed by Conoship International of the Netherlands and will be built as eco-friendly diesel-electric ships, catering to the transportation of general cargo within European coastal waters.
• Project Value and Timeline: The total project value for all eight vessels is estimated at ₹1,100 crore (approximately USD 1.4 billion), with completion targeted for September 2028.

About Wilson ASA

Headquartered in Bergen, Norway, Wilson ASA is Europe’s leading short-sea fleet operator. The company transports roughly 15 million tonnes of dry cargo annually and boasts a fleet of over 130 vessels ranging from 1500 to 8500 DWT.

UCSL’s Continued Success

• Since becoming a subsidiary of CSL, UCSL has delivered several vessels in line with India’s AatmaNirbhar Bharat (Self-Reliant India) initiative.
• These include two 62T Bollard Pull Tugs for Adani Harbor Services and a 70T Bollard Pull Tug for Polestar Maritime, all designed and built to meet India’s government-approved tugboat standards.
• UCSL has secured repeat orders for four additional 70T Bollard Pull Tugs from these satisfied customers.

This latest contract signifies UCSL’s growing prominence in the global shipbuilding industry and its commitment to constructing environmentally friendly vessels.

About Cochin Shipyard Limited

Incorporated in the year 1972, Cochin Shipyard Limited(CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.