Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Plate Cutting ceremony of two autonomous electric vessels for ASKO Maritime AS, Norway

Posted On: 2020-11-25 05:30:17 (Time Zone: Arizona, USA)


Plate cutting ceremony of the two Autonomous Electric Vessels being built for ASKO Maritime AS, Norway was held on 25 Nov 2020 at Cochin Shipyard Limited, Kochi. Mr. TorbjØrn Johannson, Chairman of the board for ASKO & ASKO MARITIME, Norway cut the first steel plate for Ship No.BY 146 through Video Conference and Shri Suresh Babu N V, Director (Operations), CSL cut the first steel plate for Ship No. BY 147. The plate cutting ceremony is one of the initial milestones in the vessel construction process.

Shri Madhu S. Nair, C&MD CSL delivered the welcome speech. Mr TorbjØrn Johannson, Chairman of the board for ASKO & ASKO MARITIME, Mr. Kai Just Oslen, Managing Director ASKO MARITIME, Norway addressed the gathering via video conferencing. Senior Officials of CSL were also present.

Cochin Shipyard Limited (CSL), Kochi signed contracts for construction and supply of Two (2) nos Autonomous Electric Ferry for ASKO Maritime AS, Norway with an option to build 2 more identical vessels in 15 July 2020. This Autonomous Electrical vessel project is an ambitious project in Norway partially funded by the Norwegian Government aimed at emission-free transport of goods across the Oslo fjords. These vessels will be managed by M/s. Massterly AS, a company setup to take technical management and operate autonomous vessels, a joint venture between M/s. Kongsberg, the world leader in autonomous technology and M/s. Wilhelmsen, one of the largest Maritime shipping companies. Once in operation, these vessels will create a new bench mark for the merchant shipping world in the field of Autonomous Vessels with Zero Carbon Emission.

The 67 Mtr long vessels will initially be delivered as a Full-Electric Transport Ferry, powered by 1846 kWh capacity battery. After commissioning of autonomous equipment and field trials in Norway, it will operate as a fully autonomous ferry of ASKO that can transport 16 fully loaded Standard EU trailers in one go across the fjords. The vessels are designed by Naval Dynamics, Norway using Kongsberg Maritime systems, with detailed engineering to be carried out by CSL. They will be built under DNV GL Classification and flagged in Norway, under the rule regulations of the Norwegian Maritime Authority.

CSL won this export order after detailed evaluation of various global shipyards and based on its value proposition to the customer. CSL's proven capability & track record to deliver world quality high-end vessels to prestigious clients in Western Europe also found favour with the Client. CSL holds this Contract, obtained within the current constraints posed by the pandemic, in high significance.

This project is expected to catapult CSL into the league of premier Shipbuilding yards in the world capable of handling high tech vessel construction offering sustainable solutions.

Shares of Cochin Shipyard Ltd was last trading in BSE at Rs.355.85 as compared to the previous close of Rs. 358.5. The total number of shares traded during the day was 24708 in over 1051 trades.

The stock hit an intraday high of Rs. 363.4 and intraday low of 352.7. The net turnover during the day was Rs. 8859210.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Ind-Ra upgrades Happiest Minds Technologies Limited's Long-Term Issuer Rating

Brickwork reaffirms Dhanlaxmi Bank's rating of Lower Tier-II bonds - Series XV

AGEL commissions 100 MW Gujarat Wind Power Project 5 months before schedule

Meera Industries Limited receives order of $180,000

Atul Auto launches its all new Nxt Gen, Atul RIK CNG Autorickshaw for Gujarat

NATCO receives final approval for Everolimus tablets for the US market

Blue Star declared winner of the prestigious 'Golden Peacock Award for Excellence in Corporate Governance' for 2020

Just Dial enters into an advertisement agreement for IPL

Fortis Hospital, Faridabad extends it services at Mathura, Launches Super Specialty OPD services

Fire accident at Radico Khaitan Ltd's Rampur plant

Adani Ports and SEZ Limited to allot 1 crore shares to Windy Lakeside Invesment Ltd

Hero MotoCorp Limited announces exclusive offer for women riders

Mayukh Dealtrade Ltd board to consider Stock Split of Equity Shares

CARE downgrades ratings of Srei Infrastructure Finance Limited to default category

Shish Industries Limited forms subsidiary

Dhani Services Limited board approves sponsored Level III ADR

Prakash Steelage Ltd board approves sale of shares of Tubacex Prakash India Pvt Ltd

Sayaji Hotels Management Ltd enters into management agreement for 7 properties

GRSE Lays Keel of 3rd Ship of Prestigious Project 17A Advanced Stealth Frigate

NMDC revises prices of iron ore w.e.f. 06-03-2021

Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector

Mawana Sugars Limited approves investment of Rs. 10 crores in Siel Industrial Estate Ltd

TVS Motor Company to provide free COVID-19 vaccination to all employees and their immediate family members

Satyam Silk Mills Ltd board to consider rights issue on March 10, 2021

GRM Overseas Ltd board to consider interim dividend on March 10, 2021

Rushil Decor Limited starts commercial production of MDF board at new Vizag plant

IIFL Securities Ltd board to consider interim dividend on March 10, 2021

DCW Limited allots debentures to Kotak Special Situations Fund

M G George Muthoot, Chairman of Muthoot Finance Limited passes away

Acuite Ratings & Research Limited update on rating of Edelweiss Financial Services Limited

Kotak Mahindra Bank Appoints Dr Ashok Gulati as an Additional Independent Director on its Board

Xanadu Realty ties up with Poddar Housing Development Limited in a mega portfolio deal

Edelweiss Financial Services Limited updates on credit rating of proposed NCD issue

IndiGrid signs the largest power transmission deal with Sterlite Power AUM to leapfrog to over INR 200 Bn

Indian Bank to divest stake in JV, ASREC India Ltd

Dai-ichi Karkaria Limited updates on Kasarwadi Land Deal

AKI India Ltd approves construction of effluent treatment plant

Kotak Silk Launches Eduseries for Financial Independence of Women

Ind-Ra has assigned ratings to JSW Hydro Energy Ltd

Shriram EPC Limited board to consider issue of preference shares to lenders

Suncare Traders Limited to demerge investment division to Madhav Infra Projects Ltd

Astral Poly Technik Limited fixes March 19, 2021 as record date for bonus issue

Mazagon Dock Shipbuilders Limited gifts refrigerated truck

Sandhar Technologies Ltd announces incorporation of step down subsidiary

NMDC LTD. board to consider interim dividend on Mar 11, 2021

CRISIL revises outlook of Canara Bank's long-term debt instruments

Hero MotoCorp launches 4-day special service and exchange carnival

ICICI Lombard General Insurance Company Limited board approves interim dividend of Rs. 4

Sun Pharma arm to acquire stake in WRS Bioproducts Pty Ltd, Australia

Kirloskar Oil Engines Ltd declares interim dividend of Rs. 1.50 for FY21



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020