Cochin Shipyard Share Price in Focus; Signs Shipbuilding Contract with CMA CGM for LNG-Powered Feeder Vessels

Cochin Shipyard Limited has entered into a formal agreement with France-based shipping group CMA CGM for the construction of LNG-fuelled feeder container vessels. 

The development follows an earlier Letter of Intent signed in October 2025 and provides greater execution visibility for the company’s commercial shipbuilding operations over the coming years.

Cochin Shipyard Contract Overview

Cochin Shipyard Limited informed the stock exchanges that it has signed a definitive contract with CMA CGM for the design and construction of six feeder container vessels. Each vessel will have an approximate capacity of 1,700 twenty-foot equivalent units (TEU) and will be powered by liquefied natural gas (LNG).

The agreement converts the previously announced Letter of Intent into a binding shipbuilding contract, confirming the commercial and technical terms between both parties.

Cochin Shipyard Order Classification and Timeline

The company has categorised the project as a “Mega” order under its internal order classification framework, which applies to contracts valued above ₹2,000 crore.

According to the agreed schedule:

• The first vessel is expected to be delivered within 36 months.
• Delivery of the final vessel is planned within 64 months.

The phased execution indicates a multi-year revenue stream linked to construction milestones.

Cochin Shipyard Background of the Earlier Announcement

In October 2025, Cochin Shipyard had disclosed securing a large order from a European client and signing a Letter of Intent for the same project. The latest announcement confirms the transition from preliminary agreement to a fully executed contract.

The company also stated that the transaction does not involve related-party arrangements, and no promoter or group entities have any interest in the awarding client.

Industry Context and Strategic Relevance

The adoption of LNG propulsion reflects broader changes within the global shipping industry, where operators are gradually shifting towards cleaner fuel alternatives to comply with emission norms and environmental regulations.

For shipbuilders, contracts involving alternative-fuel vessels can support order book diversification and align capabilities with evolving maritime requirements.

Cochin Shipyard Share Price Performance

As of 19 February 2026 at 09:38 AM, shares of Cochin Shipyard Limited were trading at ₹1,538.30, up ₹9.20 or 0.60% compared with the previous close of ₹1,529.10.

Conclusion

The signing of the formal contract marks the progression of Cochin Shipyard’s earlier LOI into a confirmed shipbuilding project with defined delivery timelines. The order contributes to long-term execution visibility while reflecting ongoing shifts in the maritime sector towards LNG-powered vessels.

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