Cochin Shipyard, the largest shipbuilder in India, has signed an agreement with Synergy Marine to collaborate on the development of commercial projects in shipbuilding and ship repair.
Details of the Agreement
This agreement aims to combine the industrial capacity of Cochin Shipyard with Synergy Marine's experience in representing owners, engineering, project management, and long-term technical management. This collaboration allows both parties to operate more effectively in new projects and the engineering of existing ships.
Jesper Christensen, CEO of Synergy Marine Group, emphasized the group's experience in addressing shipowners' needs in engineering and project execution, stating: "Combining this experience with the industrial capabilities of Cochin Shipyard provides a practical foundation for developing shipbuilding opportunities and converting ships in India. These decisions will be guided by safety, reliability, and total cost of ownership."
Background and Future Outlook
Cochin Shipyard, established in 1972, initially operated for India's defense projects but is now looking to expand commercial projects for domestic and international clients. The yard signed an agreement in February 2026 with the French group CMA CGM to build six feeder ships with a capacity of 1,700 TEU. These ships, which operate on LNG fuel, will be the first vessels India builds for an international shipping company.
Cochin Shipyard is also exploring opportunities with Maersk, which will likely begin with ship repairs. The Indian government is also attracting more investments and international missions for its shipbuilding sector.
The Indian government aims to become one of the top ten countries in shipbuilding by 2030 and to be among the top five by 2047.
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