New Delhi: Cochin Shipyard Limited (CSL) has announced that its wholly owned subsidiary, Udupi Cochin Shipyard Limited (UCSL), has secured a major shipbuilding order from Ocean Sparkle Limited, an Adani Group company.
According to a regulatory filing submitted to the stock exchanges, the contract involves the construction of four advanced Azimuthing Stern Drive (ASD) tugs for maritime operations in India.
Project to Build Four 70T Bollard Pull ASD Tugs
Under the agreement, UCSL will construct:
- Four 70-ton bollard pull ASD tugs
- Built as per Approved Standard Tug Design and Specifications (ASTDS)
- Guidelines issued by the Ministry of Ports, Shipping & Waterways
These modern tugboats are designed to support port operations, vessel maneuvering, towing, and maritime safety services.
Delivery Timeline from 2028 to 2029
The company stated that delivery of the vessels is expected to begin in November 2028, while the final delivery is scheduled by June 2029.
The project has been categorized as a “Notable Order” under Cochin Shipyard’s order classification framework.
Boost for India’s Maritime and Shipbuilding Sector
The latest order further strengthens India’s growing focus on:
- Indigenous shipbuilding
- Maritime infrastructure development
- Port modernization
- Self-reliance in marine engineering
Industry experts believe the project aligns with the Government of India’s broader maritime development and “Make in India” initiatives.
No Related Party Transaction Involved
Cochin Shipyard clarified that the transaction does not fall under related-party transactions.
The company also confirmed that no promoter or group entity has any financial interest in the awarding company.
Growing Demand for Indigenous Tug Construction
The order reflects increasing demand for modern tugboats in India’s port and shipping ecosystem as ports continue to expand cargo handling capacity and operational efficiency.
ASD tugs are widely used for their superior maneuverability, operational flexibility, and safety performance in busy ports and coastal operations.
About Cochin Shipyard Limited (CSL)
Cochin Shipyard Limited (CSL) is one of India’s leading shipbuilding and ship repair companies under the Ministry of Ports, Shipping & Waterways. The company is involved in the construction of commercial vessels, defense ships, offshore platforms, and maritime infrastructure projects, playing a major role in strengthening India’s shipbuilding and maritime capabilities.
Read also: Cochin Shipyard Wins $360 Million Shipbuilding Contract from CMA CGM for Six LNG-Powered Vessels
