Cochin Shipyard and Drydocks World to Develop Ship Repair Clusters

14 May 2025 CW Team

Building on the Memorandum of Understanding (MoU) signed last month in Mumbai during the visit of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, the partnership aims to bring global best practices to India’s maritime sector and expand capacity in line with the country's national goals.

The MoU was signed in the presence of His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Madhu S Nair, Chairman & Managing Director of Cochin Shipyard.

A high-level delegation from Drydocks World, led by Chief Executive Officer, Captain Rado Antolovic, visited CSL over two days from May 1 to 2, to discuss next steps. The team toured CSL’s Main Yard, the newly commissioned 310 metre Dry Dock, the International Ship Repair Facility (ISRF), and the Marine Engineering Training Institute in Kochi.

Madhu S Nair said: “We are happy to host the CEO and top leadership of Drydocks World at Cochin Shipyard. Their visit marks an important step in strengthening our collaboration under the MoU signed between us and we look forward to working together to unlock new opportunities in the ship repair domain."

Captain Rado Antolovic said, "We are pleased to strengthen our collaboration with Cochin Shipyard Limited to support the growth of India’s maritime industry. By combining our global expertise with CSL’s local strength, we are laying the foundation for a world-class ship repair and offshore fabrication ecosystem in India. This is a long-term commitment to foster innovation, generate skilled employment, and contribute to India’s vision for a self-reliant and globally competitive maritime sector by 2030 and beyond."

In-depth discussions with CSL’s senior leadership, led by CMD Madhu S Nair, focused on operationalising the MoU and identifying both immediate and long-term opportunities. The two sides aim to commence joint work at the ISRF in Kochi as a first step, with plans to expand collaboration across India.

The partnership is set to play a pivotal role in developing a world-class ship repair ecosystem to serve both domestic and international fleets. It will also bolster India’s offshore fabrication capabilities and support marine engineering training and skilling initiatives.

These efforts align with the Government of India’s Maritime India Vision 2030 and Amrit Kaal Vision 2047, which seek to position India as a global maritime hub with modern infrastructure, advanced technology, and a skilled workforce.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Cochin Shipyard (CSL), a Public Sector Enterprise under the Ministry of Ports, Shipping and Waterways, Government of India, and Drydocks World, a DP World company, are strengthening their collaboration to boost India’s ship repair and offshore fabrication capabilities.Building on the Memorandum of Understanding (MoU) signed last month in Mumbai during the visit of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, the partnership aims to bring global best practices to India’s maritime sector and expand capacity in line with the country's national goals.The MoU was signed in the presence of His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Madhu S Nair, Chairman & Managing Director of Cochin Shipyard.A high-level delegation from Drydocks World, led by Chief Executive Officer, Captain Rado Antolovic, visited CSL over two days from May 1 to 2, to discuss next steps. The team toured CSL’s Main Yard, the newly commissioned 310 metre Dry Dock, the International Ship Repair Facility (ISRF), and the Marine Engineering Training Institute in Kochi.Madhu S Nair said: “We are happy to host the CEO and top leadership of Drydocks World at Cochin Shipyard. Their visit marks an important step in strengthening our collaboration under the MoU signed between us and we look forward to working together to unlock new opportunities in the ship repair domain.Captain Rado Antolovic said, We are pleased to strengthen our collaboration with Cochin Shipyard Limited to support the growth of India’s maritime industry. By combining our global expertise with CSL’s local strength, we are laying the foundation for a world-class ship repair and offshore fabrication ecosystem in India. This is a long-term commitment to foster innovation, generate skilled employment, and contribute to India’s vision for a self-reliant and globally competitive maritime sector by 2030 and beyond.In-depth discussions with CSL’s senior leadership, led by CMD Madhu S Nair, focused on operationalising the MoU and identifying both immediate and long-term opportunities. The two sides aim to commence joint work at the ISRF in Kochi as a first step, with plans to expand collaboration across India.The partnership is set to play a pivotal role in developing a world-class ship repair ecosystem to serve both domestic and international fleets. It will also bolster India’s offshore fabrication capabilities and support marine engineering training and skilling initiatives.These efforts align with the Government of India’s Maritime India Vision 2030 and Amrit Kaal Vision 2047, which seek to position India as a global maritime hub with modern infrastructure, advanced technology, and a skilled workforce.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..