Cochin Shipyard Limited signed MoU with United Shipbuilding Corporation

Cochin Shipyard Limited signed MoU with United Shipbuilding Corporation Russia aim to collaborate and engage in Design, Development and Execution of modern shipping vessels

The Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with United Shipbuilding Corporation (USC), Russia on February 2, 2018, in New Delhi.

The MoU was signed between CSL, Chairman & Managing Director, Madhu S Nair, and Mr. Alexey Rakhmanov, President, USC, Russia.

The MoU signed will aim to collaborate and engage in Design, Development and Execution of modern shipping vessels for Inland and Coastal Waterways.

The MoU will chiefly focus to develop High-Speed Vessels, Passenger Vessels, River-Sea Cargo Vessels, Dredgers and other watercrafts for Inland waterway and Coastal shipping.

The MoU would enhance capacity to develop eco-friendly and economic transportation along India’s inland waterways and Coastal shipping routes under Sagarmala Project.

Cochin Shipyard Limited (CSL) has recently incorporated a JV Company by name HCSL (Hooghly Cochin Shipyard Limited) at Kolkata, West Bengal, with plans of setting up an exclusive facility for construction and repair of vessels for inland and coastal waterways.

United Shipbuilding Corporation (USC) is a Joint Stock company and the largest shipbuilding holding in Russia incorporating about 40 enterprises including shipyards, with more than 300 years of expertise, having a significant contribution towards the growth of inland waterways in Russia.