India’s Udupi Cochin Shipyard Receives 1100 Crore Order For 8 Dry Cargo Ships From Wilson ASA

Wilson ASA, based in Bergen, Norway has entered into an agreement worth 1100 crores, with a leading shipyard in India, the CSL or Cochin Shipyard Limited, for the construction and designing of eight dry cargo ships of 6300 tonne each.

Udupi Cochin Shipyard Limited, a subsidiary of CSL has received the order for the vessels, which are to be delivered by 2028.

It is a follow-up order which is in continuation of the deal signed in 2023 for designing and constructing 6 dry cargo vessels, each being 3800 tonnes. These ships are almost reaching their completion stage at Udupi yard in India’s Karnataka.

The eight ships will be designed by Conoship International as sustainable diesel-electric ships for the transportation of general cargo in Europe’s coastal waters.

Wilson ASA has approximately 130 ships in its fleet ranging from 1500 to 8500 tonnes, shipping about 15 million tonnes of dry cargo across Europe.

Udupi Cochin Shipyard has also received orders for 4 bollard pull tugs from Ocean Sparkle Limited.

Ship Owners in Europe are placing orders with Indian Shipyards to replace their old coastal ships as environmental regulations are becoming stricter in Europe.

References: Economic Times, Money Control

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