News for Wilson ASA (WILS.OL)

Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Limited (CSL), has significantly advanced India's maritime industry by launching its first vessel for Norway's…

The turning point for Udupi-CSL was its engagement with Wilson ASA, Norway - Europe’s largest short sea shipowner. Wilson ASA’s confidence in the yard’s infrastructure, project management, and leadership led to a landmark order, propelling Udupi-CSL’s order book to cross ₹500 crore. This international recognition laid the foundation for its entry into the global market.

Cochin Shipyard Ltd.'s wholly owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said.

Cochin Shipyard's subsidiary, Udupi-Cochin Shipyard, launched the first of six cargo vessels for Norway's Wilson ASA. These eco-friendly vessels, designed by Conoship International, will operate in European coastal waters. Wilson ASA has placed follow-on orders for eight more, totaling 14 vessels. This success highlights Udupi-CSL's growing presence in the international shipbuilding market and its contribution to India's shipbuilding initiatives.

Udupi-CSL, a subsidiary of Cochin Shipyard, aims to dominate the global tugboat market with green hybrid fuel technology.

Cochin Shipyard share price: The counter was trading higher than the 5-day, 10-, 20-, 30-, 50-, 100, 150-day and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 79.09. A level below 30 is defined as oversold while a value above 70 is considered overbought.

Shares of Wockhardt and Cochin Shipyard surged, reflecting market confidence. Cochin Shipyard's subsidiary secured a contract for Dry Cargo Vessels, propelling the stock's growth.

Shares of multi bagger Cochin Shipyard Ltd. gained on Monday after its arm, Udupi Cochin Shipyard Ltd., won a contract worth Rs 1,100 crore to design and construct dry cargo vessels for Wilson ASA of Norway. The contract has been signed for four dry cargo vessels, and four more at the same time will be formally contracted by Sept. 19, the company said in an exchange filing.

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