India’s aspirations to become a global shipbuilding leader have gained significant traction with Cochin Shipyard Ltd (CSL) obtaining its first international contract for ocean-going containerships. The agreement represents a major milestone in India’s maritime manufacturing journey, highlighting the nation’s growing credibility in complex vessel construction.
Cochin Shipyard has signed a Letter of Intent with French shipping major CMA CGM for the design and construction of six LNG-powered feeder container vessels, each capable of carrying 1,700 TEUs. The project, valued between US$ 225 million and $ 300 million, marks the first instance of a major global carrier commissioning advanced, dual-fuel containerships from an Indian yard.
The vessels are expected to be delivered between 2029 and 2031 and will be registered under the Indian flag, further strengthening India’s maritime footprint. The ships will be equipped to operate on LNG and will be adaptable for future low-carbon fuels, supporting CMA CGM’s commitment to decarbonising global shipping.
Cochin Shipyard has already established itself through high-profile projects such as the INS Vikrant, India’s first indigenous aircraft carrier. The company is also executing contracts for Service Operation Vessels for European clients, reinforcing its growing presence in the international market.
The new collaboration includes technical cooperation with South Korea’s HD Hyundai Heavy Industries, aimed at enhancing CSL’s capabilities in commercial shipbuilding and advancing India’s Make in India and Atmanirbhar Bharat initiatives. CMA CGM’s decision to commission vessels from India, coupled with its plan to reflag four ships under the Indian registry in 2025, underscores the growing recognition of India’s shipbuilding competence.