India’s Udupi Cochin Shipyard Receives 1100 Crore Order 

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Wilson ASA, based in Bergen, Norway has entered into an agreement worth 1100 crores, with a leading shipyard in India, the CSL or Cochin Shipyard Limited, for the construction and designing of eight dry cargo ships of 6300 tonne each.

Udupi Cochin Shipyard Limited, a subsidiary of CSL has received the order for the vessels, which are to be delivered by 2028.

Follow up order

It is a follow-up order which is in continuation of the deal signed in 2023 for designing and constructing 6 dry cargo vessels, each being 3800 tonnes. These ships are almost reaching their completion stage at Udupi yard in India’s Karnataka.

Ship Owners in Europe are placing orders with Indian Shipyards to replace their old coastal ships as environmental regulations are becoming stricter in Europe.

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Source: Marine Insight