The Indian government is prioritizing self-reliance in shipbuilding and repairs to bolster its maritime industry. With a target of tapping into a USD 237 billion opportunity by 2047, India aims to reduce its dependence on imports and strengthen its position in the global maritime market. This initiative aligns with the broader goal of fostering economic growth and creating more opportunities in the maritime sector.
The Adani Group’s Vizhinjam Port in Kerala will welcome its first mothership on July 12, marking a milestone in completing India’s first exclusive trans-shipment port. Managing Director Divya S. Iyer confirmed the event, with preparations in place for the inauguration ceremony. The port aims to be a leading bunkering hub globally, supplying eco-friendly fuels like hydrogen and ammonia.
Muscat: Foreign Minister Sayyid Badr Hamad Al Busaidi met with Luigi Di Maio, EU Special Representative for the Gulf. They discussed bilateral cooperation in maritime security, technical, economic, and cultural fields. They emphasized supporting GCC-EU trade liberalization and mutual visa cancellation. They also addressed the humanitarian crisis in Gaza, advocating for a ceasefire and lifting the blockade.
