As battery technology advances, the maritime industry is embracing hybrid and electric solutions. Fleetzero and Glosten are collaborating to design the world’s longest-range hybrid electric vessel. Retrofitting a Lightering Support Vessel, it will operate primarily on battery power, marking a significant milestone for cleaner maritime operations. Construction begins in mid-2026.
Chowgule Shipyard, founded in 1916, evolved from a trading company into a leading shipbuilder. Since entering the export market in 2002, it has delivered 42 vessels and holds orders worth $861.90 million. Despite facing challenges, it invests in training and partnerships to enhance its capabilities, fostering optimism for future growth.
The Maritime Financing Summit 2025, held in New Delhi, brought together key stakeholders to explore innovative financial strategies for India’s maritime sector. Union Minister Sarbananda Sonowal emphasized the country’s progress, citing reduced port turnaround times and increased container capacity. The summit aimed to strengthen partnerships and enhance India’s global maritime position.
Scientists Lim Kang Hui and Haw Kok Giap are tackling the maritime industry’s sustainability challenge with their startup, CRecTech. Founded in 2022, their innovative catalyst technology aims to reduce methanol production costs and emissions. By 2025, they plan to produce 30 tonnes of affordable green methanol annually, addressing rising regulatory demands.
The Indian Maritime University (IMU) hosted a strategic consultation on the Indian Ship Technology (IST), featuring government officials, shipyard leaders, and global tech partners. Dr. Malini V. Shankar emphasized reviving the National Ship Design Research Centre. Discussions focused on aligning IST with national initiatives, fostering collaboration, and enhancing maritime innovation.
CEAD B.V. has launched the Maritime Application Center (MAC) in Delft, Netherlands, to advance automated, sustainable production in the maritime sector. This 2,300-square-meter hub will support shipbuilders with limited access to large-scale 3D printing, aiming to produce over 100 boats annually while addressing industry challenges and environmental goals.
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.
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.
A consortium led by Damen, TU Delft, and other partners has launched the Maritime AI Innovation Lab to revolutionize the maritime industry. By combining physical modeling, AI techniques, and real-world data, the lab aims to improve ship design, reduce fuel consumption, and enhance safety. Interested companies can join workshops to drive innovation in maritime technology.
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.
In the week from 06 – 12 Jan 2025, the Indian maritime sector is abuzz with initiatives aimed at sustainability and technological advancement. However, seafarers face rising challenges, such as crew abandonment and unpaid wages. Addressing these issues is crucial for fostering a thriving maritime industry that supports both innovation and the welfare of its workforce.
India’s National e-Governance Division (NeGD) has partnered with the Indian Ports Association (IPA) to revolutionize the maritime sector through digital transformation. By integrating technology with industry expertise, the initiative aims to modernize operations, enhance efficiency, and streamline logistics, aligning with the goal of making India a leader in maritime digital advancements.
In the week of 23 – 29 Dec 2024, the Indian maritime sector witnessed pivotal advancements. The government announced plans for a National Maritime Heritage Complex, enhanced digital initiatives, and new seaport developments. Concurrently, global trends such as Egypt’s Suez Canal expansion and sustainable innovations signal a dynamic future for maritime industries worldwide.
The National e-Governance Division (NeGD) and the Indian Ports Association (IPA) signed a MoU in New Delhi to digitally transform India’s maritime sector. This partnership addresses outdated practices, leveraging technology and industry insights to enhance port efficiency. Key initiatives include advanced software development and the integration of AI and blockchain for optimized port management.
India’s maritime sector is on the rise, with initiatives aimed at enhancing cargo capacity and sustainability. Key developments include a subsidy program for inland transport and significant reductions in ship turnaround times. Globally, innovations like hydrogen-powered vessels and new guidelines for seafarers’ treatment further illustrate the industry’s evolution towards a greener, more equitable future.
