Union Minister Sarbananda Sonowal inaugurated four major infrastructure projects at Visakhapatnam Port Authority, marking a ₹230 crore investment. The initiatives aim to enhance safety and operational facilities, bolstering the port’s cargo capacity. Local leaders highlighted the port’s significance in regional development, while completion certificates were awarded to maritime students.
During India Maritime Week 2025 in Mumbai, the Visakhapatnam Port Authority announced ₹39,216 crore in investment agreements, showcasing India’s maritime ambitions with delegates from over 100 countries. Key initiatives include a MoU with Andhra Pradesh for a port-cum-shipbuilding cluster and partnerships to enhance multimodal logistics and eco-friendly technologies.
Delegates at the TUC Congress from September 7-10, 2025, unanimously endorsed Nautilus International’s motion on “Future-Proofing UK Maritime Skills and Training.” The motion calls for full government support in maritime training, including 100% SMarT funding and a national training provider, emphasizing the urgent need for skilled maritime professionals.
Ahti Climate has secured additional funding from Business Finland to enhance its Ahti Pool platform, following an initial grant in September 2024. This funding aims to strengthen Ahti’s growth strategy and product differentiation in the maritime emissions compliance sector, facilitating compliance with the upcoming FuelEU Maritime regulations effective January 1, 2025.
Space-tech startup PierSight has successfully raised $8 million in total funding through a seed extension round, attracting investors like CE-Ventures and Sustainable Ocean Alliance. The investment will support the development of a satellite constellation for maritime intelligence, targeting issues like illegal fishing and marine pollution, with the first satellite launching in 2026.
The Maritime and Coastguard Agency (MCA) is actively participating in The Clean Maritime Demonstration Competition (CMDC) to promote net zero emissions in the maritime industry. Managed by Innovate UK, the CMDC funds green technology projects for decarbonization. MCA’s HQ Consultant Surveyor, Gwen Lancaster, highlights the importance of innovative projects in advancing clean maritime technologies.
Russia’s VTB, the second-largest lender, failed to acquire Zvezda shipbuilding yard from Rosneft due to lack of financing. VTB’s USC couldn’t secure funds for the deal, halting negotiations. The yard specializes in building ice-class tankers for Arctic LNG transport. Despite setbacks, Russia aims to boost its shipbuilding industry amid Western sanctions.
The Welsh Government is investing over £1 million in the marine, fisheries, and aquaculture industry to support sustainable growth and help coastal communities thrive. Funding includes £700,000 for revenue and £700,000 for capital, with a 10-week application window open for various activities such as enhancing aquaculture sites and equipment.
The UK government has launched the sixth round of the Clean Maritime Demonstration Competition, offering nearly $37 million to support decarbonization efforts in the maritime industry. The program aims to advance clean maritime technologies such as electric, hydrogen, ammonia, and wind power. Innovators are encouraged to collaborate with maritime companies to develop new approaches and technologies.
Lloyd’s Register Foundation has granted £1,000,000 to the IMO International Maritime Law Institute (IMLI) to strengthen maritime safety legislation. The funding will support training for 16 experts globally, focusing on digitalization and decarbonization. Tim Slingsby stressed the need for capacity building in regulatory frameworks, while Norman Martinez emphasized the importance of human capacity in addressing threats to the maritime industry.
The ShippingLab in Denmark launches the SLGREEN project, aiming to support sustainable ship operations with a DKK 31 million investment. Over three years, the project will focus on predicting ship performance, managing biofouling, monitoring engine wear, digital piloting, and improving crew comfort. Partners include Danish Maritime Fund, DS Norden, and Lauritzen Fonden.
The UK is funding a project to expand the use of rotor sails to more classes of vessels. Anemoi Marine Technologies, along with partners, will develop and demonstrate a smaller sized rotor sail suitable for mid-range vessels. The project, costing £1.9 million, aims to assess the performance of the new design.
