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Cochin Shipyard Ltd has approved the acquisition of a 23% equity stake in Netherlands-based Conoship International Holding B.V. as part of its plan to strengthen its footprint in the European shipping market. The investment will support collaboration in ship design and engineering, especially for vessels using alternative fuels and serving coastal and inland transport segments. The board also cleared the formation of a joint venture with HBL Engineering to develop electric mobility and energy storage solutions for marine use, marking a broader push into future-ready maritime technologies.
Cochin Shipyard Ltd has decided to acquire a 23% stake in Conoship International Holding B.V., a ship design and engineering company headquartered in the Netherlands. The decision was approved by the company's board and is aimed at enhancing Cochin Shipyard's presence in the European shipping market through closer technical and design collaboration. Advertisement
The transaction will be completed after signing definitive agreements and receiving necessary statutory and government approvals. The acquisition value will be finalised at that stage. This investment marks Cochin Shipyard's first structured equity participation in a foreign ship design firm and reflects its intent to move beyond pure shipbuilding into design-led and technology-driven partnerships.
Conoship has an established portfolio covering general cargo vessels, tankers, container ships, dredgers, ferries and offshore vessels. The partnership is expected to support joint development of ship designs suited for alternative fuels, short-sea shipping, coastal movement and inland water transport, areas that are gaining attention due to environmental norms and operational efficiency requirements in Europe.
Alongside this investment, the board also approved the formation of a joint venture with HBL Engineering Ltd. The proposed venture will focus on electric propulsion systems, energy storage solutions and related technologies for marine applications. Under the arrangement, HBL Engineering will hold a 60% stake, while Cochin Shipyard will own 40%. Investment commitments will be finalised at the time of executing formal agreements.
The joint venture is aligned with the growing shift towards electric and hybrid marine solutions, particularly for ferries, harbour crafts and short-distance vessels. It also supports India's broader push towards domestic manufacturing and technology development in the maritime sector.
These decisions come at a time when Cochin Shipyard has been steadily expanding its international order book. In the past year, its subsidiary Udupi Cochin Shipyard secured an order worth around INR 1,100 crore to build eight diesel-electric dry cargo vessels for a European client, with designs sourced from Conoship. The company has also delivered vessels to European operators and continues to see demand from overseas markets.
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