CMA CGM, alongside A.P. Moller–Maersk and MSC, is enhancing its footprint in India, aligning with the nation’s ambition to become a global maritime hub. Recent discussions between Indian Prime Minister Narendra Modi and French President Emmanuel Macron emphasized the India-Middle East-Europe Economic Corridor (IMEC), aiming to boost trade and connectivity.
Dutch company Econowind, based in Zeewolde, has secured 1 million euros in development capital from Invest International for its ventilation foil XL. Inspired by aviation technology, these wind sails aim to reduce fuel consumption and CO2 emissions by up to 15% for large ships. The company plans to target the deep-sea shipping market.
Ships are essential for global trade but can harm sea life like whales. The BWBS initiative works with shipping lines to reduce speeds in whale habitats, reducing fatal collisions. Participation in the VSR season has increased, leading to improved air quality and less greenhouse gas emissions. This collaborative effort sets a positive example for sustainable practices.
Guy Platten, Secretary General of the International Chamber of Shipping, advocates for a levy-based GHG pricing mechanism to promote the use of green energy sources in the shipping industry. The proposal, supported by 51 co-sponsors, aims to bridge the cost gap between conventional and green fuels to achieve net zero targets.
Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal stressed the importance of creating a favorable environment to attract private investment in the maritime sector. The government is focusing on infrastructure development and skilled manpower to make the sector more appealing to investors. Sonowal highlighted the advantages of cost-effective transportation and environmental friendliness in the maritime sector.
Cargo Care Solutions, a prominent maritime supplier, is celebrating its 40th anniversary with pride. Originally known as Macor Marine Systems, the company has evolved into a global leader in cargo access equipment and container lashing systems. With a focus on innovation and service, Cargo Care Solutions continues to thrive under the leadership of CEO Peter Peltenburg.
Oil executives are closely watching shipping conditions in the Red Sea after a pause in attacks by Iran-backed Houthi rebels. A Liberian-flagged oil tanker recently sailed through the Red Sea, one of the first voyages since the rebels limited attacks on commercial vessels. Executives are cautious, monitoring risks and competitors’ actions before navigating the area.
Seafaring career in India is set to enhance, with the government targeting a 20% global share of Indian seafarers by 2030. Anglo-Eastern Shipping Company celebrates its 50th anniversary and offers one of the largest cadet training programs, training over 2,000 aspiring officers, including a focus on female students.
The latest Seafarers Happiness Index reveals a troubling decline in seafarers’ morale due to isolation and workload challenges. Compounded by record abandonment rates, it’s crucial for the maritime industry to prioritize the welfare of seafarers. Addressing these issues is vital for improving their overall well-being and ensuring a sustainable future for maritime operations.
India is investing $6 billion in its maritime sector, aiming to become a global powerhouse. The budget includes a $3 billion Maritime Development Fund to finance ship acquisitions and increase market share. Plans also focus on domestic shipbuilding, with clusters in five states and financial assistance to Indian shipyards.
Kerala Ports Minister V N Vasavan recently announced that the Vizhinjam transshipment port has handled three lakh TEUs of cargo in a successful six-month trial period. With a cost of Rs 8,867 crore, the port has welcomed 150 ships and managed 85,000 TEUs in January alone, solidifying its position as a key trade gateway for India.
The Yashwantrao Chavan Maharashtra Open University and Vadhvan Port Project Ltd have partnered to provide skill-based training for students, focusing on the operational needs of Vadhvan Port. This collaboration aims to create more job opportunities and equip students with the necessary skills for the maritime industry.
The UK government has launched the sixth round of the Clean Maritime Demonstration Competition, offering nearly $37 million to support decarbonization efforts in the maritime industry. The program aims to advance clean maritime technologies such as electric, hydrogen, ammonia, and wind power. Innovators are encouraged to collaborate with maritime companies to develop new approaches and technologies.
In May 2023, Nikolaus Schues was inaugurated as BIMCO’s president, underlining the essential role of seafarers as ‘key workers.’ He called for their protection against criminalization for incidents like drug smuggling. Schues also highlighted the urgent need for improved training and better incentives to combat the looming shortage of qualified seafarers.
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.
