Indian Shipbuilding Industry : News & Updates
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GARDEN REACH SHIPBUILDERS & ENGINEERS LTD ( GRSE ) - INTIMATION FOR MOU ENTERED WITH M/S MERLINHAWK AEROSPACE AND M/S KELTRON - indigenization effort of the Indian Navy
CSL has operationalised the International ship repair facility
Pipavav shipyard, India’s largest by capacity, set to re-start operations after surviving bankruptcy - ET Infra
Pipavav Shipyard: An Indian Coast Guard ship will arrive at the yard this month for dry docking and the new management is in “advanced talks” with a global fleet owner for building large size green bulk carriers worth a few hundred million dollars
Pipapav couldn't execute its maiden naval contract for 6-7 NOPVs because of Chota Ambani's cash crunch. This experience would have surely dented the IN's perception about the capability of private yards to deliver on naval requirements. AFAIK all big-ticket orders since have gone to PSU yards who smartly subcontracted work to idling private yards like L&T!
Among private shipbuilders, I believe only L&T has developed some credibility by delivering the ICG Vikram class ahead of schedule. Their contribution to the strategic sub programme will also stand them in good stead.
Things could interesting though if Adani or even Mukesh Ambani entered the military shipbuilding business.
Among private shipbuilders, I believe only L&T has developed some credibility by delivering the ICG Vikram class ahead of schedule. Their contribution to the strategic sub programme will also stand them in good stead.
Things could interesting though if Adani or even Mukesh Ambani entered the military shipbuilding business.
L&T is not idle. They have received orders for 3 CTS and 2 MPVs.
Centre launches Rs 1,000 crore Green Tug Transition Programme
The centre on Friday launched the Green Tug Transition Program (GTTP) aimed at converting conventional fuel-based harbour tugs to greener, more sustainable alternatives. An official statement said this will require an investment of Rs 1,000 crore.The first phase of GTTP will begin on October 1, 2024, and continue until December 31, 2027. “Four Major Ports—Jawaharlal Nehru Port Authority, Deendayal Port Authority, Paradip Port Authority, and V.O. Chidambaranar Port Authority—will procure or charter at least two green tugs each,” the statement said while adding that the first set of tugs will be battery-electric, with provisions for adopting other emerging green technologies such as hybrid, methanol, and green hydrogen as the industry evolves.
CSL presentation for the Antique Defence conference event today
India to approve Rs 25,000 crore for shipbuilding and infrastructure
The Indian government is likely to approve Rs 25,000 crore Maritime Development Fund (MDF) later this month, aimed at providing long-term, low-cost financial support for indigenous shipbuilding and blue water infrastructure projects, according to a report by Mint. The fund will play a crucial role in advancing India’s maritime sector, aligning with the nation’s Make-in-India initiative aimed at establishing the country as a global manufacturing hub.The MDF is expected to be structured as a corporate entity, with the government holding a minority stake of at least 26 per cent, while the majority shareholding will be offered to multilateral financial institutions and global funds. The fund will provide various forms of financial support, including debt, equity, viability gap funding (VGF), and buyer credit. It will be similar to the National Bank for Financing Infrastructure and Development (NaBFID), but will have a dedicated focus on the maritime sector.
The Maritime Development Fund will have a corpus of Rs 25,000 crore over seven years, providing long-term loans of up to 25 years to align with the 30-year lifespan of vessels.
How many vessels does India currently have?
India’s fleet currently stands at 1,526 vessels with a gross tonnage (GT) of 14 million as of December 2023. However, about 44 per cent of these vessels are over 20 years old, indicating a need for replacement in the coming years.The move comes amid inter-ministerial consultations, with a final cabinet note to be submitted by the end of September for approval.
Key objectives of the MDF
- The fund will promote domestic shipbuilding of all types and sizes to reduce India’s dependence on foreign ships. Currently, India spends close to $75 billion annually on leasing ships and controls only 2 per cent of the world’s total tonnage.- India holds less than 1 per cent of the global shipbuilding market, which is dominated by China, South Korea, and Japan. The MDF aims to boost this to 5 per cent in the coming years.
- It will also support the development of cruise tourism, expand port capacity, promote coastal shipping, and develop inland waterways through public-private partnerships (PPP).
Tax incentives similar to those offered in countries like Norway, Korea, and Japan will also be considered to attract domestic and global players into the Indian ship leasing and management sector.
Cochin Shipyard Lays Keel For India’s Largest Dredger, DCI Dredge Godavari
By MI News Network
September 17, 2024
Image from Ministry of Ports, Shipping and Waterways, Government of India on X.
Cochin Shipyard Limited (CSL) has successfully laid the keel of India’s largest dredger, “DCI Dredge Godavari.”
The vessel, a Trailing Suction Hopper Dredger (TSHD) with a hopper capacity of 12,000 cubic meters, is being built for the Dredging Corporation of India Limited (DCI) as part of the government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.
The Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, remotely presided over the keel-laying ceremony.
Many prominent dignitaries attended the ceremony virtually, including the Ambassador of the Netherlands to India, Her Excellency Ms Marisa Gerards, and Dr M. Angamuthu, Chairperson of the Vishakhapatnam Port Authority (VPA) and DCI.
Shri Durgesh Kumar, MD of DCI, and Shri Madhu S Nair, CMD of CSL, were present, along with other senior officials from the companies and their Dutch partner, Royal IHC.
This cutting-edge dredger is being built in partnership with Royal IHC, the Netherlands, a global leader in dredger design and construction. Once operational, the DCI Dredge Godavari will be the most advanced dredger ever built in India.
Image Credits: Cochin Shipyard Limited/Linkedin
The vessel is expected to significantly improve DCI’s dredging capabilities, which is the largest dredging company in the country, also contributing to India’s growing maritime sector, as specified in the Maritime India Vision 2030 (MIV-2030).
The vessel, measuring 127 meters in length and 28 meters in width, is being built on Royal IHC’s globally recognized “Beagle” platform, with modifications to meet Indian requirements.
Image Credits: Cochin Shipyard Limited/Linkedin
Once operational, it will play an essential role in expanding dredging capacity at major ports across the country, thereby helping the government’s port-led development initiatives.
Officials from the Indian Navy, Cochin Port Authority, and other stakeholders, along with representatives from Royal IHC, Netherlands, CSL and DCI, attended the ceremony physically at Cochin Shipyard.
Reference: Cochin Shipyard
Cochin Shipyard Lays Keel For India’s Largest Dredger, DCI Dredge Godavari
By MI News Network
September 17, 2024
Image from Ministry of Ports, Shipping and Waterways, Government of India on X.
Cochin Shipyard Limited (CSL) has successfully laid the keel of India’s largest dredger, “DCI Dredge Godavari.”
The vessel, a Trailing Suction Hopper Dredger (TSHD) with a hopper capacity of 12,000 cubic meters, is being built for the Dredging Corporation of India Limited (DCI) as part of the government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.
The Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, remotely presided over the keel-laying ceremony.
Many prominent dignitaries attended the ceremony virtually, including the Ambassador of the Netherlands to India, Her Excellency Ms Marisa Gerards, and Dr M. Angamuthu, Chairperson of the Vishakhapatnam Port Authority (VPA) and DCI.
Shri Durgesh Kumar, MD of DCI, and Shri Madhu S Nair, CMD of CSL, were present, along with other senior officials from the companies and their Dutch partner, Royal IHC.
This cutting-edge dredger is being built in partnership with Royal IHC, the Netherlands, a global leader in dredger design and construction. Once operational, the DCI Dredge Godavari will be the most advanced dredger ever built in India.
Image Credits: Cochin Shipyard Limited/Linkedin
The vessel is expected to significantly improve DCI’s dredging capabilities, which is the largest dredging company in the country, also contributing to India’s growing maritime sector, as specified in the Maritime India Vision 2030 (MIV-2030).
The vessel, measuring 127 meters in length and 28 meters in width, is being built on Royal IHC’s globally recognized “Beagle” platform, with modifications to meet Indian requirements.
Image Credits: Cochin Shipyard Limited/Linkedin
Once operational, it will play an essential role in expanding dredging capacity at major ports across the country, thereby helping the government’s port-led development initiatives.
Officials from the Indian Navy, Cochin Port Authority, and other stakeholders, along with representatives from Royal IHC, Netherlands, CSL and DCI, attended the ceremony physically at Cochin Shipyard.
Reference: Cochin Shipyard
Cochin Shipyard Lays Keel For India’s Largest Dredger, DCI Dredge Godavari
Germans are known for their extreme precision and fine quality. I don't mean to demean CSL but our gormint babus are not exactly known for quality. Or did Sun rose from west and they improved?Bet the German clients were a bit worried when they saw this image.
News from June 2024:
Indian yard secures export orders for commercial vessels
Baird Maritime
Published on: 25 Jun 2024, 9:42 am
Contract signing between Garden Reach Shipbuilders and Engineers and Carsten Rehder Schiffsmakler und Reederei for four new 7,500DWT multi-purpose cargo vessels (Photo: Garden Reach Shipbuilders and Engineers)
Indian state-owned shipbuilder Garden Reach Shipbuilders and Engineers (GRSE) has entered into an agreement with German company Carsten Rehder Schiffsmakler und Reederei for the construction and delivery of 4 multi-purpose vessels of 7,500 DWT each. The contract also includes options for up to four additional vessels in the same series.
Each ship will measure 120 by 17 metres and will have a hold able to accommodate bulk, general, and project cargo. Containers will be carried on the hatch covers. The vessels are also specifically designed to transport multiple wind turbine blades.
Dry Cargo Vessel News Roundup | June 25 – Swedish hybrid newbuilds, Japanese Ro-Ros and multi-purpose vessels for Germany
And now:
Carsten Rehder adds to Indian orderbook
By Sam Chambers
September 23, 2024
Germany’s Carsten Rehder has exercised options for for four more 7,500 dwt general cargo vessels at India’s Garden Reach Shipbuilders and Engineers (GRSE), due for delivery from mid-2027 through to the first quarter of 2028. Brokers report the ships are costing $13.5m each.
The Indian shipyard has been diversifying its offering, having won an initial four-ship order from Carsten Rehder in June.
The yard, which is under the administrative control of the Ministry of Defence, is best known for its defence shipbuilding as well as some offshore vessels.
Many Indian shipyards are upping their game when it comes to commercial shipbuilding.
Indian prime minister Narendra Modi has laid out plans for the country to become a top five shipbuilding and repair nation within a decade.
India is currently outside the top 10 shipbuilding nations globally with a market share of less than 1%.
Carsten Rehder adds to Indian orderbook - Splash247
Indian yard secures export orders for commercial vessels
Baird Maritime
Published on: 25 Jun 2024, 9:42 am
Contract signing between Garden Reach Shipbuilders and Engineers and Carsten Rehder Schiffsmakler und Reederei for four new 7,500DWT multi-purpose cargo vessels (Photo: Garden Reach Shipbuilders and Engineers)
Indian state-owned shipbuilder Garden Reach Shipbuilders and Engineers (GRSE) has entered into an agreement with German company Carsten Rehder Schiffsmakler und Reederei for the construction and delivery of 4 multi-purpose vessels of 7,500 DWT each. The contract also includes options for up to four additional vessels in the same series.
Each ship will measure 120 by 17 metres and will have a hold able to accommodate bulk, general, and project cargo. Containers will be carried on the hatch covers. The vessels are also specifically designed to transport multiple wind turbine blades.
Dry Cargo Vessel News Roundup | June 25 – Swedish hybrid newbuilds, Japanese Ro-Ros and multi-purpose vessels for Germany
And now:
Carsten Rehder adds to Indian orderbook
By Sam Chambers
September 23, 2024
Germany’s Carsten Rehder has exercised options for for four more 7,500 dwt general cargo vessels at India’s Garden Reach Shipbuilders and Engineers (GRSE), due for delivery from mid-2027 through to the first quarter of 2028. Brokers report the ships are costing $13.5m each.
The Indian shipyard has been diversifying its offering, having won an initial four-ship order from Carsten Rehder in June.
The yard, which is under the administrative control of the Ministry of Defence, is best known for its defence shipbuilding as well as some offshore vessels.
Many Indian shipyards are upping their game when it comes to commercial shipbuilding.
Indian prime minister Narendra Modi has laid out plans for the country to become a top five shipbuilding and repair nation within a decade.
India is currently outside the top 10 shipbuilding nations globally with a market share of less than 1%.
Carsten Rehder adds to Indian orderbook - Splash247
Plate Cutting Ceremony of Multi-Purpose Cargo Vessel (MPV) for Navi Merchants, Denmark
September 24, 2024,
Photo(s): By MDL
Mazagon Dock Shipbuilders Ltd (MDL), a Navratna DPSU, commenced the production activity for the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark, today. Simon Christensen, CEO, Navi Merchants was the Chief Guest for the Plate Cutting ceremony. Simon and Sanjeev Singhal, Chairman and Managing Director MDL together commenced the cutting of the first steel plate in presence of Director (Shipbuilding), CVO MDL along with other officials from MDL.
MDL has signed a contract with Navi Merchants, Denmark to design, build, and deliver a total of 6 + (4 optional) vessels, each with a capacity of 7500 DWT. The project is valued at 86.05 million USD (₹700 crores approx.). Each vessel will feature a hybrid propulsion drive, built to meet stringent emission standards and shall be classified under DNV (Det Norske Veritas).
The vessels will be designed as Ice Class 1B, equipped with a single screw, controllable pitch, medium-speed diesel engine, and will include Electrical Energy Storage systems to comply with DNV Class notation Battery (Safety) for unrestricted global operations.
These versatile vessels will be capable of transporting a wide range of cargoes, including dry bulk, project cargo, containers, steel products, general cargo (including packaged, palletized, and bagged goods), forest products, and dangerous cargo.
The first vessel is scheduled for delivery in April 2026. Today's plate cutting ceremony marks the official start of the production activities for this significant project.
Plate Cutting Ceremony of Multi Purpose Cargo Vessel (MPV) for Navi Merchants, Denmark
September 24, 2024,
Photo(s): By MDL
Mazagon Dock Shipbuilders Ltd (MDL), a Navratna DPSU, commenced the production activity for the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark, today. Simon Christensen, CEO, Navi Merchants was the Chief Guest for the Plate Cutting ceremony. Simon and Sanjeev Singhal, Chairman and Managing Director MDL together commenced the cutting of the first steel plate in presence of Director (Shipbuilding), CVO MDL along with other officials from MDL.
MDL has signed a contract with Navi Merchants, Denmark to design, build, and deliver a total of 6 + (4 optional) vessels, each with a capacity of 7500 DWT. The project is valued at 86.05 million USD (₹700 crores approx.). Each vessel will feature a hybrid propulsion drive, built to meet stringent emission standards and shall be classified under DNV (Det Norske Veritas).
The vessels will be designed as Ice Class 1B, equipped with a single screw, controllable pitch, medium-speed diesel engine, and will include Electrical Energy Storage systems to comply with DNV Class notation Battery (Safety) for unrestricted global operations.
These versatile vessels will be capable of transporting a wide range of cargoes, including dry bulk, project cargo, containers, steel products, general cargo (including packaged, palletized, and bagged goods), forest products, and dangerous cargo.
The first vessel is scheduled for delivery in April 2026. Today's plate cutting ceremony marks the official start of the production activities for this significant project.
Plate Cutting Ceremony of Multi Purpose Cargo Vessel (MPV) for Navi Merchants, Denmark