A signed shipbuilding contract between Cochin Shipyard Ltd and France’s CMA CGM covers six feeder container vessels of 1,700 TEU each. The company said the ships will be LNG-fuelled, with the first delivery scheduled in 36 months and the final vessel due within 64 months.
The order falls under Cochin Shipyard Ltd’s “mega” category, defined by the yard as contracts above Rs 2,000 crore. The shipbuilder had earlier executed a Letter of Intent (LOI) with the European customer in October 2025.
Separately, on 16 February, Cochin Shipyard Ltd stated that the Ministry of Defence declared it L1 in the tender to construct five Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value was cited at around Rs 5,000 crore.
On 30 January, Cochin Shipyard Ltd also reported an order from Polestar Maritime Limited for two Green Tugs rated at 60 t bollard pull under the Green Tug Transition Programme (GTTP) of the Ministry of Ports, Shipping and Waterways. Delivery is planned for August 2027 and September 2027.
The source text also referenced wider government measures, including announced incentives for shipbuilding, ship repair and civil aviation, and a reduction in basic customs duty on imported aircraft parts for MRO. It further noted that, on 12 February, the Defense Acquisition Council (DAC) cleared defence procurement proposals worth Rs 3.6 lakh crore, with the Indian Air Force accounting for nearly 90% of the outlay (Rs 3.2 lakh crore) via approval of 114 Rafale fighter jets, alongside other acquisitions.
