Wedoany.com Report-Oct. 14, Cochin Shipyard Ltd (CSL), a leading Indian shipbuilding company, announced on October 14 that it has secured a significant contract from a prominent European client to design and construct six feeder container vessels. The agreement marks a key milestone in CSL’s expansion into sustainable maritime solutions.

Each vessel will have a capacity of approximately 1,700 twenty-foot equivalent units (TEUs) and will be powered by liquefied natural gas (LNG), aligning with global efforts to reduce emissions in the shipping industry. The use of LNG as a fuel source reflects the industry’s shift toward cleaner energy alternatives, enhancing environmental sustainability for maritime transport.

A letter of intent (LOI) was signed on October 14, formalizing the agreement between CSL and the European client. The company noted that a detailed shipbuilding contract, outlining technical and commercial terms, will be finalized in the coming period. According to CSL’s project classification, the order is valued at over Rs 2,000 crore, underscoring its significance to the company’s portfolio.

The project strengthens CSL’s position as a key player in the global shipbuilding market, particularly in the design and construction of eco-friendly vessels. The vessels are expected to serve regional shipping routes, facilitating efficient cargo transport while adhering to stringent environmental standards. This contract also highlights CSL’s capability to meet the demands of international clients with advanced, sustainable maritime solutions.

Based in Kochi, Kerala, CSL continues to expand its expertise in building high-quality vessels for diverse applications. The order for LNG-powered container ships demonstrates the company’s commitment to innovation and its ability to deliver complex projects for prominent global clients. The adoption of LNG technology in these vessels supports reduced carbon emissions, aligning with the maritime industry’s sustainability goals.

The agreement is poised to contribute to economic growth in India by leveraging CSL’s advanced shipbuilding capabilities. The project will likely create job opportunities and bolster the local supply chain, reinforcing Kochi’s role as a hub for maritime manufacturing. Additionally, the collaboration with a European client enhances India’s presence in the international shipbuilding market, fostering long-term partnerships.

As CSL prepares to finalize the shipbuilding contract, the focus will remain on delivering vessels that meet high standards of efficiency and environmental performance. This order not only strengthens CSL’s order book but also positions the company as a leader in providing sustainable solutions for the global shipping industry, contributing to cleaner and more efficient maritime transport.