Cochin Shipyard Share Price Surges on Order for 70-Ton Bollard Pull Tugs from Polestar

Cochin Shipyard Limited (CSL), a premier shipbuilding and maintenance facility in India, has secured a notable order from Polestar Maritime Limited for constructing two 70-ton Bollard Pull Tugs. The tugs are scheduled for delivery in May 2027 and September 2027, reinforcing CSL’s growing leadership in harbour tug construction and marine services innovation.

Cochin Shipyard: Details of the New Tug Order

The latest order involves two 70-ton Bollard Pull Tugs that will be designed by Robert Allan Limited, a globally respected design house for harbour tugs. These vessels will be jointly constructed under a work-share arrangement between CSL and its wholly owned subsidiary, Udupi Cochin Shipyard Ltd (Udupi-CSL). This builds upon the earlier contract of three similar tugs already awarded to Udupi-CSL by Polestar Maritime.

Strategic Relevance and Industry Impact

This contract represents CSL's commitment to the Government of India’s Approved Standard Tug Design and Specifications (ASTDS) and the Atma Nirbhar Bharat initiative. The joint construction approach supports local manufacturing and benchmarks international standards in quality and delivery timelines. With this order, CSL Group’s current order book now includes 18 tugs and 2 green tugs at various stages of construction.

Power and Design Specifications

The tugs will feature dual main engines of 1,838 kW each and 2.7 metre propellers, supplied by Niigata IHI Power Systems Co., Ltd. of Japan. These technical specifications ensure high performance for harbour operations, coastal towing and port-based marine services, aligning with Polestar Maritime’s niche focus areas.

Read More: Mazagon Dock to Acquire 51% Stake in Colombo Dockyard for ₹452 Crore!

Part of a Growing Make in India Portfolio

CSL has already delivered four tugs under the Make in India programme and is positioning itself at the forefront of green maritime technology. The company is set to participate in India’s Green Tug Transition Programme (GTTP) with future battery electric tugs. The repeat order from Polestar underscores CSL’s reliability and reputation in the Indian maritime industry.

Cochin Shipyard Share Price Performance

On June 30, 2025, Cochin Shipyard share price opened at ₹2,064.50 on NSE, above the previous close of ₹2,044.20. During the day, it surged to ₹2,087.20 and dipped to ₹2,060.80. The stock is trading at ₹2,065.00 as of 9:21 AM. The stock registered a gain of 1.02%.

Over the past week, it has declined by 4.64%, over the past month, it has moved up by 7.38%, and over the past 3 months, it has moved up by 48.15%.

Conclusion

The repeat order from Polestar Maritime for two 70-ton Bollard Pull Tugs further strengthens CSL’s portfolio and presence in the domestic shipbuilding space. The collaboration with Udupi-CSL and alignment with national initiatives like ASTDS and GTTP make this a significant step toward indigenous maritime excellence.

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