AsiaShipyards

Cochin Shipyard adding new drydock

Indian shipyard Cochin Shipyard has been given the greenlight by the Cabinet Committee for the construction of a new drydock within the existing facility to enhance shipbuilding capacity.

The total cost of the project will amount up to INR1799 crore ($267m).

According to a statement from India’s Ministry of Shipping, the project will increase the shipbuilding and ship repair capacity of yard and help it tap into the potential markets of specialized and hi-tech large vessels such as LNG vessels, jackup rigs, drillships, large dredgers and repairing of offshore platforms and larger vessels.

“There would be no financial outgo from the government on account of the construction of new dry dock as the expenditure will be funded through internal and extra budgetary resources of CSL and the funding requirements are fully tied up,” the statement said.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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