Cochin Shipyard Limited (CSL) Secures $360 Million Contract from CMA CGM Group

Key facts

• Cochin Shipyard Limited (CSL) has signed an international shipbuilding contract worth approximately $360 million (around ₹3,267 crore) with the France-based CMA CGM Group.
• Under the agreement, CSL will construct and deliver six Liquefied Natural Gas (LNG)-powered container vessels.
• Each vessel will have a capacity of 1,700 Twenty-foot Equivalent Units (TEUs) and is estimated to cost approximately $60 million.
• The vessels will be designed by Korea Maritime Consultants Co., Ltd. (KOMAC) and manufactured at the CSL facility in Kerala.
• The first vessel is expected to be delivered by February 2029, with a subsequent delivery target of two vessels per year.
• This contract has increased the total order book of CSL to approximately ₹23,000 crore.
• The supply agreement was signed in the presence of Shantanu Thakur, Minister of State at the Ministry of Ports, Shipping, and Waterways.