23 hrs ago
Cochin Shipyard Secures Orders for More Than 40 Ships
Cochin Shipyard in India has been asked to build more than 40 ships for customers from other countries.
The shipping minister said the orders show that more people trust Indian shipbuilders.
The government says it is trying to make shipbuilding easier in India.
Some Russian groups have also shown interest in working with Indian shipyards.
Saudi Arabia discussed investing in Indian ports and a maritime fund.
Belgium said it was willing to work with India on shipbuilding.
VOC Port and the Port of Antwerp agreed to work together on training for greener shipping and fuels.
Shipping Minister Sarbananda Sonowal said Cochin Shipyard has orders to build more than 40 ships for foreign customers.
The orders include customers from the United States, Germany and Norway; a ministry official said some Russian entities have also shown interest in partnering with Indian shipyards.
Sonowal said the government is working to create a supportive environment for shipbuilding and attributed the orders to growing confidence in Indian shipbuilders.
Saudi Arabia discussed potential investment in Indian port projects and the Maritime Development Fund, while Belgium expressed willingness to cooperate with India on shipbuilding.
VOC Port signed an agreement with the Port of Antwerp for training in green shipping and green fuels.
- Who
- Cochin Shipyard Limited, Shipping Minister Sarbananda Sonowal, and foreign customers and partners.
- What
- Cochin Shipyard received orders to build more than 40 ships; officials also discussed international cooperation on ports, shipbuilding and green shipping.
- Where
- The ship orders are for Cochin Shipyard in India; related discussions included Indian port projects and the Port of Antwerp.
- When
- Sonowal announced the ship orders on Thursday during the 3rd Sagarmanthan - The Ocean Dialogue.
- Why
- Sonowal said the orders reflect international confidence in the quality and capacity of Indian shipbuilding.
Government and industry perspective
Alternative perspective
Significance of foreign ship orders
Government and industry perspective
Sonowal said the orders reflect global confidence in Indian shipbuilding quality and capacity.
Alternative perspective
The articles provide no opposing assessment of the orders or their significance.
Key facts
- Ship orders
- More than 40 ships for Cochin Shipyard
- Named customer countries
- United States, Germany and Norway
- Additional interest
- Some Russian entities have shown interest in shipbuilding collaboration with Indian shipyards
- Saudi Arabia discussions
- Potential participation in Vadhavan and Galathea Bay port projects, and interest in the Maritime Development Fund
- Green shipping agreement
- VOC Port and the Port of Antwerp agreed on training in green shipping and green fuel
- Indian port capacity
- Rose from 1,561 to 2,817 MTPA over the last twelve years
- Container vessel turnaround
- Median time fell from 35 to 23 hours over the last twelve years
Quotes
Sarbananda Sonowal
India’s Shipping Minister
“Most of the orders we are receiving for shipbuilding are for Cochin Shipyard Limited (CSL) from foreign countries like Germany, America, and Norway. So far, we have received orders for more than 40 ships.”
CNBC TV 18
“That is the reason why we are getting this number of orders, and this reflects how India could generate confidence about its quality production, about its capacity building.”
CNBC TV 18
Sources
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