Cochin Shipyard Limited has secured a landmark $360 million contract from French shipping giant CMA CGM to build six LNG-powered feeder container vessels. This deal, formalized in New Delhi on February 18, 2026, boosts CSL’s order book to around ₹23,000 crore and marks India’s first major foreign order for LNG-fueled ships from a domestic yard.
Each vessel has a 1,700 TEU capacity and costs approximately $60 million, powered by LNG to reduce emissions. Delivery starts in 36 months for the first ship, with the last due within 64 months; the order qualifies as “Mega” under CSL’s criteria for projects over ₹2,000 crore.
The contract follows a Letter of Intent signed on October 14, 2025, with technical input from South Korean firm HD Hyundai Heavy Industries.
Rodolphe Saadé, CMA CGM Chairman and CEO, highlighted the partnership’s role in sustainable shipping and India’s Maritime Vision 2047, including plans for container manufacturing and seafarer recruitment. CSL, a leading Indian shipbuilder, gains international prestige while aligning with global decarbonization efforts.
CSL shares closed up 0.22% at ₹1,529.60 on BSE post-announcement, reflecting investor confidence in the firm’s growth amid a strong order pipeline.
