
Drydocks World and Cochin Shipyard form ship repair joint venture
Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) have announced the signing of a joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) in Cochin.
The agreement builds on the Memorandum of Understanding (MoU) signed by Drydocks World (DDW) and CSL in 2025, under which the two organisations agreed to explore opportunities for collaboration in ship repair and related maritime services. The companies have now formalised this collaboration through a 50:50 joint venture, with initial capital funded through equity contributions from both parties.
Under the arrangement, the two partners have pledged to create additional capacity at ISRF to service a wider range of vessels and meet the growing requirements of Indian, regional and international customers.
Captain Rado Antolovic, PhD, CEO, Drydocks World, said: “This partnership with Cochin Shipyard is an important milestone for India’s ship repair industry. By combining Cochin Shipyard’s local expertise and skilled workforce with Drydocks World’s global capabilities and technology, we are creating a world-class ship repair offering. Our ambition goes beyond one facility as we see opportunities to expand ship repair and fabrication capabilities across India.”

























