Anchoring Ambitions: Drydocks World & Cochin Shipyard Chart Course for India’s First Ship Repair Cluster

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Drydocks World and Cochin Shipyard Limited have signed a strategic agreement to jointly develop India’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Kochi, Kerala. The partnership aims to boost maritime infrastructure, enhance vessel servicing capabilities, and position India as a global hub for ship repair excellence.

Docking into the Future: Kerala’s Maritime Makeover Begins with Drydocks-CSL Pact

In a landmark move for India’s maritime sector, Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) have entered into an Agreement of Heads of Terms to evaluate and develop the country’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Kochi, Kerala. The agreement was formalized during India Maritime Week 2025 in Mumbai, in the presence of Union Minister Sarbananda Sonowal and DP World Chairman Sultan Ahmed bin Sulayem.

Key Highlights of the Strategic Agreement:

Location Advantage

The ISRF is strategically located along major international shipping routes, making it ideal for servicing a wide range of vessels.

It features a state-of-the-art ship lift system and modern docking facilities, enabling efficient turnaround times.

Collaborative Vision

The partnership will explore cooperative models within the ship repair ecosystem, including technology sharing, workforce training, and joint operations.

The goal is to create a globally competitive maritime hub that supports both domestic and international fleets.

Boost to Maritime Amrit Kaal Vision 2047

The initiative aligns with India’s long-term maritime strategy, aiming to modernize infrastructure, generate employment, and enhance service exports.

It supports the government’s push to make India a preferred destination for marine services.

Leadership Remarks

Captain Rado Anotolovic, CEO of Drydocks World, and Madhu S Nair, CMD of CSL, emphasized the transformative potential of the cluster.

Both leaders highlighted the importance of sustainability, innovation, and global collaboration in shaping the future of ship repair.

Economic & Strategic Impact

The cluster is expected to reduce dependence on foreign shipyards, cut costs, and improve fleet readiness for Indian shipping companies.

It will also attract foreign vessels, boosting Kerala’s economy and India’s maritime reputation.

This agreement marks a watershed moment for India’s marine engineering landscape, promising to turn Kochi into a beacon of ship repair excellence in the Indo-Pacific region.

Sources: The Hindu BusinessLine, Deccan Herald, MarineLink

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