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Cochin sees opportunities in inland water transport segment

Monday, 07 Aug 2017

India’s state-owned Cochin Shipyard will enter the inland waterways vessel building sector as it expects strong demand growth in Indian river shipping in the next three years.

Cochin Shipyard will build small barges, river passenger ferries, river-sea cargo vessels and river cruise ships among other inland vessels. “We are expecting the inland waterways market to open up over the next three years and are preparing to capture this market,” said Cochin Shipyard chairman and managing director Mr Madhu Nair. Cochin has already received initial approval to form a joint venture with Indian yard Hooghly Dock & Port Engineers (HDPE), part of the Ministry of Shipping, which already has expertise in inland waterways vessel building.

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