Cargo Breaking News
Drydocks World, a DP World company has signed MoU with Cochin Shipyard Limited (CSL), driven by the Ministry of Ports, Shipping and Waterways, India to enable development of Ship repair clusters, synergising their mutual strengths. This is expected to bring global best practices to the Ship repair ecosystem in the country and add significant capacities. The MOU also provides for cooperation in potential offshore fabrication opportunities engaging other entities like major ports. This strategic collaboration will explore opportunities to develop ship repair clusters along India’s coastline leveraging the expertise of both organisations.
The MoU was signed in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, Shri Piyush Goyal, Honourable Minister of Commerce And Industry, Government of India, His Excellency Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, and Mr Madhu S Nair, Chairman & Managing Director, Cochin Shipyard Limited at the CEO- Connect: Dubai-India Economic Ties & Opportunities event inMumbai.
By fostering cooperation between Cochin Shipyard Limited and Drydocks World, the partnership will play a crucial role in modernizing India’s maritime infrastructure, expanding the ship repair industry and generating new employment opportunities.Aligned with the Government of India’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, the companies willjointly evaluate opportunities for:
