The Western Indian Ocean faces rising maritime threats, particularly piracy along the Somali coast. A recent hijacking of the Maltese-flagged tanker Hellas Aphrodite underscores regional insecurity. This instability jeopardizes the blue economy, costing approximately $1.1 billion annually and hindering growth in ocean-based industries vital for the region’s development.
Adani Ports and Special Economic Zone Ltd (APSEZ) is showcasing its pivotal role in India’s Blue Economy at the India Maritime Week 2025. Scheduled for October 27-31 in Mumbai, the event will highlight technological advancements and sustainability efforts, emphasizing India’s maritime resurgence. Prime Minister Modi’s attendance underscores the nation’s maritime ambitions.
The National Assembly is committed to fostering Nigeria’s marine and blue economy, as emphasized by Senator Wasiu Eshinlokun-Sanni during the 2025 World Maritime Day in Lagos. He praised President Tinubu’s administration for advancing maritime reforms and highlighted the importance of legislation to enhance safety, efficiency, and environmental stewardship in the sector.
India’s maritime sector is poised to attract investments of ₹80 lakh crore, generating 1.5 crore jobs while promoting green shipping practices, announced Union Minister Sarbananda Sonowal. The Maritime Amrit Kaal Vision aims to elevate India to a global maritime superpower, linking prosperity and sustainability with the nation’s heritage.
Kerala will host its inaugural Kerala-EU Blue Economy Conclave on September 18–19, in collaboration with the European Union and the Government of India. This event aims to strengthen EU-India partnerships in sustainable ocean investments, climate action, and technological innovation, establishing Kerala as a key player in a global sustainable blue economy.
During the Monsoon Session, India’s Parliament passed five landmark maritime legislations, the first major reform in over a century. Union Minister Sarbananda Sonowal highlighted that these laws, including the Bills of Lading and Merchant Shipping Bill, will modernize the maritime framework, boost the Blue Economy, and enhance global trade standards.
Prof. Maximo Mejia, President of the World Maritime University, urged African nations to collaborate on enhancing the blue economy. He emphasized sustainable maritime resource management as key to economic growth and environmental preservation. By sharing knowledge and investing in maritime education, Africa can address challenges like climate change and overfishing effectively.
The Odisha Maritime Board (OMB) is enhancing the State’s Blue Economy and maritime development. Principal Secretary Usha Padhee emphasized integrated port-led growth, sustainable shipping, and skills training. The OMB aims to modernize infrastructure, promote marine tourism, and attract investments, positioning Odisha as a key maritime hub in Eastern India.
As India enters a new maritime era, Company Secretaries (CS) are transforming from traditional roles to strategic navigators in governance. They interpret significant legislation like the Bills of Lading Act, 2025, ensuring compliance and cybersecurity, while advising on treaty risks and integrating ESG factors into corporate strategies for a sustainable maritime future.
Bureau Veritas Marine & Offshore emphasizes the urgent need to rethink global shipping financing to meet decarbonization targets. In his new book, “Toward a Sustainable Blue Economy,” Matthieu de Tugny advocates for transformative approaches, stressing the importance of green financing and collaboration among stakeholders to protect the environment and ensure sustainability in shipping.
The National Oceanography Centre (NOC) in the UK has launched a new Innovation Hub in Southampton to drive advancements in ocean technology and support sustainable growth in the blue economy. With a £200,000 investment, the facility will act as a hub for innovation in marine autonomous systems and the broader blue economy.
Dr. Pandurang Raut, Deputy Director General of Shipping, highlighted India’s coastal channels’ importance for trade, with up to 95% of volume and 68% by value passing through them. The Maritime Amritkal Vision 2046 aims at modernizing ports and leveraging the blue economy, reflecting the government’s commitment to enhancing India’s maritime position on a global scale.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, is seeking input from industry stakeholders to develop a national policy for the sector. A workshop in Lagos gathered insights from key players like NIMASA and NIWA. Collaboration is key to creating a policy framework that promotes sustainable growth and economic opportunities in Nigeria.
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