Cochin Shipyard's Arm Wins Rs 1,100 Crore Contract From A Nordic Shipping Company

Udupi Cochin Shipyard Ltd., a subsidiary of Cochin Shipyard Ltd., secured a contract worth Rs 1,100 crore for the design and construction of dry cargo vessels for Wilson ASA, a short-sea liner shipping company based in Norway.

The contract has been signed for four dry cargo vessels, and four more at the same time will be formally contracted by Sept. 19, the company said in an exchange filing.

"The overall project of eight vessels is worth about Rs 1,100 crore and is to be executed within September 2028," the filing said.

This contract is a follow-up order in continuation of a contract awarded in June 2023 for the similar design and construction of six 3800 TDW Dry Cargo Ships that are currently in advanced stages of construction at a shipyard in Udupi, Karnataka.

"The vessel is 100 metres long and has a deadweight of 6300 metric tonnes at a design draft of 6.5 metres. The vessels shall be designed by Conoship International, Netherlands, and shall be constructed as an environmentally friendly diesel-electric vessel for the transport of general cargo in the coastal waters of Europe," the release said, regarding the vessels.