The collaboration aims to evaluate and develop ship repair clusters in Cochin
Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) have signed an ‘Agreement of Heads of Terms’ to evaluate and develop India’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Cochin, Kerala.
The MoU was exchanged in the presence of the Union Minister of Ports, Shipping and Waterways (MoPSW), Shri Sarbananda Sonowal and HE Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, between Captain Rado Anotolovic, PhD, CEO, Drydocks World, and Madhu S Nair, Chairman and Managing Director, Cochin Shipyard Limited, during the recently concluded India Maritime Week 2025 (October 27 to 31) in Mumbai.
Strategically located along major international shipping routes, the ISRF features a state-of-the-art ship lift system and modern docking facilities capable of servicing a wide range of vessels. CSL and Drydocks World will together evaluate and explore potential models of cooperation within the ship repair cluster ecosystem.
Maritime capabilities
The collaboration will facilitate future growth in India’s maritime capabilities and contribute to the nation’s position as an emerging hub for global maritime services.
“Together, we aim to make Cochin the region’s preferred destination for ship repair and maritime services, supporting India’s ambition to become a leading global maritime hub,” asserted Captain Anotolovic.
“Leveraging our complementary strengths, we aim to elevate India’s ship repair and maintenance standards to global benchmarks and position Cochin as a centre of excellence serving regional and international fleets,” observed Nair.
