Cochin Shipyard Secures Rs 580 Crore Order From A Norwegian Giant

Per a press release, Udupi Cochin Shipyard Limited, a subsidiary of Cochin Shipyard, received an international order worth 580 crores from a Norway-based client.

Wilson Shipowning AS, Norway, has entrusted Cochin Shipyard with designing and constructing 6 new generation diesel-electric, 3800 DWT general cargo vessels.

Per reports, the agreement was signed with an option for eight more such vessels.

The ‘Future-Proof Dry Cargo Vessel’ designed by Conoship International, Netherlands, would be environment-friendly and diesel-electric.

It would be used for installing Wind foil units and battery hybrid systems and transporting general cargo in Europe’s inland and coastal waters.

Wilson Shipmanagement AS is based in Bergen, Norway. It transports approximately 15 million tons of dry cargo across Europe. The company has a short-sea fleet of 130 vessels.

Udupi Cochin Shipyard is also a prominent player in the offshore, harbour tugs and fishing vessel markets.

The 1st vessel of this 580 crore contract would be delivered by December 2024, and the remaining vessels would be delivered by March 2026, per reports.

References: cnbctv18, swarajyamag

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