• 2 min de lectura
• 2 min de lectura
Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) announced the signing of a joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) in Cochin.
The agreement was signed by Rado Antolovic, CEO of Drydocks World, and Jose VJ, Chairman and Managing Director of Cochin Shipyard, during the Brics 2026 Summit in New Delhi.
The alliance is based on the Memorandum of Understanding (MoU) signed by Drydocks World (DDW) and CSL during India Maritime Week 2025, under which both organizations agreed to explore collaboration opportunities in ship repair and related maritime services. The companies have now formalized this collaboration through a 50% joint venture, creating a pioneering public-private alliance for the Indian market.
Under this agreement, the joint venture will operate, consolidate, and expand the International Ship Repair Yard (ISRF) in Cochin, which will increase capacity to service a wider range of vessels and meet the growing needs of Indian, regional, and international customers.
Sarbananda Sonowal, India's Minister of Ports, Shipping and Waterways, stated that "this joint venture represents a significant step to strengthen India's ship repair ecosystem and a great opportunity for Kerala to consolidate itself as a leading maritime services hub. By combining Cochin Shipyard's expertise with Drydocks World's global capabilities, this alliance will generate new capacities, skills, and economic opportunities for Kerala, while enhancing India's maritime competitiveness. This supports our vision, framed in the Amrit Kaal Maritime Vision 2047, to build a self-reliant and globally competitive maritime sector."
This alliance combines CSL's track record in shipbuilding and repair, its engineering expertise, and its workforce with Drydocks World's global track record in high-end ship repair and maintenance, large conversions, and offshore Engineering, Procurement, and Construction (EPC).
Drydocks World and Cochin Shipyard Ltd. will each hold a 50% stake, and the initial capital will be financed by contributions from both parties.
