Cochin Shipyard's arm wins Rs 1,100-crore order from Norway's Wilson ASA

UCSL has also received further orders of four 70T Bollard Pull Tugs as repeat orders from Ocean Sparkle Limited (three) and Polestar Maritime Limited (one).

Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of India’s leading shipyard, Cochin Shipyard Limited (CSL), on 28 June said that the company got an order from Wilson ASA, Norway, for Design and Construction of 4 nos. of 6300 TDW dry cargo vessels.

According to the company, the agreement has also been entered into for an additional 4 vessels of the same type which will be
formally contracted within September 19, 2024. This is a follow-up order in continuation of the contract awarded in June 2023 for design and construction of six 3800 TDW dry cargo vessels, which are now at advanced construction levels at the Udupi, Karnataka yard.

"The vessel is of 100 meters length and has a deadweight of 6300 metric tonnes at a design draft of 6.5 metres. The vessels shall be designed by Conoship International, Netherlands and shall be constructed as an environment friendly diesel electric vessel for the transport of general cargo in the coastal waters of Europe. The overall project of 8 vessels is
worth about Rs 1,100 crores and is to be executed within September 2028," according to a spokesperson of the company.

Wilson ASA, a company headquartered in Bergen, Norway, is the leading short sea fleet operator in Europe and transports about 15 million tonnes dry cargo across Europe. The company operates a fleet of around 130 vessels ranging from 1500 to 8500 DWT.

UCSL has also received further orders of four 70T Bollard Pull Tugs as repeat orders from Ocean Sparkle Limited (three) and Polestar Maritime Limited (one).

The shares of Cochin Shipyard Limited(CSL) closed at Rs 2,280 down by Rs 10.50(0.47%) on Friday.