Cochin Shipyard is building two vessels for Cyprus Partners
PORTS & SHIPPING

Cochin Shipyard is building two vessels for Cyprus Partners

State-owned and Mumbai-listed Cochin Shipyard Ltd. is currently engaged in the construction of two zero-emission Commissioning Service Operation Vessels (CSOVs) for H.M. Pelagic Partners Ltd., a Cyprus-based alternative investment fund manager. This contract, valued at over ?350 million, also includes provisions for four optional ships.

This marks Pelagic Partners' inaugural order following its foray into the offshore wind segment with the establishment of the 'Pelagic Wind Fund,' its third fund. Additionally, Pelagic Partners has established Pelagic Wind Services (PWS) to serve as the exclusive commercial and technical manager for its offshore wind supply vessel fleet.

Norwegian company Kongsberg Maritime has secured a NOK 300 million contract from Pelagic Wind Services to provide advanced vessel design and equipment for the two new CSOVs being constructed at Cochin Shipyard. Kongsberg Maritime, a wholly-owned subsidiary of Kongsberg Gruppen, in which the Norwegian government holds a majority share, is renowned for its UT 5520 MH-design, which forms the basis for the purpose-built CSOVs.

The vessels, christened 'Pelagic Walu' and 'Pelagic Wahoo,' are anticipated to be delivered in 2025 and 2026, with optional vessels scheduled for 2026 and 2027. Designed for service operations during the commissioning and operation of offshore wind parks, these vessels boast advanced dynamic positioning systems and a wide operational window to optimise efficiency in challenging weather conditions.

Notably, the CSOVs are equipped with dual-fuel engines and hybrid propulsion systems, enabling zero-emission capabilities. The vessels prioritise environmental sustainability while providing superior onboard facilities, including accommodations comparable to high-end hotels, recreational amenities, motion-compensated walk-to-work gangways, and advanced software packages for decision support and forecasting.

Pelagic Partners anticipates positioning itself as a key player and trusted partner in the offshore wind industry through this venture. Meanwhile, Kongsberg Maritime has inaugurated a new facility in Kochi, underscoring its commitment to enhancing customer support and fostering strategic partnerships in line with India's 'Make in India' initiative. This move is seen as a positive step towards strengthening business ties between Norway and India, leveraging the expertise of Cochin Shipyard, and bolstering the maritime ecosystem in Kochi.

State-owned and Mumbai-listed Cochin Shipyard Ltd. is currently engaged in the construction of two zero-emission Commissioning Service Operation Vessels (CSOVs) for H.M. Pelagic Partners Ltd., a Cyprus-based alternative investment fund manager. This contract, valued at over ?350 million, also includes provisions for four optional ships. This marks Pelagic Partners' inaugural order following its foray into the offshore wind segment with the establishment of the 'Pelagic Wind Fund,' its third fund. Additionally, Pelagic Partners has established Pelagic Wind Services (PWS) to serve as the exclusive commercial and technical manager for its offshore wind supply vessel fleet. Norwegian company Kongsberg Maritime has secured a NOK 300 million contract from Pelagic Wind Services to provide advanced vessel design and equipment for the two new CSOVs being constructed at Cochin Shipyard. Kongsberg Maritime, a wholly-owned subsidiary of Kongsberg Gruppen, in which the Norwegian government holds a majority share, is renowned for its UT 5520 MH-design, which forms the basis for the purpose-built CSOVs. The vessels, christened 'Pelagic Walu' and 'Pelagic Wahoo,' are anticipated to be delivered in 2025 and 2026, with optional vessels scheduled for 2026 and 2027. Designed for service operations during the commissioning and operation of offshore wind parks, these vessels boast advanced dynamic positioning systems and a wide operational window to optimise efficiency in challenging weather conditions. Notably, the CSOVs are equipped with dual-fuel engines and hybrid propulsion systems, enabling zero-emission capabilities. The vessels prioritise environmental sustainability while providing superior onboard facilities, including accommodations comparable to high-end hotels, recreational amenities, motion-compensated walk-to-work gangways, and advanced software packages for decision support and forecasting. Pelagic Partners anticipates positioning itself as a key player and trusted partner in the offshore wind industry through this venture. Meanwhile, Kongsberg Maritime has inaugurated a new facility in Kochi, underscoring its commitment to enhancing customer support and fostering strategic partnerships in line with India's 'Make in India' initiative. This move is seen as a positive step towards strengthening business ties between Norway and India, leveraging the expertise of Cochin Shipyard, and bolstering the maritime ecosystem in Kochi.

Next Story
Infrastructure Urban

We are shaping the next era of vertical mobility

Otis, a global leader in elevator and escalator solutions, is focusing on growth strategies for 2025. Sebi Joseph, President of Otis India, speaks with CW about sector trends and the company’s future plans.What are your key growth strategies for 2025?At the heart of our strategy for 2025 is a commitment to harness India’s growth potential, adapting to the changing landscape, and being a driving force in shaping the future of urban mobility. Our progress will be powered by:Tapping into emerging cities: India's tier 2 and 3 cities, including Jaipur, Indore, and Kochi, are driving rapid ..

Next Story
Real Estate

Brookfield REIT Q3 NOI Rises 11% to Rs 5.03 Bn

Brookfield India Real Estate Trust reported an 11 per cent increase in adjusted net operating income (NOI) to Rs 5.03 billion for the quarter ended December 2024.In a regulatory filing, the company also declared distribution of Rs 29billion  or 4.90 per unit for the quarter ended December 31, 2024.Adjusted Net Operating Income grew by 40 per cent year-on-year during the April-December period of this fiscal to Rs 14.64 Bn from Rs 10.45 billiom in the year-ago period.Brookfield India REIT manages 10 Grade A assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata.The Brookfield India REIT ..

Next Story
Infrastructure Transport

Gurugram’s Key Corridor Set for Expansion

The National Highways Authority of India (NHAI) is set to develop a six-lane surface road and a flyover along the high-traffic stretch between Hero Honda Chowk and Umang Bhardwaj Chowk in Gurugram. The project, estimated at Rs 2.1 billion, aims to decongest one of the city's busiest corridors. The Gurugram Metropolitan Development Authority (GMDA), overseeing the project, has already funded utility relocations. Authorities are now finalizing cost estimates for shifting electricity, water, and sewage lines, with relocation work expected to take six months. Initially planned in 2021, the 3.2-k..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000