In a significant step to boost India’s maritime economy, the Union Cabinet approved a ₹69,725 crore reform package to modernize the shipbuilding industry. Union Minister Ashwini Vaishnaw emphasized the initiative’s goal: positioning India as a global hub for shipbuilding, thereby generating jobs and investment opportunities.
3t, a leader in safety-critical training, has received accreditation from the Transport General Authority for its maritime programs in Dammam. This endorsement aligns with international standards, enhancing Saudi Arabia’s maritime workforce skills. Hani Sagr emphasized its role in fostering local talent and meeting regional needs, supporting Vision 2030 goals.
Adani Vizhinjam Port Company has secured initial approval from the Customs and Central Excise Department to handle export-import cargo at Vizhinjam Port. Final clearance from Kochi Customs is expected soon. This approval marks Vizhinjam as a significant trade gateway, encouraging customs firms to establish a presence at the port.
Mazagon Dock Shipbuilders Limited has received approval to establish a floating dry dock at Nhava, near Mumbai, following endorsement from the Maharashtra Coastal Zone Management Authority (MCZMA). This facility will enhance the shipyard’s capabilities, currently busy with various defense vessel constructions, aiming for next-gen destroyers and aircraft carriers.
The Sri Lankan Cabinet has approved the establishment of Colombo Eastern Container Terminal (Private) Limited to manage the Eastern Container Terminal at Colombo Port. This initiative aims to enhance economic returns and operational efficiency while ensuring competitiveness against private operators, all while remaining under the Sri Lanka Ports Authority’s ownership.
ABS has granted approval in principle (AIP) to HD Hyundai Heavy Industries and HD Korea Shipbuilding & Offshore Engineering for a floating small modular reactor (SMR) power module. This innovative design aims to generate electricity offshore, supporting port facilities and surrounding communities while promoting clean energy solutions.
India has authorized three Russian insurers, including Sberbank’s insurance unit, to provide marine coverage for ships at its ports. This decision supports Moscow’s oil supplies to India, its largest seaborne oil market after China. The permits for these insurers are valid until February 20, 2026, despite ongoing sanctions.
Saudi Arabia has officially approved Starlink satellite internet for maritime and aviation use, as announced by SpaceX CEO Elon Musk on May 13. This endorsement enhances connectivity in these sectors. Additionally, Musk revealed plans for Tesla robotaxis in Saudi Arabia, aligning with the Kingdom’s vision for advanced technology and infrastructure.
The Mangaluru Water Metro project has gained approval from Chief Minister Siddaramaiah, connecting Bajal to Maravoor via the Netravati and Gurupura rivers. This initiative, part of a broader inland transport plan, aims to establish a training center and enhance regional cargo handling, marking a significant step for Karnataka’s water transport ambitions.
ClassNK has granted approval in principle to Mitsubishi Shipbuilding for their Onboard Carbon Capture and Storage system. This certification confirms the system’s feasibility in meeting regulatory and safety standards. The OCCS is part of efforts to reduce greenhouse gas emissions from ships, aligning with the industry’s focus on CO2 capture methods and fuel conversion.
A Japanese partnership is advancing in developing ammonia transport for use as fuel in industries, including maritime. Mitsubishi Shipbuilding Co., Mitsui O.S.K. Lines, and Namura Shipbuilding Co. received initial design approval from ClassNK for a large ammonia carrier. The innovative design aims to reduce greenhouse gas emissions and increase efficiency in marine transport.
The Vizhinjam International Seaport has received approval for its next phases, aiming for completion by 2028, boosting maritime trade and industrial growth in Kerala. Developed by Adani Group, the port’s advanced technology and connectivity make it a key player in global trade, with a handling capacity of 30 lakh teus.
Norwegian maritime technology company Pherousa has achieved approvals from ABS and DNV for its ammonia cracking technology on ships, paving the way for fossil-free and zero-emission propulsion in the maritime sector. This innovative solution, including PEM Fuel Cells and FGSS, will be crucial in reducing carbon footprint and enabling emission-free transportation of essential commodities.
Cummins has received DNV approval for its methanol-compatible engines, paving the way for sustainable shipping. Retrofit kits for diesel-electric systems will be available after 2028, aligning with market demands. These kits seamlessly integrate with batteries, enabling a smooth transition to cleaner technology. Cummins is committed to reducing carbon emissions and promoting renewable fuel compatibility.
The US Federal Maritime Commission has approved the Premier Alliance Agreement to start on February 9, 2025, replacing THE Alliance. Hapag-Lloyd has joined the Gemini Cooperation with Maersk instead. The Premier Alliance involves HMM, ONE, and Yang Ming sharing vessels on trade routes between the US and Asia, the Middle East, and Europe.
