Drydocks World, a DP World company, and Cochin Shipyard (CSL) have signed an Agreement of Heads of Terms to evaluate and develop India’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Cochin, Kerala. 

The MoU was exchanged in the presence of Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal and H.E. Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, between Captain Rado Antolovic, PhD, CEO, Drydocks World, and Madhu S Nair, Chairman and Managing Director, CSL, during India Maritime Week 2025 in Mumbai. 

Strategically located along major international shipping routes, the ISRF features a state-of-the-art ship lift system and modern docking facilities for a wide range of vessels. The collaboration will enable both organisations to explore cooperation models within the ship repair cluster ecosystem, driving future growth in India’s maritime capabilities and reinforcing its position as an emerging global maritime hub. 

Captain Rado Antolovic, PhD, CEO, Drydocks World, said: “Our partnership with Cochin Shipyard marks another milestone in DP World’s commitment to strengthening India’s maritime infrastructure and competitiveness. By bringing together Drydocks World’s international expertise and CSL’s deep local experience, we are developing an advanced ship repair ecosystem built on efficiency, sustainability, and innovation. Together, we aim to make Cochin the region’s preferred destination for ship repair and maritime services, supporting India’s ambition to become a leading global maritime hub.” 

Madhu S Nair, Chairman and Managing Director, CSL, said: “This collaboration brings together two of the region’s most respected maritime organisations with a shared vision of excellence. Leveraging our complementary strengths, we aim to elevate India’s ship repair and maintenance standards to global benchmarks and position Cochin as a centre of excellence serving regional and international fleets.” 

The agreement aligns with the Maritime Amrit Kaal Vision 2047, which identifies Cochin as a key site for next-generation ship repair infrastructure. By combining CSL’s proven shipbuilding and repair expertise with Drydocks World’s global experience in vessel repair, major conversions, and offshore EPC, the partnership aims to create a modern, globally competitive ecosystem that enhances local capability and employment.