MSC Cruises is making significant strides in the cruise industry with a $4 billion investment in two new World Class vessels. Announced in Saint-Nazaire, this commitment increases MSC’s total investment to $12 billion for eight ships. The new vessels, set for completion in 2030 and 2031, will feature innovative, energy-efficient designs.
The European Commission has launched its Sustainable Transport Investment Plan (STIP) to boost the aviation and maritime sectors’ energy transition. By 2035, around 20 million tonnes of sustainable fuels will be needed, requiring a €100 billion investment. The plan aims for climate neutrality by 2050, emphasizing regulatory stability to attract funding.
Under Prime Minister Narendra Modi, the Indian government is significantly enhancing the maritime economy by increasing port capacity and advancing shipbuilding. During India Maritime Week, over 600 MOUs worth more than Rs 12 lakh crore were signed, focusing on sustainable shipping and technology, aiming to create jobs and boost the sector.
DP World has committed an additional $5 billion to enhance India’s integrated supply chain, building on previous investments. This funding will improve infrastructure and multimodal connectivity, boosting India’s global competitiveness. Announced during India Maritime Week 2025, the initiative aims for sustainable growth through strategic partnerships and advanced freight mobility solutions.
India’s maritime sector is set for a transformative leap, with an anticipated ₹8 trillion investment and the creation of 1.5 crore jobs by 2047, as highlighted by Union Minister Hardeep Singh Puri during India Maritime Week 2025. This robust industry is crucial for boosting trade and achieving the Viksit Bharat 2047 vision.
Shares of Gujarat Pipavav Port Ltd (GPPL) rose over 5% on Wednesday after signing a ₹17,000 crore MoU with the Gujarat Maritime Board for future investments. This initiative aims to enhance infrastructure and capacity across various segments, contingent on securing a long-term concession extension set to expire in September 2028.
Prime Minister Narendra Modi highlighted India’s strong industrial base and the ‘Make in India’ initiative, emphasizing a $8 billion investment to revitalize shipbuilding and maritime sectors. Union Minister Sarbananda Sonowal noted a pivotal shift towards zero-carbon vessels, positioning India to lead in the global transition to green shipping.
The Indian government is focusing on a world-class shipping cluster in Dugarajapatnam, Andhra Pradesh, with an investment of ₹26,000 crore. Union Minister Sarbananda Sonowal announced that the project will support around 5,000 direct jobs, enhancing the state’s maritime initiatives and fostering economic growth through improved logistics and infrastructure.
Odisha is poised to boost its port-led industrialization strategy, targeting investments of around Rs 1 lakh crore under the Purvodaya vision. Industries Minister Sampad Chandra Swain announced this during a Paradip Port roadshow, emphasizing the state’s strategic coastline and plans for new ports and maritime hubs to enhance trade capacity.
India’s maritime sector is poised to attract investments of ₹80 lakh crore, generating 1.5 crore jobs while promoting green shipping practices, announced Union Minister Sarbananda Sonowal. The Maritime Amrit Kaal Vision aims to elevate India to a global maritime superpower, linking prosperity and sustainability with the nation’s heritage.
The UK government has announced a £1.1 billion investment package for the maritime sector, focusing on coastal community growth and clean shipping. This funding, revealed during London International Shipping Week, includes £448 million for decarbonization and significant private sector contributions, aiming to create thousands of jobs and enhance sustainable technologies.
DP World’s $2.5 billion investment in global logistics infrastructure aims to create nearly 5,000 new construction jobs by 2025 across several countries, including India, Britain, and Senegal. This initiative, highlighted by projects like the Tuna Tekra terminal and the Ndayane port, underscores economic transformation driven by supportive trade practices.
The Ministry of Ports, Shipping and Waterways held an Ambassadors’ Roundtable Meet in New Delhi, gathering envoys from 28 countries to prepare for India Maritime Week 2025. Union Minister Sarbananda Sonowal emphasized India’s goal of becoming a global maritime hub with a $1 trillion investment roadmap, focusing on sustainable shipping initiatives.
The central government plans to unveil a ₹70,000-crore package to boost shipbuilding, repair, and port infrastructure by mid-September. This includes ₹20,000 crore for a shipping cluster program and a similar amount for the revamped Shipbuilding Financial Assistance Programme, aiming to attract investments and enhance maritime capabilities across several states.
The Andhra Pradesh Maritime Board has signed a ₹9,000 crore MoU with APM Terminals for developing ports in Ramayapatnam, Machilipatnam, and Mulapeta. Chief Minister N. Chandrababu Naidu envisions these ports as key to making Andhra Pradesh the “eastern gateway” for trade, enhancing logistics and connectivity across multiple transportation modes.
