Cochin Shipyard is building two vessels for Cyprus Partners

28 May 2024 CW Team

This marks Pelagic Partners' inaugural order following its foray into the offshore wind segment with the establishment of the 'Pelagic Wind Fund,' its third fund. Additionally, Pelagic Partners has established Pelagic Wind Services (PWS) to serve as the exclusive commercial and technical manager for its offshore wind supply vessel fleet.

Norwegian company Kongsberg Maritime has secured a NOK 300 million contract from Pelagic Wind Services to provide advanced vessel design and equipment for the two new CSOVs being constructed at Cochin Shipyard. Kongsberg Maritime, a wholly-owned subsidiary of Kongsberg Gruppen, in which the Norwegian government holds a majority share, is renowned for its UT 5520 MH-design, which forms the basis for the purpose-built CSOVs.

The vessels, christened 'Pelagic Walu' and 'Pelagic Wahoo,' are anticipated to be delivered in 2025 and 2026, with optional vessels scheduled for 2026 and 2027. Designed for service operations during the commissioning and operation of offshore wind parks, these vessels boast advanced dynamic positioning systems and a wide operational window to optimise efficiency in challenging weather conditions.

Notably, the CSOVs are equipped with dual-fuel engines and hybrid propulsion systems, enabling zero-emission capabilities. The vessels prioritise environmental sustainability while providing superior onboard facilities, including accommodations comparable to high-end hotels, recreational amenities, motion-compensated walk-to-work gangways, and advanced software packages for decision support and forecasting.

Pelagic Partners anticipates positioning itself as a key player and trusted partner in the offshore wind industry through this venture. Meanwhile, Kongsberg Maritime has inaugurated a new facility in Kochi, underscoring its commitment to enhancing customer support and fostering strategic partnerships in line with India's 'Make in India' initiative. This move is seen as a positive step towards strengthening business ties between Norway and India, leveraging the expertise of Cochin Shipyard, and bolstering the maritime ecosystem in Kochi.

State-owned and Mumbai-listed Cochin Shipyard Ltd. is currently engaged in the construction of two zero-emission Commissioning Service Operation Vessels (CSOVs) for H.M. Pelagic Partners Ltd., a Cyprus-based alternative investment fund manager. This contract, valued at over ?350 million, also includes provisions for four optional ships. This marks Pelagic Partners' inaugural order following its foray into the offshore wind segment with the establishment of the 'Pelagic Wind Fund,' its third fund. Additionally, Pelagic Partners has established Pelagic Wind Services (PWS) to serve as the exclusive commercial and technical manager for its offshore wind supply vessel fleet. Norwegian company Kongsberg Maritime has secured a NOK 300 million contract from Pelagic Wind Services to provide advanced vessel design and equipment for the two new CSOVs being constructed at Cochin Shipyard. Kongsberg Maritime, a wholly-owned subsidiary of Kongsberg Gruppen, in which the Norwegian government holds a majority share, is renowned for its UT 5520 MH-design, which forms the basis for the purpose-built CSOVs. The vessels, christened 'Pelagic Walu' and 'Pelagic Wahoo,' are anticipated to be delivered in 2025 and 2026, with optional vessels scheduled for 2026 and 2027. Designed for service operations during the commissioning and operation of offshore wind parks, these vessels boast advanced dynamic positioning systems and a wide operational window to optimise efficiency in challenging weather conditions. Notably, the CSOVs are equipped with dual-fuel engines and hybrid propulsion systems, enabling zero-emission capabilities. The vessels prioritise environmental sustainability while providing superior onboard facilities, including accommodations comparable to high-end hotels, recreational amenities, motion-compensated walk-to-work gangways, and advanced software packages for decision support and forecasting. Pelagic Partners anticipates positioning itself as a key player and trusted partner in the offshore wind industry through this venture. Meanwhile, Kongsberg Maritime has inaugurated a new facility in Kochi, underscoring its commitment to enhancing customer support and fostering strategic partnerships in line with India's 'Make in India' initiative. This move is seen as a positive step towards strengthening business ties between Norway and India, leveraging the expertise of Cochin Shipyard, and bolstering the maritime ecosystem in Kochi.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..