Varya Tech, a supplier of marine equipment and services, has secured a contract to supply ballast water treatment systems (BWTS) from Techcross Inc., South Korea, for eight 6,300 DWT multi-purpose general cargo vessels under construction at Udupi Cochin Shipyard Ltd. in Malpe, Karnataka. The vessels are being built for Norwegian ship owner Wilson ASA, based on […]
Chowgule & Company Pvt. Ltd., a shipbuilding and infrastructure development ccompany, has commenced construction of the first of six Air Cushion Vehicles (ACVs) for the Indian Coast Guard (ICG) at its shipyard in Goa. The vessels are being built under a contract worth INR 3,874.4 million, signed with the Ministry of Defence on 24 October 2024. […]
Reliance Industries has increased its stake in Nauyaan Shipyard to 93.9 percent following a 9.9 percent acquisition by its wholly owned subsidiary, Nauyaan Trading. The additional shares were purchased from Welspun Corp for INR 547 million, according to a stock exchange filing. The transaction follows an earlier deal in March 2025, in which Reliance Strategic […]
Garden Reach Shipbuilders and Engineers (GRSE) Ltd launched the eighth and final Anti-Submarine Warfare Shallow Water Craft (ASW SWC) for the Indian Navy on July 21, 2025. The vessel, named Ajay, marks the completion of the ASW SWC series contracted to GRSE. The launch ceremony took place at GRSE’s facility in Kolkata and was attended […]
Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding with South Korea-based HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) to explore long-term collaboration across multiple areas of shipbuilding and maritime development. The agreement, signed on July 4, 2025, outlines cooperation in new shipbuilding opportunities, technology exchange, productivity improvements, workforce development, and other […]
Cochin Shipyard Limited (CSL) has received an order from Polestar Maritime Limited for the construction of two 70-ton bollard pull tugs. The order, classified as “Notable” by CSL, is valued between INR 1 billion and INR 2.5 billion. The vessels are scheduled for delivery in May 2027 and September 2027. The tugs will be built […]
Mazagon Dock Shipbuilders Limited (MDL) has announced plans to acquire a majority controlling stake in Colombo Dockyard PLC (CDPLC) for USD 52.96 million (approx. INR 4.52 billion). This would be MDL’s first international investment, expected to complete within four to six months, subject to customary closing conditions and regulatory approvals. The acquisition combines a primary […]
Hooghly Cochin Shipyard Limited (Hooghly CSL), a wholly owned subsidiary of Cochin Shipyard Limited, has secured a contract to construct two luxury river cruise vessels for Heritage River Journeys Private Limited, which operates under the brand Antara River Cruises. The vessels are intended for deployment on the Brahmaputra River. The agreement covers the construction of […]
The Indian government has planned several initiatives aimed at increasing the production of 1,000 domestically built merchant ships. A key component of this effort is the establishment of a Maritime Development Fund of INR 250 billion, with the government contributing 49 percent and the remainder to be sourced from ports and the private sector. The […]
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with the Geological Survey of India (GSI) for the construction of two Coastal Research Vessels (CRVs). The contract was signed on June 11, 2025, by Shantanu Bose, Director (Shipbuilding), GRSE, and N. M. Shareef, Deputy Director General & Head of Marine & Coastal Survey […]
