France’s CMA CGM Signs USD 360 million deal with Cochin Shipyard for six LNG-Fuelled Container VesselsIn February 2026, Compagnie maritime d’affrètement – Compagnie générale maritime (CMA CGM), a France-based global shipping major, signed a contract with Cochin Shipyard Limited (CSL) in New Delhi, Delhi, to purchase six 1,700 TEU (Twenty-Foot Equivalent Unit) Liquefied Natural Gas (LNG)-fuelled feeder container vessels for a total consideration of USD 360 million (over Rs 3,200 crore).
- The contract has increased CSL unexecuted order book to around Rs 23,000 crore, marking the first-ever ‘Made in India’ container ship order awarded by a global shipping major to an Indian shipyard.
Key Details of Deal :
Signatories: The contract was signed by Rodolphe Saadé, Chairman and Chief Executive Officer (CEO) of CMA CGM Group, and Jose VJ, Chairman and Managing Director (CMD) of CSL, in the presence of Union Minister of State (MoS) Shantanu Thakur, Ministry of Ports, Shipping and Waterways (MoPSW), and Vijay Kumar, Secretary, MoPSW.
Cost: The estimated cost per vessel is around USD 60 million.
Design: The vessels will be designed by Korea Maritime Consultants Co., Ltd. (KOMAC) and constructed at CSL shipbuilding facility in Kochi, Kerala.
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