Archive · 12 Sep 2026
Drydocks World and Cochin Shipyard Form Kochi Ship Repair JV
Drydocks World and Cochin Shipyard Limited are creating a new company together.
Each company will own half of it.
The new company will operate and expand a ship repair facility in Kochi.
The facility can work on many kinds of ships.
It will provide repairs, engineering, fabrication and other maritime services.
Cochin Shipyard brings local skills and workers.
Drydocks World brings international experience in complex ship repairs and offshore engineering.
The companies hope the project will attract ships and create skilled jobs.
Officials also hope it will make India a stronger maritime-services center.
Drydocks World and Cochin Shipyard Limited formed a 50:50 joint venture to operate and expand the International Ship Repair Facility in Kochi.
The venture will initially be funded through equity contributions, but its financial details were not disclosed.
The expanded facility will serve a wider range of Indian, regional and international vessels.
Planned services include ship repair, engineering, fabrication and allied maritime activities.
The companies and officials said the partnership could create skilled jobs, strengthen Kerala’s maritime ecosystem and improve India’s competitiveness.
- Who
- Drydocks World, a DP World company, and Cochin Shipyard Limited.
- What
- They formed a 50:50 joint venture to operate, consolidate and expand the International Ship Repair Facility in Kochi.
- When
- The agreement was signed on the sidelines of the BRICS Summit 2026; reports dated the announcement to Friday, September 11.
- Where
- The facility is in Kochi, Kerala, India, while the agreement was signed in Delhi.
- Why
- To expand ship repair and related maritime services, serve growing vessel demand, create economic opportunities and strengthen India’s maritime competitiveness.
- Ownership
- Drydocks World and Cochin Shipyard Limited will each hold a 50% stake.
- Facility
- International Ship Repair Facility in Kochi.
- Initial funding
- Equity contributions from both parties.
- Financial details
- The joint venture’s financial terms were not disclosed.
- Planned services
- Ship repair, engineering, fabrication and allied maritime services.
- Facility capabilities
- The ISRF has a ship lift system and modern docking facilities for a wide range of vessels.
- Earlier agreement
- The venture formalizes a memorandum of understanding signed during India Maritime Week 2025.
