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.

"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."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..