Cochin shipyard may get new dock

With the construction of Indigenous Aircraft Carrier (IAC) INS Vikrant in advanced stage, Cochin Shipyard Ltd is planning to go in for a new dock capable of repairing jack up rig, semi submersibles and large aircraft carrier, a release said.
In the last decade, the company has built and exported over 40 ships to international owners based out of Norway, USA, Saudi Arabia and Abu Dhabi making it the leading ship building facility in the country.
“Cochin Shipyard, is today, the best performing shipyard in India. The yard has registered significant growth from its modest beginnings in 1972. The shipyard’s turnover increased from Rs 720 crores in 2006-07 to Rs 1,554 crores in 2012-13. The net profit during the period increased from Rs 58 crores to Rs 185 crores,” it said.The ship yard also signed an agreement with Cochin Port Trust to establish a ship repairing facility. It has recently taken over about 42 acres of land with the existing graving dock for the purpose.
The other prestigious project undertaken by CSL for the nation’s security is that of 20 Fast Patrol Vessels for the Indian Coast Guard. These ships are capable of extremely high speed of 33 knots and though small in size are complex and technologically challenging.
Source: Deccan Chronicle