Drydocks World, Cochin Shipyard Limited Enter Agreement to Develop Ship Repair Cluster in Kerala

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 august presence of the Union Minister of Ports, Shipping and Waterways (MoPSW), Shri Sarbananda Sonowal and H.E. 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 India Maritime Week 2025 in Mumbai.

Strategically located along major international shipping routes, the ISRF features a ship lift system and 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. 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.

The agreement represents a major step towards advancing the Maritime Amrit Kaal Vision 2047, which positions Cochin as a key location for developing next-generation ship repair infrastructure.