Cochin Shipyard bags order for construction of Zero Emission Feeder Container Vessels

Cochin Shipyard bags order for construction of Zero Emission Feeder Container Vessels

The project is worth approximately Rs 550 crore.

FPJ Web DeskUpdated: Saturday, March 18, 2023, 11:29 AM IST
article-image
Cochin Shipyard bags order for construction of Zero Emission Feeder Container Vessels | The cost of the project is approximately Rs 550 crore.

Cochin Shipyard on Friday announced that the company received an order from NAVSHUTTLE 1 AS and NAVSHUTTLE 2 AS, Lysaker Norway for the design and construction of 2 Zero Emission Feeder Container Vessels with an option for two more vessels, through an exchange filing. The cost of the project is approximately Rs 550 crore.

The order was received from companies in Samskip Group, headquartered in the Netherlands. THe first vessel is expected to be delivered in 28 months and the second in 34 months. These ships will be able to carry about 365 45-feet long high cube containers and are expected to serve the European Market where there is a high demand for sustainable transportation solutions.

Cochin Shipyard shares

The shares of Cochin Shipyard Limited on Friday closed at Rs 444, up by 1.40 per cent.

RECENT STORIES

Gold Rallies ₹2,200 To ₹1.01 Lakh/10 Grams As Tensions In Middle East Escalate

Gold Rallies ₹2,200 To ₹1.01 Lakh/10 Grams As Tensions In Middle East Escalate

WhatsApp Feature Roundup: New Filters in Calls, Animated Sticker Maker, Easier Group Creation, And...

WhatsApp Feature Roundup: New Filters in Calls, Animated Sticker Maker, Easier Group Creation, And...

Stock Markets Tumble Nearly 1% On Rising Geopolitical Tensions, Boiling Crude Oil Prices

Stock Markets Tumble Nearly 1% On Rising Geopolitical Tensions, Boiling Crude Oil Prices

Rupee Falls 55 Paise To 86.07 Against Dollar Amid Rising Middle East Tensions

Rupee Falls 55 Paise To 86.07 Against Dollar Amid Rising Middle East Tensions

IPO Calendar Next Week: 6 IPO Launches, 5 Listings To Keep Markets Busy

IPO Calendar Next Week: 6 IPO Launches, 5 Listings To Keep Markets Busy