Drydocks World has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), with the aim of developing ship repair clusters within India, building on synergies between the two companies and capitalising on their respective strengths. This is expected to bring global best practices to the ship repair sector in the country and add significant new capacities.
Two locations in particular, Kochi and Vaidinar, are singled out for particular focus as new shiprepair centres to be developed under the terms of the new MOU
The MOU also provides for cooperation in potential offshore fabrication opportunities, engaging with other entities including India’s major ports.