Overview
- CMA CGM signed a letter of intent with Cochin Shipyard to build six 1,700 TEU dual-fuel, LNG-ready container vessels.
- The agreement marks the first time a major international liner has commissioned LNG-capable ships from an Indian shipyard.
- Deliveries are slated for 2029 to 2031 with technical cooperation from South Korea’s HD Hyundai.
- All six vessels will carry the Indian flag, complementing CMA CGM’s 2025 reflagging of four ships and expanded Indian crewing targets.
- The order is reported at about $300 million, aligning with India’s shipbuilding push supported by a Rs 69,725 crore government package.