Cochin Shipyard signs $360 million mega deal with French firm CMA CGM for six LNG vessels – CNBC TV18

State-run Cochin Shipyard Ltd (CSL) on Wednesday (February 18) said it has signed a formal contract with France-based CMA CGM, worth around $360 million (around ₹3,267 crore) for the construction of six 1,700 TEU LNG-fuelled feeder container vessels.

With the latest win, the company’s total order book has reached around ₹23,000 crore. Each LNG-powered containership will be of 1700-TEU (20-foot container equivalent) capacity and will cost around $60 million.

The development follows Cochin Shipyard’s earlier communication dated October 14, 2025, informing about the signing of a Letter of Intent (LOI) with a prominent European client for the design and construction of six feeder container vessels, each with a capacity of about 1,700 TEU and powered by liquefied natural gas (LNG).

Also Read: Cochin Shipyard bags Navy vessel contract worth ₹5,000 crore

As previously stated, the order is categorised as a Mega order as per CSL’s order classification criteria. Under the contract, the first vessel is scheduled for delivery in 36 months and the last vessel within 64 months. As per the company’s order classification, projects above ₹2,000 crore are categorised as Mega.

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, said, “I am pleased to be in India to deepen the strategic partnership, which has linked CMA CGM and India for nearly four decades. Today, we arestrengthening our shipbuilding cooperation with Cochin Shipyard through the signing of six LNG-powered container vessels.” When asked about plans related to developing containers in India, Saadé replied affirmatively.

Headquartered in Marseille, France, CMA CGM is a global player in sea, land, air and logistics solutions having presence in 177 countries. State-owned Cochin Shipyard is one of the leading shipbuilding and repair yards in India.

Also Read: Cochin Shipyard shares gain over 5% as it bags contract worth ₹5,000 crore for Indian Navy

Shares of Cochin Shipyard Ltd ended at ₹1,529.60, up by ₹3.35, or 0.22%, on the BSE.