Cochin Shipyard Share Price Today: PSU Completes Order For Norwegian Shipping Firm - See Details

Udupi Cochin Shipyard, a wholly-owned subsidiary of Cochin Shipyard Ltd on Wednesday announced the launch of a series of Six 3800 TDW general cargo vessels being built for Norwegian firm Wilson ASA.

The company said that the vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair.

Features Of The Vessels

The diesel-electric vessels are constructed in an environment-friendly way for the transport of general cargo in coastal European waters. they have a length of 89.43 metres, 13.2 metres breadth with a draft of 4.2 metres and have been designed by Conoship International of the Netherlands, Cochin Shipyard added.

The launch comes on the back of CSL group's commitment to the "Atmanirbhar Bharat" initiative, as well as the "Make-in-India" and "Make for the World" programmes of the central government, it said.

About Wilson ASA

Wilson ASA, is headquartered in Bergen, Norway and is a major short sea fleet operator in Europe and transports approximately 15 million tonnes of dry cargo across the continent.

Additionally, the firm operates a fleet of around 130 vessels that range from 1500 to 8500 DWT and has signed a follow-on order of 8 of these vessels in two batches, one in June and the other in September, which totals to 14 vessels, according to CSL.

CSL stated that the projects are in various stages of construction.

"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. 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," said Cochin Shipyard's Chairman and MD Madhu S Nair.

The shares of Cochin Shipyard Ltd were down by 2.31 per cent today and closed at Rs 1,573.75 per share today.