A subsidiary of shipbuilder Miniratna Company, Cochin Shipyard, has secured an international order worth about Rs 580 crore from a Norwegian giant on Thursday.
Wilson Shipowning AS, Norway, has awarded Udipi Cochin Shipyard Limited, a wholly owned subsidiary of Cochin Shipyard, a contract for the design and construction of six new generation 3800 DWT (deadweight) diesel-electric general cargo vessels, with an option for a further eight vessels .
According to Cochin Shipyard, the “Future Proof Dry Cargo Vessel” will be modeled after an environmentally friendly diesel-electric vessel that will be used to install wind-foil units and battery hybrid systems, and to transport general cargo in Europe’s inland and coastal seas.
The project is costing around Rs 580 crore with the first ship to be delivered by December 2024 followed by deliveries by March 2026.
Cochin Shipyard Limited shares rose as much as 3.2% in afternoon trade. The shares closed at Rs.557.60 on the NSE, up 1.58% from the previous day’s close.