MSC Cruises is expanding its fleet with two new mega ships from Chantiers de l’Atlantique, each weighing 217,000 gross tons and accommodating over 6,700 passengers. This €3.5 billion investment is set to generate over 20 million work hours, highlighting MSC’s significant role in the growing cruise industry.
The Jebel Ali Free Zone (Jafza) celebrates 40 years of facilitating trade between India and the UAE, achieving a 40% increase in trade volume in 2024. With over 2,300 Indian companies operating in diverse sectors, Jafza aims for $100 billion in non-oil trade by 2030, enhancing global market access for Indian exporters.
Three prominent shipping figures—Fredriksen, Ofer, and Wilhelmsen—are taking Edda Wind private to overcome growth barriers posed by its current ownership structure. They plan to acquire full control via Electric AS, offering a cash buyout at a 33% premium, valuing Edda Wind at $287.5 million, following strong financial results.
European wind developers are urging governments to protect the industry, facing challenges in competitiveness and security. The EU aims for wind to contribute 35% of electricity by 2035, leading countries to expand renewable energy, particularly offshore wind. Developers want at least 100GW worth of CfDs auctioned over ten years to address issues.
India and UAE have entered a transformative phase in bilateral relations, signing eight strategic agreements to foster a sustainable, innovation-driven future. This milestone, marked by Crown Prince Sheikh Hamdan Bin Mohammed’s visit, emphasizes collaboration in green logistics, healthcare, and education, paving the way for a climate-resilient, tech-integrated trade ecosystem.
DP World’s Mundra International Container Terminal (MICT) saw significant growth in the fiscal year 2024-2025, handling 1,497,228 TEUS, a 13% increase from the previous year. Servicing 762 vessels, the terminal plays a crucial role in advancing India’s global trade network. DP World Mundra also reached its highest monthly volume in March 2025.
The 12 major ports owned by the Indian government experienced a 4.34% increase in cargo handling in the fiscal year 2024-2025, totaling 854.858 million tonnes. Strong performances in containers, finished fertiliser, and miscellaneous cargo drove this growth, with Jawaharlal Nehru Port Authority leading in container volumes.
In 2024, the port of Antwerp Bruges and the shipping industry encountered challenges but also saw growth in market share, container volumes, and Roro cargo. Plans were made to increase capacity by 10 million TEU and focus on greening and sustainability. Collaboration with Indian ports and industry aimed to drive efficiency and innovation.
In February 2025, Jawaharlal Nehru Port Authority (JNPA) experienced a significant increase in container traffic, handling 616,164 TEUs, which was 9.14% higher than the same month in 2024. The total cargo handled during this month was 7.56 million tonnes, showing a 2.09% increase compared to February 2024.
In a significant move to boost Oman’s maritime sector, Minister of Social Development, H E Dr Laila bint Ahmed al Najjar, has established the Oman Maritime Association. The decision aims to enhance collaboration, develop expertise, and promote sustainable growth within the industry, with a focus on increasing youth participation for long-term sector development.
A new industry plan in Singapore aims to support sustainable growth in the marine and offshore energy sector. By 2030, the plan plans to create 1,000 local job roles and achieve a 5% annual productivity growth. It also aims to reduce carbon emissions by securing new orders and establishing Singapore as a hub for maritime sustainability.
India’s shipbuilding industry is poised for a resurgence with a focus on enhancing capacity in the latest budget. Cochin Shipyard Ltd is at the forefront of this initiative, investing in new facilities for ship production and repair. The budget’s incentives and emphasis on shipbuilding are expected to drive growth and innovation in Kerala’s maritime sector.
The Asuka III, the first Japanese-flagged cruise ship in 35 years, is a symbol of growth in the Japanese cruise market. With luxurious amenities and a focus on Japanese preferences, the ship will offer a unique experience for passengers. Its construction in Germany marks a new chapter for Japanese cruise operators like NYK and MOL.
DP World reported a 17% increase in cargo handling at its Cochin terminal in 2024 due to new equipment and expanded yard space. The terminal reached a record volume of 840,564 TEUs, solidifying its position as a major terminal in South and East India. Additionally, the terminal’s electrification efforts have reduced its carbon footprint.
The port of Nassau in the Bahamas has broken its record for the highest number of passengers passing through its cruise port. With the introduction of a new cruise terminal, Nassau is capitalizing on the short-duration cruise market. The port’s ability to accommodate mega cruise ships has led to a surge in visitors.
