French shipping giant CMA CGM has signed a letter of intent with Cochin Shipyard Ltd (CSL) in India to construct six liquefied natural gas (LNG)-powered feeder containerships, marking a milestone as one of the first major global liner orders placed with an Indian shipyard.
The vessels, each with a capacity of around 1,700 TEU, are scheduled for delivery between 2029 and 2031. South Korea’s HD Hyundai Heavy Industries is expected to provide technical support, underscoring a multinational collaboration to enhance design and efficiency standards.
This move reflects CMA CGM’s strategic ambition to diversify its shipbuilding footprint beyond the traditional centers of South Korea and China, strengthening its supply chain resilience amid shifting global trade dynamics. The decision also aligns with the company’s broader commitment to decarbonization, as the LNG propulsion system significantly reduces emissions compared to conventional fuels.
For India, the contract represents a major step forward in its emergence as a competitive global shipbuilding hub. The deal, valued at approximately USD 300 million, is considered a breakthrough for Cochin Shipyard, which has been expanding its capabilities in constructing high-technology commercial vessels.
CMA CGM’s chairman and CEO Rodolphe Saadé noted that the group views India as a growing strategic partner capable of delivering high-quality ships at competitive costs. The order reinforces CMA CGM’s intent to develop new production bases in regions aligned with its long-term sustainability and localization goals.
The six new feeder vessels will support CMA CGM’s regional and short-sea logistics network, enhancing connectivity across Asia and the Middle East. Once delivered, they are expected to operate on routes connecting India, Southeast Asia, and the Gulf, contributing to the company’s greener regional fleet transition.
The deal marks a significant confidence boost for India’s shipbuilding sector and signals a potential shift in global vessel procurement trends toward a more diversified industrial base.
