Drydocks World, Cochin Shipyard form 50:50 JV for ship repair facility

•Drydocks World and Cochin Shipyard form 50:50 joint venture for ship repair facility in Kochi, India.

•The joint venture will operate and expand the International Ship Repair Facility, creating additional capacity for Indian, regional, and international customers.

•The partnership combines Cochin Shipyard's expertise with Drydocks World's global capabilities, aiming to strengthen Kochi's position as a maritime services hub.

•The joint venture is expected to create new capacity, skills, and economic opportunities for Kerala, enhancing India's maritime competitiveness.