Cochin Shipyard Signs MoU with HD Korea for Long-Term Shipbuilding Collaboration
Under this collaboration, CSL’s 310-meter new dry dock, which was inaugurated by the Hon’ble Prime Minister of India on 17th Jan 2024, will be utilized to construct large vessels such as Suezmax tankers, container ships, and Capesize bulk carriers, with a capacity of up to six vessels annually.
In a significant boost towards the Make in India initiative, Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for a long-term strategic collaboration in shipbuilding. The MoU was exchanged during the landmark event “Samudra se Samriddhi—Transforming India’s Maritime Sector,” inaugurated by the Hon’ble Prime Minister Shri Narendra Modi on Saturday, 20th September 2025, at Bhavnagar, Gujarat.
Under this collaboration, CSL’s 310-meter new dry dock, which was inaugurated by the Hon’ble Prime Minister of India on 17th Jan 2024, will be utilized to construct large vessels such as Suezmax tankers, container ships, and Capesize bulk carriers, with a capacity of up to six vessels annually.
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The collaboration will also focus on joint execution of shipbuilding projects at CSL’s existing facilities during the transition phase, while simultaneously exploring opportunities in new business areas, greenfield shipyards, and skill development, the press release stated.
Further, the company signed a second MoU with Guidance, the nodal agency of the Government of Tamil Nadu, in line with the Government of India’s vision for developing shipbuilding clusters. As part of its long-term growth strategy, CSL is considering a greenfield investment of about Rs 15,000 crore to establish a state-of-the-art shipyard in Tamil Nadu in collaboration with a Korean partner.
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