Cochin Shipyard signs agreement with US Navy
PORTS & SHIPPING

Cochin Shipyard signs agreement with US Navy

Cochin Shipyard (CSL), a fully-owned govt company in Kochi which undertakes the manufacturing and repair of ships, has inked an agreement with the US Navy to repair its vessels. The US Navy has entered into a master shipyard repair agreement (MSRA) with CSL a...

Cochin Shipyard (CSL), a fully-owned govt company in Kochi which undertakes the manufacturing and repair of ships, has inked an agreement with the US Navy to repair its vessels. The US Navy has entered into a master shipyard repair agreement (MSRA) with CSL and the pact will help US Navy vessels in the Indian Ocean region to dock at CSL for repair works. CSL has been qualified for entering into MSRA after a detailed evaluation process and capability assessment by the US Navy – Military Sealift Command. The deal assumes significance as US Navy ships will now get access to an Indian port.Contact: Cochin ShipyardWebsite: www.cochinshipyard.in

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Infrastructure Transport

Gujarat, Tamil Nadu to establish hydrogen hubs at ports

India's momentum in introducing hydrogen as a fuel has been bolstered by the upcoming development of hydrogen hubs at the VO Chidambaranar (VOC) Port in Tamil Nadu and the Deendayal Port in Gujarat.

The shipping ministry has instructed these two ports to procure hydrogen-powered "green tug" boats, which are used to guide large ships into berths. They further added that the Cochin Shipyard is making significant progress in creating green tugs that operate on hydrogen.

As per a senior official familiar with the development, the Jawaharlal Nehru Port, Paradip Port, VOC Port, an..

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Infrastructure Urban

Cochin Shipyard awarded contract by Indian Navy, declared as L1 bidder

Cochin Shipyard Limited (CSL) has received communication from the Ministry of Defence, announcing that it has been declared as the L1 (lowest) bidder by the Indian Navy for the MR/Mid Life Upgrade of an Indian Naval Ship. The final contract will be executed in the appropriate timeframe. The estimated value of the contract is approximately Rs 3 billion, with an expected duration of around 24 months.

As of the latest trading session, shares of Cochin Shipyard Limited were trading on the Bombay Stock Exchange (BSE) at Rs 540.30, slightly lower than the previous closi..

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Infrastructure Transport

India’s first water metro project in Kochi to begin in July 2022

The country’s first water metro project Kochi Water Metro, linking ten islands surrounding the port city Kochi will begin on a pilot basis in July 2022.

The integrated ferry transport project in the Greater Kochi region is presented by Kochi Metro Rail Limited (KMRL).

It will be a socially inclusive transport system with an elite touch with an affordable label. Trial runs have already begun, and main terminal work has been completed. Kochi Water Metro, a subsidiary of Kochi Metro Rail Ltd, has streamlined 15 routes that cover 75 km, and the Cochin Shipyard Ltd is creating ..

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Infrastructure Transport

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..

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Infrastructure Transport

Chabahar unveils India's infrastructure strategy

The centrepiece of the Narendra Modi government's agenda is the construction of an extensive network of roads, highways, tunnels, bridges, airports, metros, and high-speed trains. However, one crucial aspect of Modi's ambitious infrastructure overhaul remains hidden from the view of voters.

Last week, The Economist pointed out that while most Indians may not directly engage with certain sectors, such as ports, these areas undergo significant transformations that impact their lives. The magazine noted substantial enhancements in the capacity and efficiency of ports, illustrating a deep..

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