India’s largest state-run shipbuilder Cochin Shipyard will start construction of a new dry dock this week as it looks to expand its shipbuilding capacity to cater for potential demand for higher specification vessel construction and repair.
The new dry dock, which will be the shipyard’s third, will help Cochin Shipyard diversify its product portfolio to build larger and technology intensive vessels such as LNG vessels, jackup rigs, drillships and dredgers.
It will be equipped with one 600 ton gantry crane, two LLTT cranes each with a capacity of 75 tons with an option to add another 600-ton gantry crane at a later stage.
Cochin Shipyard launched its IPO in August last year and planned to use part of the proceeds for the construction of a new dry dock and an international ship repair facility.
