Cochin Shipyard Signs Contract With IWAI For Ten Ro-Ro Vessels
Cochin Shipyard Limited and Inland Waterways Authority of India has signed a contract for roll-on-roll-off (Ro-Ro) vessels. The contract, which entails design, construction and supply of Ten Ro-PAX and Ro-Ro Vessels, is worth INR 1.02 billion (USD 15 mln) plus taxes. These vessels which are capable of carrying Trucks, vehicles etc. and with sitting passengers will be deployed in various strategic locations in National Water Ways 1, 2 and 3. The vessels are conceptualized and fully designed by CSL. They are built to standards under the rules of Indian Register of Shipping.
Indian Ports Cargo Traffic Up 3.46%
Major ports in India have recorded a growth of 3.46% and together handled 439.66 Million Tonnes of cargo during the period April to November, 2017 as against 424.96 Million Tonnes handled during the corresponding period of previous year. For the period from April- November 2017, nine Ports (Kolkata (including Haldia), Paradip, Visakhapatnam, Chennai, Cochin, New Mangalore, Mumbai, JNPT and Kandla) have registered positive growth in traffic. The highest growth was registered by Cochin Port (17.93%), followed by Paradip (13.13%), Kolkata [incl.
International Ship Repair Facility at Cochin Shipyard
The Minister of Shipping in India, Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project. The International Ship Repair facility will be a State of the Art facility that can handle a major chunk of small and medium sized vessels plying in India.
India, Ukraine to Partner in Shipbuilding
A Ukrainian delegation led by its Deputy Minister of Economic Development and Trade Ms. Nataliya Mykolska, met Secretary, Ministry of Shipping Shri Ravikant in New Delhi to discuss the potential for developing sustainable partnership between the two countries in the area of shipbuilding. Giving an overview of ship building industry in their country, the Ukrainian delegation invited senior officials of the Ministry of Shipping to visit Odessa and Kiev to study the logistic chain and shipbuilding yards in particular.
India Government Sops for Ship-Repairing Facilities
In order to promote ship building and ship-repair industry in India, the government has formulated a policy of financial assistance for shipbuilding for a period of ten years for contracts signed between 1st April, 2016 and 31st March, 2026. The Financial assistance at the rate of 20% of the contractual price of a vessel, fair price, or actual payments received by the shipyard is payable after delivery of the vessel and as per the guidelines issued by the Ministry of Shipping. There are 18 major ship-repairing facilities on western coast and seven on eastern coast at present in the country.
India Seeks Merchant Banks for Cochin Shipyard IPO
Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO). The listing will involve the sale of some 33.98m shares, of which 22.66m will be primary and 11.33m secondary shares offered by the country, which wants to offload a 10% stake. Cochin Shipyard had a paid up share capital of Rs1.13bn ($16.65m) and a net worth of Rs15.61bn. "The proposed IPO will see the government reduce its stake in the company by 10%.
India Boosts Shipping Industry
The Expansion, modernization and upgradation of shipping infrastructure in India is an on-going process to keep the ports abreast with new technologies and also to promote trade and cargo. The Government is committed to provide best possible infrastructure facilities to Indian shipping industry. Cochin Shipyard Limited, a Central Public Sector Enterprise under the administrative control of Ministry of Shipping has a shipbuilding capacity of 1,10,000 DWT and ship-repair capacity of 1,25,000 DWT to cater to the needs of the shipping industry.
Maritime India Summit Attracts $12.5 billion Investment
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland Waterways Authority of India etc. Some of the major Indian companies who have signed agreements include the Adanis, Jindal, Vedanta, ESSAR, and Shapoorji Pallonji Company.
Cochin Shipyard, Samsung Heavy Pact for LNG Ship Project
Cochin Shipyard Limited (CSL) has signed a memorandum of understanding (MoU) with South Koreas second-largest shipbuilder, Samsung Heavy Industries (SHI) to team up to bid for the GAIL (India) Ltd tender to build liquefied natural gas (LNG) ships. GAIL needs nine LNG carriers to haul natural gas from the US to India beginning December 2017. With this, Cochin Shipyard becomes the second local yard to secure a technology tie-up for LNG ships from one of the three top shipbuilders in South Korea, the world’s top shipbuilding nation.
Cochin Shipyard Delivers 2 RoRo Vessels
The Cochin Shipyard Limited in India delivered two RoRo vessels to the Kochi Municipal Corporation (KMC), Press Trust of India reported. The vessels with modern equipment are expected to provide a great relief to the transportation problems in Kochi, the report said quoting company officials. With a length of 27 metres and 8.25 metres breadth, the vessels can achieve speeds of six knots, it said. The vessels are provided with ramps on either side, both in the forward and aft, eliminating the need for reverse parking of the vehicles on the ferry.
India Govt, Cochin Shipyard Pact on FY17 Growth Targets
Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU) with the government of India for the ongoing fiscal under which targets agreed are in line with aggressive growth plans of the public sector firm. "CSL has signed a MoU with the Government of India for the financial year 2016-17," Ministry of Shipping said in a statement. The Memorandum of Understanding was signed by Shri Rajive Kumar, Secretary Shipping and Shri Madhu S Nair, Chairman & Managing Director, Cochin Shipyard Limited, at New Delhi.
INS Vikramaditya 'Refit" for Sea
The aircraft carrier INS Vikramaditya has successfully completed its first routine maintenance, a 43-day short refit, at the Cochin Shipyard Ltd (CSL), and is at a high level of operational competence and preparedness. Rajesh Gopalakrishnan, General Manager (Ship Repair Division) at CSL said “Till INS Vikramaditya docked in Cochin Shipyard and water was pumped out of the dock and we had her sitting safely, there was a real concern on whether India could do it”. INS Vikramaditya is one of the biggest ships owned by India and ever to have docked in India till date.
India Signs MoUs With Foreign Countries for Building Ships and Ports
(i) Memorandum of Understanding between the Government of the Republic of India and the Islamic Republic of Iran over partnership of India in development plan of Chabahar Port, signed on 06 May, 2015. (ii) Memorandum of Understanding between the Ministry of Shipping of the Republic of India and the Ministry of Oceans and Fisheries of the Republic of Korea on Cooperation in the fields of Maritime Transport and Logistics, signed on 18 May, 2015. Scope of cooperation under the MoU, inter-alia, includes utilization, development and management of domestic and overseas ports.
Tax Sops for Indian Shipping Industry
In order to support the Indian shipping industry, the Government of India has exempted Customs and Excise Duty leviable on bunker fuels used in Indian flag vessels for transportation of mix of EXIM, domestic and empty containers between two or more ports in India. Government has brought in a uniform abatement of service tax for transportation of goods by rail, road and sea vessels. Indian shipping industry has been provided cargo support through Right of First Refusal (RoFR).
Cochin Shipyard Limited Developing New Dry-dock
A new large dry dock is considered essential for future growth of Cochin Shipyard (CSL), says the ministry of shipping, India. This dry dock will enable CSL to construct LNG ships, Large Naval vessels like the proposed second Indigenous Aircraft Carrier, Merchant vessels, like Cape size vessels, etc. The dry dock will also cater to repairs and upgradation of jack-up rigs, semi submersibles, etc. The estimated cost of the proposed new High Density dry dock is Rs. 1799 Crores ($265 million). The proposal has been approved by Cabinet Committee on Economic Affairs (CCEA) on 20th July, 2016.
Indian Shipyard Delivers PSV Sea Tantalus
Cochin Shipyard Limited (CSL) delivered the high specification Platform Supply Vessel (PSV) to PSV Holding Inc., Liberia. Sea Tantalus is a PSV 05L CD type, designed by Vard Group AS, Norway, and is classed by Det Norske Veritas (DNV). The vessel has been assigned the "Clean Design" notation by DNV signifying the highest levels of environmental compliance, and is the first ship built by CSL to be filled with a ballast water treatment plant. With dimensions of 82.2m x 17.00m x 7.60m this is a high-end diesel electric PSV equipped with four 1…
CSL to Supply 5 Ships to Shipping Corp, Signs Pact with IHC for Dredgers
Shipping Corporation of India Ltd (SCI) will buy five vessels from Cochin Shipyard Ltd (CSL) and issue tenders for buying two used liquefied petroleum gas (LPG) carriers as it looks to re-start ship purchases that were frozen after poor financial performance, according to a report in the Live Mint. Both are state-owned entities. CSL has also signed an agreement with Netherlands-based IHC BV to collaborate on constructing dredgers for the Indian market. Dredgers are specialized ships used to deepen and maintain the channel of harbours.
Rolls-Royce Wins Contract to Supply Water Jets for Indian Coast Guard
Rolls-Royce, the global power systems company, has won a contract from India’s Cochin Shipyard to supply 60 water jets for a new fleet of 20 Fast Patrol Vessels for the Indian Coast Guard. The contract will involve the supply of Rolls-Royce Kamewa 71S3np water jets (three per vessel), and associated equipment including a joystick control system which will enhance the manoeuvring capabilities of the vessels. The 50 metre long vessels, which are currently under construction, will reach speeds of 33 knots and will operate in Indian coastal waters and around island territories.
India's First Indigenous Aircraft Carrier INS Vikrant Undocked
India has undocked its first indigenously-built aircraft carrier INS Vikrant at a simple ceremony at Cochin Shipyard Limited (CSL) in Kochi, reports PTI. As of this week, the INS Vikrant, with a completed hull and internal structure, is free-floating and will go into static and dynamic trials soon. The ship, built at CSL, will undergo a series of fitment and trial processes before it is ready for propulsion and inducted into the Navy, CSL officials said. "A milestone crossed in shipbuilding IAC INS Vikrant undocked on completion of structural work at CSL…
Cochin Shipyard Delivers Second AHTS Craft
Cochin Shipyard Limited (CSL) delivered the AHTS, “SCI Kundan”, bearing the Hull No. The protocol documents of the ship were signed by Capt Devadas, Sr Vice President (Technical & Offshore Services) for Shipping Corporation of India, Mumbai and Mr P Vinayakumar, Director (Technical) on behalf of Cochin Shipyard. The function was attended by Cmde K Subramaniam, CMD, CSL and senior officials from CSL and SCI. The vessel is of AH03 type, designed by STX OSV, Norway (ex- Aker Yards) and is certified under dual class by American Bureau of Shipping & Indian Register of Shipping and is registered under the Indian flag. This 65.2 x 16.0 m vessel is a high end anchor handler with a capacity of 120 T Bollard pull…
India's Cochin Shipyard Delivers Fast Patrol Boat
Cochin Shipyard Limited (CSL) says it has delivered the third of the series of 20 Fast Patrol Vessels being built for the Indian Coast Guard. The vessel is named “ABHINAV” and will be operated by the Coast Guard station at Kochi. The first vessel was commissioned on 13th December 2013 and the second on 31 December 2013. Like its sister ships, “ ABHINAV” also can move very fast at a speed of 33 knots and will be very effective in supporting the Indian Coast Guard in its anti smuggling, anti piracy operations and fisheries protection and monitoring.