UCSL bags ₹580 crores order for Future proof Dry Cargo Vessels

| Updated: 15 June, 2023 4:46 pm IST

UDUPI (KARNATAKA): Udupi Cochin Shipyard Limited (UCSL), the wholly owned subsidiary of Cochin Shipyard Limited (CSL), the Premier Shipyard group in India, wins a prestigious international order from M/s Wilson Shipowning AS, Norway, for the design and construction of six new-generation diesel-electric 3800 DWT general cargo vessels. The contract is signed with an option for eight additional vessels.

The Future proof Dry Cargo Vessel designed by Conoship International, Netherlands, shall be constructed as an environmentally friendly diesel-electric vessel ready for installation of wind foil units and battery hybrid systems. These vessels are intended for the transport of general cargo inland as well as in the coastal waters of Europe.

Madhu S Nair, chairman and managing director of Cochin Shipyard Limited (CSL), who is also the Chairman of UCSL, said, “This partnership aligns with our core values of sustainability and innovation, and we are excited to contribute to the development of more eco-friendly transportation solutions. We look forward to a successful collaboration with Wilson, with the potential for more future orders.”

Wilson Ship Management AS, a company headquartered in Bergen, Norway, is the largest short-sea fleet in Europe and transports about 15 million tonnes of dry cargo across Europe. Wilson Ship Management AS, has a fleet of around 130 vessels ranging from 1500 to 8500 DWT. Udupi Cochin Shipyard Limited (UCSL) is also active in the markets for harbour tugs, offshore vessels and fishing vessels.

The Future proof Dry Cargo Vessel Project has an approximate cost of ₹580 crores. The first vessel will be delivered by December 2024 and thereafter deliveries will be completed by March 2026.

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