Leaders in the maritime industry recently gathered at SMW 2025 to discuss the challenges and opportunities in the sector. Jeremy Nixon highlighted political processes and security issues affecting container trade, while Zahid Osman emphasized the impact of conflict on global trade. James Marshall shared optimism about market recovery and the industry’s strategies for decarbonization.
The cruise industry is staging a strong comeback post-pandemic, with Carnival Corporation reporting record revenues in December 2024. CEO Josh Weinstein noted a $700 million revenue increase over initial projections. As demand rises, major players like Royal Caribbean and Disney Cruise Line invest in new LNG-powered vessels to enhance fleet capabilities and sustainability.
India’s shipbuilding industry is poised for growth, attracting interest from major economies like Japan and South Korea. The Ministry of Ports, Shipping, and Waterways aims to elevate India’s global ranking to the top 10 by 2030 and top five by 2047 through collaborations and investments. Historical roots in shipbuilding and positive growth projections highlight India’s potential in the global market.
