Cochin Shipyard Limited (CSL) announced the formal signing of a shipbuilding contract with a prominent European Client for the construction of six (6) 1,700 TEU LNG-fuelled feeder vessels. This follows the initial Letter of Intent (LOI) announced on October 14, 2025. The order has been classified as a Mega* order, with deliveries scheduled between 36 and 64 months from the signing date of February 18, 2026.
Confirmation of Mega* Shipbuilding Contract
Cochin Shipyard Limited (CSL) has formalized the agreement for a significant new order, moving beyond the initial Letter of Intent (LOI) previously communicated on October 14, 2025. Today, February 18, 2026, CSL executed the formal contract with M/s. CMA CGM, France, in New Delhi for the design and construction of six (6) feeder container vessels.
Vessel Specifications and Order Value
Each vessel contracted will feature a capacity of approximately 1,700 TEU and will be powered using Liquefied Natural Gas (LNG) as fuel, highlighting CSL’s capability in modern, green technology shipbuilding.
This order is categorized as a Mega* order based on CSL’s internal classification criteria. Although the exact value is not specified in this update, the preceding LOI announcement classified the order value as Above ₹2000 Crore (Mega category).
Delivery Schedule
The contract specifies a clear delivery timeline: the first vessel is scheduled for delivery within 36 months of the contract signing. The final vessel in the series of six is expected to be delivered within a maximum period of 64 months from February 18, 2026.
Source: BSE
