Nair says shipyards building high-quality ships for Western market
Udupi Cochin Shipyard Limited, the wholly owned subsidiary of India’s leading shipyard – Cochin Shipyard Limited – is building six 3,800 TDW General Cargo Vessel for Wilson ASA, Norway, under the Government’s “Make in India” and “Make for the World” programs.
Bergen-headquartered Wilson ASA has further signed a follow-on order for eight 6,300 TDW Dry Cargo Vessels, as two batches in June 2024 and September 2024, totalling to 14 vessels.
The projects are under various stages of construction.
Wilson is a short sea fleet operator in Europe and transports about 15 million tonnes dry cargo across Europe deploying its 130 vessels ranging from 1,500 to 8,500 DWT.
Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, had the honors of launching the vessel, accompanied by Einar Tornes, Chief Financial Officer of Wilson ASA. The event was also graced by the presence of Madhu S. Nair, Chairman and Managing Director of Cochin Shipyard Limited; Bejoy Bhaskar, Director (Technical) at Cochin Shipyard; Harikumar A., Chief Executive Officer of Udupi-Cochin Shipyard Limited; and other senior personnel from the shipyard.
Since takeover of the Yard by Cochin Shipyard Limited, UCSL has successfully delivered two 62T Bollard Pull Tugs to Ocean Sparkle Limited, an Adani Harbor Services Limited Company and two 70T Bollard Pull Tug to Polestar Maritime Limited, UCSL has also received further orders of four 70T Bollard Pull Tugs as repeat orders from Ocean Sparkle Limited (three) and Polestar Maritime Limited (one) https://www.bseindia.com/.
“Udupi-Cochin Shipyard Ltd (UCSL) has established a strong foothold in the international shipbuilding market by building this finest vessel in collaboration with Conoship International for Wilson ASA,” said Madhu Nair https://www.nseindia.com/.
“Both Cochin Shipyard Limited and its subsidiary, Udupi Cochin Shipyard, continue to showcase their unwavering commitment to constructing high-quality ships for the Western European market.
“The repeat orders from existing clients of Udupi-CSL underscore the trust and confidence that customers place in the yard’s capabilities and excellence,” said Nair in a release on 17 Dec.
Udupi-Cochin Shipyard Limited, previously Tebma Shipyards Limited was taken over by Cochin Shipyard Limited in 2020 through an NCLT process, and the yard was turned around to a profit-making yard in a short period of 3 years.
Udupi-CSL today has an order book of more than Rs.1,500 crores and is the leading subsidiary of CSL. Fiinews.com
