Shipyards

CIAL posts record profit of ₹502 cr, plans foray into airport consultancy

The Cochin International Airport Ltd (CIAL) has said that it has reported its highest-ever annual financial performance, registering a record profit of over Rs 500 crore, for the first time in the company's history. CIAL, in a statement, further said that the Board of Directors, which met for the first time under the chairmanship of Chief Minister V D Satheesan, has approved a series of strategic initiatives -- most notably the company's entry into the airport consultancy business -- aimed at leveraging the country's rapidly expanding aviation infrastructure sector. The Board also recommended a dividend of 55 per cent for shareholders for the financial year 2025-26, subject to the approval of the company's Annual General Meeting, which is tentatively scheduled to be held in September, the statement said. Giving details, CIAL said that in the financial year which ended on March 31, 2026, it reported a total revenue of Rs 1,220 crore, registering a 6.6 per cent year-on-year growth. "

Indian shipyards to get right of first refusal in FY27 ship buying plan

Container vessels by SCI, Bharat Container Line dominate order plan

How South Korea tie-up could help India reduce costly freight dependence

New framework with South Korea links shipyard capacity, technology and orders to India's push to reduce reliance on foreign carriers

Strong order pipeline lifts outlook for listed shipbuilding majors

Robust Navy spending and export orders are driving strong visibility for listed shipbuilders, though risks remain from client concentration and supply chains

CMA CGM places first Indian vessel order, eyes container and waterways push

CMA CGM has signed its first container vessel order with an Indian shipyard and is exploring container manufacturing, AI-led innovation, and deeper participation in India's maritime sector

Swan Defence secures $227 mn deal for chemical tankers at Pipavav yard

Swan Defence and Heavy Industries has signed a $227 million contract to build six chemical tankers, marking the first large commercial chemical vessel order awarded to an Indian shipyard

Maha CM Fadnavis asks for plan to build India's biggest shipyard in state

Fadnavis issued the instructions while reviewing works of the Ports Development Department at a meeting held in the ministerial council hall of Vidhan Bhavan in Nagpur

Singapore, Indian shipyards sign MoU to strengthen offshore cooperation

Singapore's Seatrium Offshore Technology Pte Ltd (SOT) has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), India's largest shipbuilder and ship repairer, to strengthen cooperation in the offshore sector across Asia. Under the MoU, the two companies will combine their complementary strengths -- SOT's engineering excellence, specialised equipment and offshore solutions, and CSL's extensive infrastructure, fabrication facilities and ship repair expertise to leverage business opportunities. The partnership will focus on Maintenance, Repair and Overhaul (MRO) projects for clients with operations in Asia, SOT said on Thursday. It said the MoU was signed virtually, marking a significant collaboration in offshore engineering across Asia. The two companies will also explore opportunities to expand into other key offshore markets in the region. Winston Cheng, Senior Vice-President and Head of SOT, said, "This MoU is a strategic milestone in Seatrium's efforts t

MDL, Guidance Tamil Nadu partner to explore greenfield shipyard development

Mazagon Dock Shipbuilders Limited has signed a memorandum of understanding with Guidance Tamil Nadu, the state's nodal agency for investment promotion and facilitation, to explore the possibility of developing a world-class greenfield shipyard on India's eastern coast, the defence ministry said on Tuesday. The MoU was signed on September 19 under the framework of the government of India's Maritime Amrit Kaal Vision 2047. Mazagon Dock Shipbuilders Limited (MDL), a defence public sector undertaking under the Ministry of Defence, has signed an MoU with Guidance Tamil Nadu to explore the development of a world-class greenfield shipyard on India's eastern coast, the ministry said in a statement. The MoU was formally signed and exchanged between Biju George, Director (Shipbuilding), MDL, and Darez Ahamed, Managing Director and CEO, Guidance Tamil Nadu, during a ceremony organised by the Ministry of Ports, Shipping and Waterways (MoPSW) at Bhavnagar, Gujarat. The event was graced by Union

Tamil Nadu inks ₹30,000 cr shipyard projects to create 55,000 jobs

Tamil Nadu signs MoUs with Cochin Shipyard and Mazagon Dock for Rs 30,000 crore projects in Thoothukudi, boosting shipbuilding, job creation and industrial revival in the south

Strong order visibility likely to help shipyard stocks sail faster

The DAC plans to order three Kalvari-class submarines with Mazagon Docks (MDL) on a nominated basis in FY26 at an order value of Rs 36,000 crore

Square Port, Damen partner to develop ships for domestic, global markets

Energy player HMPL on Thursday said its subsidiary Square Port Shipyard has signed an agreement with Netherlands-based Damen Technical Cooperation BV to develop its shipyard and build ships to cater to the domestic and global markets. Damen Technical Cooperation BV is a group company of Damen Shipyards Group NV with expertise is in design and construction of ships, ship components, ship repair and conversion and ship maintenance, Hazoor Multi Projects Limited (HMPL) said in a statement. Square Port Shipyard has signed a Memorandum of Understanding (MoU) with Damen Technical Cooperation BV to develop its shipyard and build ships for local and international markets, it said. Square Port Shipyard is located at Dabhol (Ratnagiri) in Maharashtra. It also provides a broad range of associated maritime services. "The tie up is significant milestone in our journey to be a one stop centre for clients looking for ship building and repair services in India," Fattesingh Patil, Director, Square

Reliance acquires Nauyaan Tradings, eyes majority stake in shipyard arm

With this acquisition, Nauyaan Tradings has become a step-down wholly owned subsidiary of Reliance Industries

APSEZ places order with Cochin Shipyard for 8 tugs in Rs 450 cr deal

Delivery of these boats will start from December 2026, and will continue till May 2028, the company said

BAE Systems shipyard fire: There is no nuclear risk, say UK police

Two people have been hospitalised after a fire broke out at the shipyard that builds Britain's nuclear-powered submarines, but there is no nuclear risk, police said Wednesday. Cumbria Constabulary said a significant fire broke out soon after midnight at the BAE Systems shipyard in Barrow-in-Furness, northwest England. Video shared on social media overnight showed flames shooting out from the Devonshire Dock Hall building while alarms blared. When I opened the front door, we just saw a lot of black smoke," said Donna Butler, who lives next to the shipyard. It was a lot of black smoke, like really thick black smoke, and it was very loud. The force said two people were taken to hospitals with suspected smoke inhalation and there were no other casualties. It advised people living nearby to stay indoors and keep doors and windows closed. The 150-year-old shipyard, about 350 kilometres northwest of London, is currently building several nuclear-powered submarines for the Royal Navy. It i

GRSE to build ocean research vessel in collaboration with NCPOR

Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) signed a contract with the National Centre for Polar and Ocean Research (NCPOR) for constructing an ocean research vessel, an official said on Wednesday. The contract, worth approximately Rs 840 crore, was signed between GRSE and NCPOR officials for the construction of the vessel in 42 months, the shipyard informed the stock exchanges. The Kolkata-headquartered warship builder said it has the necessary expertise in the field of survey vessels and has been building them for the Indian Navy for nearly four decades now. The contract was signed by the officials of the shipyard and NCPOR in Goa on Tuesday, the GRSE official said in a statement. In December 2023, GRSE delivered the INS Sandhayak, the largest survey vessel to be built in the country, to the Indian Navy. Three more vessels of this class are at various stages of completion at the shipyard, he said, adding that this experience will stand GRSE in good stead wh

Construction of Indian Navy's fleet support ships begin at HSL, Vizag

HSL, Visakhapatnam will build the five FSS at an overall cost of approximately Rs 19,000 crore

PM Narendra Modi to inaugurate infra boost at Cochin Shipyard on Wednesday

New dry dock and International Ship Repair Facility for CSL

Mazagon Dock Shipbuilders soars 7% on signing LOI with European client

In past six months, the stock price of MDL has zoomed 220 per cent, as against 10 per cent gain in the S&P BSE Sensex.