
New Milestone in Maritime history, Udupi Cochin Shipyard Delivers First Green Cargo Vessel to Norway
Mangaluru: In a significant stride for India's maritime manufacturing and its Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, the largest short-sea shipping operator in Europe.
The 3,800 DWT vessel, christened Wilson Eco 1, was formally delivered today at a ceremony held at the New Mangalore Port. The ship is part of an ambitious collaboration under Norway's green funding programme for sustainable maritime transport and represents a landmark entry for Indian shipbuilding into the European market for eco-friendly cargo carriers.
The delivery marks the first in a series of six vessels built at a total project cost of ₹506 crore. Notably, following the commencement of this contract, Wilson Ship Management AS placed an additional order with UCSL for eight 6,300 DWT general cargo vessels worth ₹1,041 crore, underscoring the strategic value of this Indo-Norwegian partnership.
Dr. Sushma Akkaraju, spouse of Dr. Venkata Ramana Akkaraju, Chairman of the New Mangalore Port Authority, christened the vessel in the presence of dignitaries from Wilson Ship Management, UCSL, CSL, Bureau Veritas, and the Port Authority.
Green Engineering and Global Design
Designed by Conoship International, a Dutch firm known for cutting-edge marine engineering, Wilson Eco 1 features a diesel-electric propulsion system and is 'future-proofed' for upgrades, including wind-foil units and battery hybridisation. It is engineered for all-weather, unrestricted operations across inland and coastal European waters.
With a length of 89.43 metres and a beam of 13.2 metres, the vessel runs at 10.5 knots using only 750kW of propulsion power. It is classed by Bureau Veritas and sails under the Norwegian flag.
The project generated direct employment for over 800 individuals and engaged an extensive network of Indian MSMEs. Additionally, UCSL partnered with national skill development agencies to train and certify 100–150 workers in diesel-electric marine systems, building long-term industry capacity for high-value exports.
'The successful delivery of Wilson Eco 1 is not just a technological milestone but a statement of India's growing competence in building complex, sustainable vessels for global markets,' said Shri Harikumar A., CEO of UCSL. The delivery signals India's shift from being a buyer to a builder and exporter of green maritime solutions.
A Shipyard's Comeback Story
UCSL, formerly TEBMA Shipyards Ltd., was revived after CSL's acquisition in 2020 through an NCLT order. Since 2021, it has delivered multiple landmark projects, including aluminium ferries for the Kochi Water Metro and ocean-going tugs under the PMMSY scheme.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
22 minutes ago
- Time of India
1st time since Independence, Aizawl will be in Indian rly map: Vanlalruati
1 2 3 4 Aizawl: The state capital is set to join the national railway map with the Bairabi-Sairang rail line being operational by June or July due to the concerted efforts made by the Centre led by Prime Minister Narendra Modi, BJP's state executive member and vice-president of the party's Aizawl district K Vanlalruati said on Sunday. Vanlalruati informed TOI, "Progress accelerated after the NDA govt came to power in 2014 with Mizoram being first linked to the broad gauge network at Bairabi in 2016. Now, for the first time since Independence, Aizawl city will be in the Indian railway map." Operation of the railway service will mark a historic step for regional connectivity and the Sairang Railway Station is being modernised under the Amrit Bharat Scheme, she said. Underscoring the importance of road communication in the state, she said key projects like the Aizawl-Tuipang Highway and Seling-Champhai Corridor have been completed under the Modi govt and have improved links to Myanmar, Bangladesh as well as neighbouring states such as Assam, Tripura and Manipur, boosting trade and mobility. BJP state unit has been launching an awareness programme on '11 Years Of Modi Govt' across the state to educate the common people on the benefits of the numerous central govt's flagship programmes and schemes, she said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo "Connectivity has improved significantly under Modi's govt, with over 1,000km of national highways developed, including 620km completed by the National Highway Infrastructure Development Corporation Limited (NHIDCL). In the last four years, NHIDCL has executed works worth over Rs 13,000 crore across these 620km and Rs 6,400 crore has been sanctioned for future NHIDCL projects, which are scheduled to commence soon," Vanlalruati said. In housing, over 48,000 homes have been built under PM Awas Yojana with Aibawk town becoming India's first completed urban cluster, and Aizawl is seeing Rs 513 crore worth of development under the Smart Cities Mission, she said, adding that over 1.24 lakh households have received tap water connections under Jal Jeevan Mission in Mizoram.


India.com
37 minutes ago
- India.com
Russia Drops Historic Super Fighter Bombshell For India; Know What Left America Stunned
New Delhi: Russia has put a game-changing offer on India's table – full access to the source code of its cutting-edge Su-57 stealth fighter jet. This is no longer about buying planes. Moscow is now offering New Delhi not only the supply of its advanced fifth-generation Su-57E fighter but also the complete software technology behind it, plus permission to build the aircraft domestically. This proposal comes as India is seriously weighing the purchase of America's F-35A stealth fighters, leaving the country at crossroads between two global powers. So, what makes Russia's offer so special? For starters, India would get complete access to the Su-57E's source code, allowing Indian engineers to integrate their own weapons and avionics systems. This means a massive boost to India's 'Make in India' ambitions, as the country can not only assemble but manufacture this stealth fighter on its own soil. India could equip the jet with indigenous missiles such as Astra, Rudram and other homegrown weaponry, customising it to its specific defense needs. On the other hand, America's F-35A is widely regarded as a technological marvel, but the United States remains protective of its secrets. India would only get a limited number of F-35 jets, with restricted access to their full capabilities and no software source code handed over. The deal with the United States offers political and strategic advantages, especially through alliances like the QUAD, but it falls short in terms of full technological empowerment. India now faces a high-stakes strategic dilemma. Russia has been a trusted defense partner for decades and is ready to hand over critical technology that can make India self-reliant in the skies. Meanwhile, the United States promises strong diplomatic ties and political support but with limited technological sharing. For India's military modernisation and future readiness, Russia's offer is tempting — full control, local manufacturing and complete sovereignty over an advanced stealth fighter. Choosing between these two giants is more than a procurement decision. It is also about India's long-term defense strategy and where it places its trust – in the tech-rich but cautious the United States or the open-handed yet traditional Russian partner. Whatever India decides will shape its military strength and geopolitical stance for decades to come.


Time of India
38 minutes ago
- Time of India
Over a dozen companies line up IPOs in 3-6 months
NEW DELHI: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilising secondary market and easing geopolitical tensions, merchant bankers said. Among the companies preparing to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, National Securities Depository Ltd (NSDL), Kalpataru, Rubicon Research, All Time Plastics, Regreen-Excel EPC India, and Paramesu Biotech, they added. Additionally, Credila, SK Finance, Veritas Finance, Paras Healthcare, CIEL HR Services, Avanse Financial Services, Drof-Ketal Chemicals India, Brigade Hotel Ventures and Shreeji Shipping are looking to launch their IPOs. All these companies have already received clearance from the markets regulator Securities and Exchange Board of India (Sebi). These companies are mobilising funds to support capital expenditure requirements especially for expansion plans, repayment of borrowings, and for general corporate purposes. This renewed activity follows the launch of six IPOs last month, including Schloss Bangalore, the owner of luxury hotel chain The Leela. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Upto 15% Discount for Salaried Individuals ICICI Pru Life Insurance Plan Get Quote Undo However, the overall IPO activity in 2025 has slowed, with only 16 firms coming out with public issues so far, compared to 29 IPOs in the same period last year. The slowdown is attributed to ongoing volatility in the equity market due to a mix of global and domestic factors. This shift followed a remarkable 2024, in which 91 maiden public issues collectively raised Rs 1.6 lakh crore, driven by robust retail participation, a resilient economy, and booming private capital expenditure. Despite the cautious start to 2025, there are promising signs. A growing number of companies are filing documents, and the second half of the year is expected to witness robust IPO activity. "We will see robust activity in the IPO markets in the second half of 2025 as a good set of companies are looking to launch their public issues. There is a good appetite among investors for attractively priced IPOs," said Saahil Kinkhabwala, director, investment banking, Monarch Networth Capital. Pranjal Srivastava, partner, investment banking, Centrum Capital, noted that the Indian IPO market's sluggish beginning in 2025 reflects cautious investor sentiment amid global economic uncertainties and domestic market volatility. "While the pipeline remains strong with several companies awaiting regulatory approvals and DRHP filing momentum continuing as last year, both issuers and investors are taking a wait-and-watch approach. We expect activity to pick up gradually during the rest of the year as market conditions stabilise and confidence returns," he added. So far, 65 companies have received final observations from Sebi, and another 65 are awaiting final clearance, a necessary step before launching public issues. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now