ENA Sectors 2025-10-16 18:09:57 <p><span style="font-size:14px"><strong>New Delhi, Oct 16 (KNN)</strong> In a major boost to Indias shipbuilding ambitions, French shipping giant CMA CGM has placed a $300 million order with Cochin Shipyard Limited (CSL) to build six LNG-powered container vessels, each with a capacity of 1,700 TEUs. </span></p> <p><span style="font-size:14px">This is the first time a leading global shipping company has commissioned container ships from an Indian shipyard, signalling global confidence in Indias growing maritime manufacturing capabilities.</span></p> <p><span style="font-size:14px">For Cochin Shipyard&mdash;best known for constructing Indias first indigenously built aircraft carrier, INS Vikrant&mdash;the order is a landmark achievement. </span></p> <p><span style="font-size:14px">The company recently partnered with HD Korea Shipbuilding &amp; Offshore Engineering (KSOE) to enhance its technical and design expertise, which helped secure this prestigious deal.</span></p> <p><span style="font-size:14px">India currently accounts for less than 1% of global container shipbuilding and ranks 16th worldwide. However, with this deal and government support, the country aims to enter the top 10 shipbuilding nations by 2030 and the top 5 by 2047.</span></p> <p><span style="font-size:14px">The governments Shipbuilding Financial Assistance (SBFA) 2.0 scheme&mdash;offering 20 25% incentives for advanced or green vessel construction&mdash;has made Indian shipyards more competitive globally.</span></p> <p><span style="font-size:14px">Industry experts believe the CMA CGM order will not only enhance Indias global credibility but also attract more foreign orders, boost local manufacturing, and create new jobs. It also highlights the potential of Indian yards to contribute to the global transition towards cleaner, LNG-fuelled vessels.</span></p> <p><span style="font-size:14px">This landmark agreement marks a turning point for Indias shipbuilding industry&mdash;transforming it from a largely domestic player into a credible contender in the international maritime market.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 43827 https://knnindia.co.in/news/newsdetails/sectors/india-begins-global-container-shipbuilding-with-cma-cgm-300-million-order-to-cochin-shipyard 2025-10-16 18:09:57 knnindia.co.in