Cochin Shipyard forms jv with Hooghly Dock

Cochin Shipyard forms jv with Hooghly Dock

Indian shipbuilding major Cochin Shipyard has incorporated a joint venture, Hooghly Cochin Shipyard, with Hooghly Dock & Port Engineering for the upgrade and modernisation of shipbuilding infrastructure at two shipyard sites in Salkia and Nazirgunge of Kolkata.

Cochin Shipyard and Hooghly Dock & Port Engineering will have 76% and 24% equity in the jv respectively.

Cochin Shipyard plans to upgrade Hooghly Dock’s infrastructure and use the yard for the construction of vessels for inland river transport.

In September, Cochin Shipyard announced plans to establish shipbuilding and repair facilities across India under its major expansion plan following the shipyard launched its IPO in August.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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