Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Cochin Shipyard, Inland Waterways Authority ink deal for Ro-Ro vessels

T E Narasimhan/Chennai 13 Jul 18 | 08:18 PM

Cochin Shipyard

Cochin Shipyard Limited and Inland Waterways Authority of India has signed a contract for roll-on-roll-off (Ro-Ro) vessels.

Related Stories

    No Related Stories Found
Widgets Magazine


The contract, which entails design, construction and supply of Ten Ro-PAX and Ro-Ro Vessels, is worth Rs 1.02 billion plus taxes.


The vessels, which are capable of carrying trucks and other vehicles, along with sitting passengers, will be deployed in various strategic locations in National Water Ways 1, 2 and 3. 


The ships are being conceptualised and fully designed by CSL. They are to be built to standards under the rules of Indian Register of Shipping. All the ten vessels will be delivered within 18 months. 

ALSO READ: Cochin Shipyard expects to double ship repair revenue to Rs 12 bn in 3 yrs


The cargo in a Ro-Ro vessel typically consists of cars, trucks and other vehicles that are driven on and off the ship on their own wheels instead of being loaded and unloaded by cranes.

Widgets Magazine

Sensex

Company Price Gain (%)
Vedanta208.302.21
Yes Bank391.201.93
ITC272.901.71
Bharti Airtel342.501.69
Adani Ports369.151.39

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine