Cochin Shipyard Suspends Operations Due to COVID-19
India's Cochin Shipyard Ltd. (CSL) said it has suspended shipbuilding and repair operations amid the coronavirus pandemic. It said "essential services' would continue.Seven people have died and more than 400 have tested positive for COVID-19 in India, according to the health ministry, with more than 80 cities and districts placed under lockdown.The full statement from the shipbuilder is below: In pursuance of the instructions of instructions of Govt of India dated 22 March 22…
CSL Launches Passenger/Cargo Ship for Andaman
Cochin Shipyard Ltd, the largest shipbuilding and maintenance facility in India, launched passenger/cargo ship for Andaman & Nicobar (A&N) Administration.The vessel is designed as a modern high-quality passenger vessel with electric propulsion suitable for carrying 1,200 passengers and 1,000 tonnes of cargo for “all-weather” operation on the mainland-to-A&N route.The ship is built to the highest standards of the Indian Register of Shipping and Lloyds Register of Shipping overseen…
MacGregor Bags Cochin Shipyard Project
Cargotec's maritime cargo and load handling unit MacGregor secured a turnkey contract to deliver 4 shipsets of weather deck hydraulic operated folding hatch covers for 8000 dwt coal carriers.As per the contract, the company will design and key components, fabrication and transportation of hatch covers as well as commissioning of the complete system at Cochin shipyard Ltd (CSL), the largest shipbuilding and maintenance facility in India.The orders will be booked into Cargotec's…
IWAI Orders Six Methanol-Fuelled Vessels
The Inland Waterways Authority of India (IWAI) has planned to retrofit its work boats with green fuel and also placed orders with Cochin Shipyard Ltd (CSL) for procuring six new vessels, based on methanol mix.CSL will get the work done by Hooghly Dock and Port Engineers Ltd (HDPEL) in Howrah, with which it has formed a joint venture, said sources.The PTI reported that IWAI has also planned to retrofit its work boats with green fuel.The shipyard has a tie-up with Sweden based company which is a leading entity in the use of methanol for marine fuel…
ABB Power and Automation for New Indian Ferries
ABB said it has signed a contract with India’s largest shipbuilding and maintenance facility, Cochin Shipyard Ltd, to deliver a first-ever integrated power and automation package to an Indian shipowner.ABB’s contract with Cochin Shipyard covers two new 1,200-passenger ferries, to be delivered to the Andaman & Nicobar Administration in 2020. In what’s said to be a first for a shipowner in India, these vessels will benefit from a full integration of their power generation, distribution and propulsion systems…
Cochin Shipyard Gets Contract for Three
Cochin Shipyard Ltd. signed an agreement with the government of Kerala for the construction of three marine ambulance boats for the fisheries department.
Fire on Ship Under Repair Kills 5 in India
A blast caused by a fire on a ship under repair at India's Cochin Shipyard Ltd killed five people on Tuesday, and injured around 11, a company spokeswoman said, prompting the government to call for a quick enquiry. The spokeswoman said smoke hampered rescue operations initially and that an investigation would be launched soon. The ship belongs to the country's top energy explorer, Oil and Natural Gas Corp Ltd, she added. An ONGC official said the ship was undergoing maintenance at state-run Cochin Shipyard on the country's southwest coast. The blast took place inside the water tank, said M.P. Dinesh, a senior police official in the southern state of Kerala where the shipyard is located.
A Sea Change for Shipbuilding
When it comes to shipbuilding, the numbers are staggering: hundreds of millions of parts in one aircraft carrier. Billions of dollars proposed for Naval fleet development in the latest NDAA. Hundreds of thousands of private sector jobs in the U.S. alone. A 2015 MARAD report, for example, pegged the total economic impact associate with the industry at 400,000 jobs, $25 billion in labor income, and 37 billion in GDP (based on data from 2013). When the financing, jobs, technological developments and supply chain trade dedicated to shipbuilding around the world are added in…
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.
Cochin Shipyard Spreads its Wings
After successfully completing its initial public offer (IPO) recently, India's Cochin Shipyard Ltd (CSL) has lined up expansion projects. The IPO's proceeds will be utilised to fund these expansions. The PTI reported that CSL is now setting sail to newer shores as it looks to set up ship-building and repair facilities in Andaman and Nicobar, Gujarat, Kolkata and Mumbai. The report quoted Nitin Gadkari, Indian Shipping Minister, saying that the government is expanding Cochin Shipyard. CSL will have ship-building and repair facilities in Andaman and Nicobar, Gujarat and Mumbai.
Technology Drives Growth of India’s Major Ports
Technological advancement for modernization of major ports and reforms for enhancing ease of doing business are driving and sustaining the growth trend line at India’s major ports. The country’s 12 major ports together handled 273.96 Million Tonnes of cargo between April to August, 2017 as against 265.31 Million Tonnes handled during the corresponding period of previous year, an overall growth of 3.26%. Seven Ports (Kolkata, Paradip, Chennai, Cochin, New Mangalore, Mumbai and JNPT) registered positive growth in traffic during the period April to August 2017.
Cochin Shipyard Shares Jump After $225 mln IPO
Shares in India's Cochin Shipyard Ltd rose more than 20 percent on their trading debut on Friday after the state-run company's 14.42 billion rupees ($224.7 million) initial public offering. The stock was trading at 528.15 rupees by 0432 GMT, 22.25 percent higher than its IPO issue price of 432 rupees. Retail investors were issued shares at a discounted price of 411 rupees. The shipbuilder, which also repairs ships, had seen strong investor interest in the IPO with the sale last week being subscribed more than 76 times. Reporting by Swati Bhat and Devidutta Tripathy
Cochin Shipyard's $231 Mln IPO Subscribed Over 76 Times
Cochin Shipyard Ltd's initial public offering, which aims to raise up to 14.68 billion rupees ($231 million), was subscribed more than 76 times on the last day of the sale on Thursday, indicating strong interest in the state-run shipbuilder. Investors bid for about 2.59 billion shares, compared with nearly 34 million shares on offer, data from stock exchanges showed as of 0130 GMT. The company, which also repairs ships, was selling about 22.7 million new shares in the price range of 424 rupees to 432 rupees apiece, while the Indian government was selling about 11.3 million shares in the company. SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities are the lead banks managing the IPO. The stock is set to make its trading debut on or around Aug. 11.
Cochin Shipyard Builds 4 Ships for Andaman & Nicobar
Government of India-controlled Cochin Shipyard Ltd is constructing four passenger-cum – cargo vessels for Andaman & Nicobar Administration under the ‘Make in India’ initiative of Government of India. As per orders placed by the A&N Administration, two of these vessels will have a capacity of 500 persons-cum-150 tonne cargo and the remaining two will have a capacity of 1200 persons-cum-1000 tonne cargo. These vessels will have state of the art facilities for passengers and comply with latest international/national rules and regulations.
VARD Selects Synapsis INS For an Advanced Research Vessel
The German navigation system integrator Raytheon Anschütz has won a contract for the supply of a Synapsis Integrated Navigation System (INS) to an advanced research vessel. VARD Holding Limited, a major global designer and shipbuilder of specialized vessels, with their subsidiary VARD Electro AS, have selected Raytheon Anschütz’ Synapsis INS for a new research vessel. The Synapsis INS is part of a large equipment and electrical installation package, which VARD Electro AS will provide to Cochin Shipyard Ltd.
India's Cochin Shipyard Gears up for IPO
Cochin Shipyard Ltd (CSL), India's largest public sector shipyard, has filed initial public offering (IPO)document with the market regulator Securities and Exchange Board of India (SEBI) to go public. The government approved a stake sale of up to 25 percent. Cochin Shipyard IPO will consist of 34 million shares to raise about INR 1,400-1,500 crore (USD 214 - 229 million). On completion of a successful IPO, CSL will become the first of five state-owned shipbuilding companies to be publicly listed. It has filed a draft red herring prospectus (DRHP) with SEBI.
Cochin Shipyard Eyes ABG
India's state-owned Cochin Shipyard Ltd (CSL) has started preliminary discussions to buy a controlling stake in debt-ridden ABG Shipyard Ltd, Livemint reported quoting un-named sources close to the development. Earlier, three suitors - Reliance Defence, Shapoorji Pallonji Group and the UK’s Liberty House - have shown interest in buying ABG, even as its lenders try to force the ship maker out of a debt recast mechanism and recover their dues. However, sources say that they have backed out one by one. Now that Shapoorji Pallonji and Co.
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.
Cochin Shipyard Gears Up for IPO
India’s biggest shipbuilder under state control, Cochin Shipyard Ltd (CSL) is looking to file documents for its initial public offering (IPO) with the markets regulator by the end of this month, reports Live Mint. According to sources, CSL is all set to file documents for its IPO of Rs 600 crores ($90 million) with the Securities and Exchange Board of India (SEBI). The plan is part of its effort to expand and construct larger vessels and also undertake ship repair and fabrication. In addition, the government will sell 10% of its stake through the IPO.
Wartsila India Signs Pact with CSL
Wartsila India, the Indian arm of Finland-based Wartsila Corporation, has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Ltd (CSL) for setting up a containerised self-sufficient workshop. As per the MOU, Wartsila plans to locate a containerised self-sufficient workshop within the premises of CSL to cater primarily to propeller blade metallurgical repairs and engine component repairs. Wartsila also plans to support CSL with comprehensive engine services, propulsion services and electrical and automation services based on the requirements, said a press release.
Cochin shipyard Plans it Big
The Cochin shipyard Ltd (CSL) has plans to develop a major hub of LNG-based ship building and repair facility that would generate about 3, 000 jobs in the State of Kerala, the Hindu quotes Madhu S. Nair, Chairman and Managing Director of Cochin Shipyard Ltd, as saying. Madhu said that the Indian maritime industry has been lagging behind the global trends due to lack of maritime engineering policies adopted by the sector. He said the Cochin shipyard is keenly looking forward to transforming into a viable ship repair centre.
Vard Electro Bags Contract in India
Vard Electro AS, a subsidiary of Vard Holdings Limited, has secured a new contract for the delivery of an equipment and electrical installation package to Cochin Shipyard Ltd. for a vessel under construction for the Government of India. Contracted by the yard in August 2015 and expected to become operational in 2018, the vessel with a length of approximately 120 meters will be equipped with several of VARD’s SeaQ products and systems. The contract includes engineering to support the shipyard in the approvals process, delivery of a SeaQ Electric Propulsion and Integrated Automation System (IAS) package, SeaQ Bridge systems, complete generator sets, and the complete electrical installation on board the vessel. The value of the contract is approximately 150 MNOK.
GTT Grants License to India's CSL
GTT grants a License Agreement to Cochin Shipyard Ltd. GTT (Gaztransport & Technigaz) announced it has granted a License Agreement to Cochin Shipyard Ltd. (CSL) for the construction of LNG carriers using GTT's membrane containment systems. CSL, the first Indian shipyard to be licensed by GTT, received this license after completing the GTT qualification process including membrane tank mock-up installation. Commodore K Subramaniam, Chairman and Managing Director of CSL, declared, "Obtaining this technology has made a significant positive change to the technical competence and stature of this yard. Going forward, we feel that this technology would help the yard to tap the huge shipbuilding prospects in the LNG vessel segment.