The Offshore Energies UK (OEUK) has warned that without reforms to the Energy Profits Levy (EPL), thousands of jobs and vital tax revenue are at risk. Adjusting the current levy could significantly boost tax receipts and unlock billions in U.K. projects, enhancing energy security and creating tens of thousands of jobs.
Mumbai is gearing up to be a major shipbuilding hub, with plans for “Made-in-Mumbai” passenger vessels and cruise ships. The state secured investments worth ₹55,719 crore to enhance shipbuilding and port infrastructure during the India Global Maritime Summit 2025. Initiatives aim to boost India’s maritime leadership and sustainability.
A.P. Moller – Maersk has revealed ambitious plans at India Maritime Week 2025 to boost India’s maritime sector, including a $2 billion investment in port expansion with APM Terminals Pipavav. New initiatives will enhance local partnerships, improve port infrastructure, and foster maritime talent development, reinforcing Maersk’s commitment to India’s economic growth.
Karnataka’s Maritime and Waterways Masterplan aims to attract ₹23,000 crore through 125 projects, focusing on coastal districts Dakshina Kannada, Udupi, and Uttara Kannada. The initiative promotes public-private partnerships for port development, tourism, and connectivity, with notable projects like the Keni port, projected to handle 30 million tonnes annually.
The Indian shipbuilding industry is undergoing a transformation, driven by the government’s initiatives under Prime Minister Modi. The Union Budget 2025 introduces reforms to enhance shipyard competitiveness, including a revamped financial assistance policy and a Rs 25,000 crore Maritime Development Fund to modernize capabilities and attract investments.
Chief Minister Mohan Charan Majhi announced a significant push for maritime commerce in Odisha, signing two Concession Agreements for Gopalpur Port expansion and a new jetty at Jatadhari river mouth. These projects, involving investments of ₹2,100 crore and ₹16,554 crore, aim to create approximately 8,450 jobs and enhance cargo capacity.
Union Minister Sarbananda Sonowal met Japan’s Vice Minister Terada Yoshimichi in Oslo to strengthen maritime cooperation. They discussed shipbuilding, port digitalization, green initiatives, and transforming Andaman & Nicobar and Lakshadweep into Smart Islands. Sonowal emphasized India’s eagerness for joint ventures and proposed training programs for Indian seafarers to support Japan’s maritime needs.
Many of Greece’s ports are deemed inadequate and dangerous by the Panhellenic Union of Merchant Marine Masters. The annual report highlights neglect and the urgent need for significant investments to address issues faced in ports across Greece. PEPEN advocates for increased attention and investment, emphasizing safety concerns and infrastructure challenges.
