Indian Shipbuilding Industry : News & Updates

India and Japan Advance Maritime Defence Partnership, Eye Joint Shipbuilding and Technology Projects

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The meeting between the Defence Ministers of India and Japan, in New Delhi, comes at a time of growing geopolitical tensions and sharpening strategic competition across the Indo-Pacific.

India and Japan on Thursday August 20, 2026, pushed their defence partnership into a more operational and industrial phase, with Defence Minister Rajnath Singh and his Japanese counterpart Shinjiro Koizumi signing a new arrangement on maritime security cooperation and agreeing to explore joint naval shipbuilding, mine countermeasure capabilities, ship repair and advanced defence technologies.

The two sides strongly opposed unilateral actions that impede freedom and safety of navigation and overflight, as well as attempts to change the status quo by force or coercion.

At the centre of the meeting was the signing of a Memorandum of Arrangement on Maritime Security Cooperation between India's Ministry of Defence and Japan's Ministry of Defence.

The framework is expected to strengthen cooperation between the Indian Navy and the Japan Maritime Self-Defense Force. The framework includes information sharing on Maritime Domain Awareness, Search and Rescue operations with a focus on Humanitarian Assistance and Disaster Relief.

The two Ministers also agreed to work to protect critical Sea Lines of Communication through naval visits, joint exercises, exchanges between personnel and subject matter experts, and logistical support, including access to ports and maintenance and repair facilities.

Beyond maritime exercise​

The maritime cooperation agenda, however, goes considerably beyond exercises. India and Japan agreed to move quickly towards concrete cooperation in areas of strategic and operational importance. To begin with, defence ministers inked the pact, including the enhancement of mine countermeasure capabilities and the possibility of joint development in naval shipbuilding and design.

The discussions could potentially open a new avenue for combining Japan's technological expertise with India's expanding shipbuilding and manufacturing capabilities under the 'Make in India' framework. That has been the most crucial part of the dialogue with Japan.

To begin with, defence ministers inked the pact, including the enhancement of mine countermeasure capabilities and the possibility of joint development in naval shipbuilding and design.

The two sides also agreed to deepen discussions on Japan's possible use of India's production capabilities in defence shipbuilding and related sectors. They further decided to work towards reciprocal provision of ship repair facilities.

Along with the joint development in shipbuilding, this could add to the possibilities of undertaking a ship repair arrangement in the near future.

For India, which is seeking to expand its naval presence across the Indian Ocean and develop itself into a major defence manufacturing hub, Japanese collaboration could bring access to specialised technologies and military and commercial industrial expertise.

For India, Japanese collaboration could bring access to specialised technologies and military and commercial industrial expertise

For Japan, India's growing shipbuilding capacity offers the possibility of developing a more resilient industrial and logistical presence across the Indo-Pacific.

UNICORN for the Indian Navy​

Another important element of the talks was the proposed transfer of the shipborne UNICORN integrated communications antenna system.

The project is expected to become the first defence equipment transfer project between India and Japan and has acquired symbolic importance for the bilateral defence relationship. The two Ministers reaffirmed their commitment to work towards its early realisation.

They also agreed to advance discussions on other defence equipment and technology projects by identifying operational requirements through consultations between the respective armed forces.

Another important element of the talks was the proposed transfer of the shipborne UNICORN integrated communications antenna system

Defence research and development is also set to emerge as an important pillar of the partnership. Rajnath Singh and Koizumi agreed to deepen cooperation between India's Defence Research and Development Organisation (DRDO) and Japan's Acquisition, Technology and Logistics Agency in advanced and emerging defence technologies.

The two countries also intend to convene a Defence Industry Forum, which could provide a platform for greater interaction between defence companies, research institutions and government agencies.

The meeting also underlined the growing operational engagement between the armed forces of the two countries. The Ministers welcomed the expansion of bilateral exercises, including the Army exercise Dharma Guardian and the maritime exercise JAIMEX. Ministers also noted progress in preparations for the Japan-India Air Force exercise Veer Guardian 26, scheduled to be held later this year. Significantly, fighter aircraft of the Japan Air Self-Defense Force are expected to visit India and participate in the exercise for the first time.

Fighter aircraft of the Japan Air Self-Defense Force are expected to visit India and participate in the exercise for the first time
The two sides agreed to increase the complexity of future exercises, integrate unmanned systems and explore the possibility of conducting joint exercises at short notice when opportunities arise. India and Japan will also promote exchanges between their Special Operations Forces and explore cooperation with India's proposed integrated theatre commands after they are established.

The wider Indo-Pacific was clearly at the heart of the discussions. However, such arrangements must take place on time. To ensure that the expanding agenda does not remain confined to individual projects, the two countries have decided to establish a new Working Group at the Director-General and Joint Secretary level.

The mechanism will coordinate cooperation across operational, intelligence, equipment, technology and industrial domains, to accelerate the various areas of engagement.

India-Japan 2+2 Dialogue​

The Ministers also agreed to accelerate discussions for holding the fourth India-Japan Foreign and Defence Ministerial, or "2+2", meeting in Tokyo later this year.

Koizumi's visit to India also carried considerable symbolism. The agreements reached in New Delhi signal that the India-Japan defence relationship is entering a more ambitious phase.

The agreements reached in New Delhi signal that the India-Japan defence relationship is entering a more ambitious phase
From information sharing and logistics to naval shipbuilding, advanced communications systems and defence research, the two countries are now attempting to build a partnership that is not merely diplomatic or symbolic, but increasingly operational and industrial.

For two major Indo-Pacific powers facing an uncertain regional security environment, India and Japan want their strategic convergence to translate into capabilities on the ground and at sea.
 
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HD Hyundai withdraws from 4,000 Cr Joint Venture with Cochin Shipyard at Kochi. Their main focus is on grounding their massive facility at Thoothukudi.
 
Who here thinks Hyundai isn't comfortable working with a DPSU given the work culture there ? Plus there aren't many partners going for it . And if the GoI & / or the GoTN is willing to host them & what's more subsidise their activities why shouldn't they take advantage of it & go solo ?

Not gone into the nitty gritty of the policy hence willing to be corrected by those well informed on the matter but to my mind just like in the rolling stock expansion program especially the Delhi Meerut RRTS where the tender was designed to exclude Train -18 / Vande Bharat ( the first crime ) selecting Alstom for the project instead of insisting on a JV with a local partner taking a leaf out of the Chinese playbook ( the second crime ) , we'd be missing a trick if we let Koreans & Japanese independently set up their ventures here.

The true returns would accrue only if we stand to absorb technology & set up our own independent shipping yards eventually creating a niche for ourselves in the market the way the Chinese have gone about their work .
 
NSHIPOL gets in-principle nod for ₹24,700 cr Odisha shipbuilding cluster

Odisha’s centuries-old maritime legacy is set to get a new industrial dimension, with the state’s first major shipbuilding cluster proposed along the Mahanadi riverbank in Kendrapada receiving the Centre’s nod.

The National Shipbuilding and Heavy Industries Park Odisha Ltd (NSHIPOL) has got in-principle approval under the Shipbuilding Development Scheme (SbDS) of the Ministry of Ports, Shipping and Waterways for the proposed ₹24,700 crore project, officials said on Monday.

The approval marks the first major step to turn Odisha’s long association with seafaring and maritime trade into a modern shipbuilding and heavy industries ecosystem.

NSHIPOL had submitted its application on July 30.

The proposed cluster, to come up along the northern bank of the Mahanadi, opposite the Iffco plant in Paradip, is expected to create an integrated ecosystem for shipbuilding, ship repair, and associated heavy industries.

The project will be developed through a special purpose vehicle (SPV) involving the Odisha Maritime Board (OMB) and Paradip Port Authority (PPA).

Officials said the competent authority granted in-principle approval after examining the proposal. The approval followed the recommendations/directions of the sixth meeting, on August 10, of the Inter-Ministerial Group for Shipbuilding (IMGB) of the National Shipbuilding Mission.

The project includes plans for one or more large shipyards having a combined building capacity of around 1.2 million gross tonnes (GT) a year. The original plan envisaged a dedicated waterfront of 2-2.5 km and an area of 2,000-2,500 acres.

The cluster is strategically positioned close to Paradip Port and Odisha’s mineral and industrial hinterland, giving it access to steel, coal and other raw materials as well as an established maritime logistics network.

The proposed ecosystem is likely to include ancillary industries such as engine manufacturing, steel fabrication, and marine equipment suppliers, besides common facilities, training centres, and research & development infrastructure.

“NSHIPOL will now prepare a project report covering the shipyard’s infrastructure requirements, proposed vessel specifications, capital expenditure, dredging and breakwater requirements and the financial model,” an official said.

It will also have to secure statutory approval, including environmental clearance and Coastal Regulation Zone (CRZ) permission, before moving to final approval under the scheme.

The company will subsequently submit its proposal along with the detailed project report, requisite statutory clearances, and investment commitments within the prescribed timeline for final approval.
P L Haranadh, chairperson of the Paradip Port Authority, termed the in-principle approval an important milestone in Odisha’s maritime development journey.

“The proposed shipbuilding and heavy industries park has the potential to strengthen shipbuilding capabilities, attract investment, create employment opportunities, and promote the development of ancillary industries in the region,” he said.

The Centre’s shipbuilding scheme envisages state-level clusters with shared infrastructure to improve competitiveness, attract private investment, and create jobs.

The state’s Economic Survey had identified the national mega shipbuilding cluster in Kendrapara, while the NITI Aayog’s economic plan for the Bhubaneswar-Cuttack-Puri-Paradip region proposed developing the Mahanadi riverine location into a leading shipbuilding and ship-repair hub for large and short-sea vessels.

The NITI Aayog plan suggested that the proposed hub could eventually support a design and innovation centre for green-vessel technology, a skill-development academy, and green shipbuilding practices, apart from ancillary manufacturing units for engines, navigation systems, and other marine equipment.

If implemented as envisaged, the Kendrapara cluster could mark a shift in Odisha’s maritime economy — from being primarily a bulk cargo-handling and mineral-export hub centred around Paradip to developing capabilities across ship construction, ship repair, marine engineering and ancillary manufacturing.

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The Steel Cutting Ceremony for the first in series of four advanced battery-electric TRAnsverse 2600e harbour tugs, being built by CSL for Svitzer, was held today at CSL, Cochin.

source
 
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Korea team holds site survey for USD four billion TN shipyard

In the first week of September, VoC Port issued the work order for a DPR prepared in consultation with HD KSOE. Inception work has now begun at the proposed site.

CHENNAI: South Korea’s HD Korea Shipbuilding and Offshore Engineering (HD KSOE) is moving ahead with its proposed $4 billion shipbuilding complex in Thoothukudi, with a detailed project report (DPR) being prepared and a talent pipeline being developed, despite an aggressive pitch by Andhra Pradesh to attract the project to Kakinada.

A senior HD KSOE team led by Sunjoon Hong, on a 10-day visit to Tamil Nadu, carried out a detailed site survey at Thoothukudi and held discussions with Industries Minister S Keerthana, additional chief secretary S Vijaykumar, senior officials of the DG of Shipping, and representatives of Guidance Tamil Nadu, SIPCOT, VoC port authority and Thoothukudi administration.

The talks covered government incentive structuring at various stages of the project, DPR status and project timeline. Guidance TN is facilitating discussions between HD KSOE and major Indian steel producers on technical requirements and quality validation.

In parallel, a dedicated talent pipeline is being developed with the TN State Skill Development Mission, covering both blue-collar and white-collar roles, including the possibility of training in Korea followed by deployment at the Thoothukudi shipyard, the industries department spokesperson stated.

In the first week of September, VoC Port issued the work order for a DPR prepared in consultation with HD KSOE. Inception work has now begun at the proposed site.

The state has also floated a request for proposals inviting global consultants to prepare the DPR, bringing international expertise into the planning of the shipyard and the wider maritime manufacturing ecosystem. Together, officials say, the two mark the project’s progression from the MoU stage into detailed technical and project planning.

Engagement between HD Hyundai and the Tamil Nadu government has continued at the highest level.
 
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Cochin Shipyard signs agreements to acquire 23% stake in Dutch ship design firm Conoship​

Cochin Shipyard Limited (CSL) has signed a Share Purchase Agreement and a Shareholders’ and Cooperation Agreement with the shareholders of Conoship International Holding B.V. (Conoship) for the proposed acquisition of a 23% equity stake in the Netherlands-based ship design and engineering company.

The agreements were executed on Thursday, following the approval accorded by CSL’s board in January 2026. CSL will acquire the 23% stake for a cash consideration of €2.30 million. Clearance for the transaction has been obtained from the Department of Investment and Public Asset Management (DIPAM), with completion expected within two months.

Conoship, incorporated on February 13, 2014, is a Netherlands-based ship design and engineering company with a portfolio covering general cargo vessels, tankers, container ships, dredgers, ferries and offshore vessels. The company, headquartered in Groningen, provides ship design and engineering services including feasibility studies, concept design, full engineering and production packages, project financing and yard selection to shipyards worldwide.

The acquisition is aimed at helping CSL expand into European coastal and short-sea shipping through advanced ship design solutions. CSL and Conoship will also jointly explore opportunities in emerging technologies, including alternative fuels for short-sea vessels, coastal shipping and inland waterways, as well as related marine, shipping and offshore services.

This marks Cochin Shipyard’s first structured equity participation in a foreign ship design firm, reflecting its intent to move beyond pure shipbuilding into design-led and technology-driven partnerships. Conoship reported group turnover of €4 million in 2024, excluding intercompany adjustments, compared with €3.51 million in 2023 and €2.4 million in 2022.

The Conoship investment follows CSL’s board also clearing the formation of a joint venture with HBL Engineering to develop electric mobility and energy storage solutions for marine use, part of a broader push into future-ready maritime technologies. Cochin Shipyard has already worked with another Netherlands-based firm, Groot Ship Design, on its ongoing HS EcoFreighter series of multi-purpose vessels, the second of which, MS Maria, was delivered in August 2026.

 
Revived Indian shipyard poised to restart work as orderbook hits $680m

By Gary Dixon
TradeWinds correspondent
London
Published 13 October 2026, 13:17

SDHI plant has posted profit for six months to 30 September
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Swan Defence and Heavy Industries in India. Photo: SDHI

A revived Indian shipbuilder has returned to profit as its orderbook hit INR 65bn ($683m).

Mumbai-listed Swan Defence and Heavy Industries (SDHI), formerly known as Reliance Naval and Engineering, said it is moving from turnaround to execution under its new ownership.

In the six months to 30 September, net profit was INR 5.24bn, turning around a loss of INR 152m a year earlier. Revenue from operations reached INR 994m from INR 399m.

The yard has six chemical tankers for Norway’s Rederiet Stenersen on its books, plus four ammonia dual-fuel bulk carriers for Energy ONE, four tugs for Denmark’s Svitzer and a training ship for the Royal Navy of Oman.

Energy One is said to be a global software provider and is a partner of New Energy One, an investment fund registered in Jersey in the Channel Islands.

SDHI chief executive Vipin Kumar Saxena said the first half of its financial year marked a transition for the company.

“Having completed our resolution plan and settled our obligations to the committee of creditors, we have focused on building the systems, processes and teams needed to deliver our orderbook,” he said.

The new contracts reflect “the growing confidence of international customers in SDHI and in India as a credible shipbuilding partner”.

“Our priority now is to deliver on time and to global quality standards,” Saxena added.

“At the same time, we expect domestic shipbuilding demand to pick up over the next 12 to 18 months, driven by the government of India’s push to expand commercial shipbuilding and by proposed defence programmes.”

SDHI has the country’s largest dry dock, measuring 662 metres by 65 metres. It is backed by diversified industrial conglomerate Swan Corp.

The yard has completed seven ship repair and refit projects, spanning Indian Coast Guard vessels, commercial ships and offshore rigs.

Also, steel cutting has begun for five barge unloaders, each with a capacity of 2,500 tonnes per hour, for L&T Mines and Minerals.

SDHI has also received in-principle approval for a brownfield expansion under the national Shipbuilding Development Scheme.

The proposed investment includes a 600-tonne Goliath crane and a 40-tonne ELL crane.

Revived Indian shipyard poised to restart work as orderbook hits $680m
 
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Maersk Lines Up First Indian Drydocking with Vessel Arrival At L&T’s Kattupalli Shipyard

By MI News Network
October 19, 2026
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Image Credits: Maersk

A.P. Moller –
Maersk (Maersk) will undertake its first planned drydocking in India, with the Singapore-flagged container vessel Maersk Chattogram scheduled to enter L&T’s Kattupalli Shipyard near Chennai in October 2026.

The activity marks the first operational milestone arising from the Memorandum of Understanding signed by Maersk and Larsen & Toubro (L&T) during India Maritime Week 2025. The MoU established a framework for exploring collaboration in shipbuilding, ship repair, and exchange of knowledge on global standards and building world-class capability, capacity, and resources.

Maersk Chattogram is expected to arrive at the shipyard on 20 October 2026, subject to operational and weather conditions. The planned drydocking forms part of the vessel’s normal lifecycle and will include its scheduled special survey, along with maintenance and overhaul work covering the hull and structure, machinery, equipment and propulsion systems.

Drydocking is a planned process in which a vessel is taken into a dry dock, enabling extensive inspection, maintenance and repair of such areas of the vessel that are ordinarily submerged, alongside work on machinery, equipment and propulsion systems. It is essential to maintaining a vessel’s safety, seaworthiness, operational performance and reliability for the next five years. Maersk Chattogram will undergo a specialised lift-out operation using India’s largest Shiplift system at L&T Shipbuilding, Kattupalli, to lift the vessel out of water.

Dinesh Kumar Balraj, Head of Fleet Operations East, A.P. Moller – Maersk, said, “The drydocking of Maersk Chattogram in India is a meaningful step towards turning our collaboration with L&T into action.

We are aligning Maersk’s global technical requirements with India’s growing shipyard, supplier and maritime-service capabilities.” He added, “We believe India has strong potential to become an increasingly important global hub for the maritime sector and we are committed to supporting that development through long-term partnerships, operational experience and knowledge sharing.”

Arun Ramchandani, Head – Precision Engineering & Systems, L&T, said, “The docking of Maersk Chattogram at Kattupalli advances our strategic partnership under the MoU and Framework Agreement signed between our organisations. Combining Maersk’s global maritime expertise with L&T’s shipbuilding capabilities, we aim to strengthen domestic capabilities and supply chains across the shipbuilding ecosystem. We share Maersk’s commitment to India’s maritime development and seek to play a key role in establishing India as a globally competitive maritime hub.”

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Image Credits: Maersk

The project is expected to bring together Maersk’s fleet and technical teams with L&T, Indian subcontractors, suppliers and maritime service providers. The partners will focus on safe, efficient execution, quality delivery and the exchange of operational knowledge throughout the docking.

The activity reinforces Maersk’s broader commitment to India’s maritime development and its belief in the country’s engineering talent, infrastructure and potential across the maritime value chain. It also reflects the long-term intent of the Maersk-L&T partnership, moving from an exploratory framework to a concrete vessel-maintenance project in India.

Maersk Lines Up First Indian Drydocking with Vessel Arrival At L&T's Kattupalli Shipyard