🚀 CMA CGM signed a $300 million deal with Cochin Shipyard

France’s CMA CGM has signed a landmark $300 million deal with Cochin Shipyard

to build six state-of-the-art LNG-powered container ships—marking the first time a global shipping major has placed a container ship order in India. Each vessel will carry 1,700 TEUs and run on LNG, supporting maritime decarbonisation and India’s push for green shipping.​ This historic order was made possible by the Indian government’s new ₹69,725 crore shipbuilding package, which offers 20-25% financial assistance for advanced and green vessels. Cochin Shipyard’s technical tie-up with South Korea’s HD Korea Shipbuilding played an influential role in winning the deal, boosting global confidence in Indian shipyards. The ships, expected for delivery between 2029–2031, will be flagged in India, further raising the nation’s maritime profile.​ The deal positions India—currently ranked 16th globally in shipbuilding with less than 1% market share—to break into the top 10 by 2030 and top 5 by 2047. It is also expected to spark more international orders, generate thousands of skilled jobs, attract tech investments, and enable Indian shipyards to compete with established global players like China and South Korea.​ 📌 Learning Takeaway: India secures its first global container ship order—CMA CGM taps Cochin Shipyard, driven by government incentives for LNG and green vessels.