Cochin Shipyard signs MoU with Mumbai Port Trust
January 11, 2018: Cochin Shipyard Limited (CSL) signed an MoU with Mumbai Port Trust (MbPT) for management and operation of the Ship repair facilities
January 11, 2018: Cochin Shipyard Limited (CSL) signed an MoU with Mumbai Port Trust (MbPT) for management and operation of the Ship repair facilities at Mumbai Port trust.
As per the terms of the MoU, MbPT and CSL are to associate with each other for utilizing the Indira Dock facility at Mumbai Port to set up a professional ship repair eco system that would be beneficial for the commercial as well as defence ship repair industry in India. The MoU also provides for expansion of the ship repair capacity within the Indira Dock that may include setting up of a Floating Drydock (FDD) and upgrading existing facility at Hughes Dry Dock (HDD) thereby enhancing the existing ship repair capacity in Mumbai Area. This would serve the increasing ship repair demands in Mumbai area, being one of the key port of India that connects internationally.
HDD at Mumbai Port Trust is of approximately size 305 x 30 metres, built in 1914 and is one of the largest graving dry dock on the western coast of India. The objective of the MoU is to develop a world class integrated ship repair facility at Mumbai. HDD is an active area where Mumbai Port Trust gives the dock on lease to owners. With this MoU, CSL is expected to provide end to end ship repair solution to ship owners.
Cochin Shipyard which commenced ship repair operations in the year 1982, is today the leading ship repair yard in the country. It has vast experience in repairing varied type of vessels including defence vessels, tankers, oil rigs, passenger vessels and port crafts. CSL is the only yard which has undertaken drydock repairs to the Indian Navy’s Aircraft Carriers. This new initiative of signing the MoU with MbPT is in line with the company’s objective to have a pan India presence and the Ministry of Shipping initiatives to create viable ship repair hubs all over India.