CMA CGM and Cochin Shipyard: USD 360 Million LNG Feeder Order
Why in the news
A major French shipping group placed a large shipbuilding order with an Indian yard, boosting domestic shipbuilding.
Key facts
| Item | Detail |
|---|---|
| Buyer | CMA CGM (France) |
| Builder | Cochin Shipyard Limited |
| Order | Six LNG-fuelled feeder container vessels |
| Value | USD 360 million |
| Build site | Kochi |
Exam angle
- Fuel: LNG.
- Vessel type: feeder container ships.
- Buyer country: France.
Significance
- Shows a global shipping major turning to an Indian yard for container vessels.
- Boosts domestic shipbuilding at Kochi.