Cochin Shipyard signs pact with IHC to collaborate on dredgers

March 31, 2015 11:18 am Published by

State-owned Cochin Shipyard has signed an agreement with Netherlands-based IHC BV to collaborate on constructing dredgers for the Indian market. Dredgers are specialized ships used to deepen and maintain the channel of harbours. IHC is the world’s top designer and manufacturer of dredgers and associated equipment. “As part of the ‘Make in India’ programme, Cochin Shipyard is looking to diversify its product mix. One of the sectors that Cochin has identified in this regard is in the area of dredger. Towards this, we had floated a tender to identify a suitable collaborator to build high quality dredgers in India. Based on this, Cochin has entered into an agreement with IHC BV, Holland to collaborate on building cutter suction dredgers (CSD) and trailer suction hopper dredgers (TSHD),” a spokesman for the shipyard said. India’s ports accumulate silt quickly and require maintenance dredging throughout the year to allow ships to call for loading and unloading cargo. The shipping ministry plans to increase the depth at its 12 ports to 18 metres by 2020 to help larger ships to dock. India’s dredging market is estimated to be worth more than Rs.10,000 crore over the next five years, according to the shipping ministry.

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