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News Update

23 Jan 2025

India's Maritime Sector Needs $1 Trillion Investment by 2047 to Unlock Full Potential

India’s maritime sector is crucial to its economic growth, handling 95% of trade by volume and 70% by value. With a coastline of 7,500 km, India is a key global trading hub. The sector requires $1 trillion by 2047 and ₹5 lakh crore by 2030 to realize its potential. Significant developments include the expansion of Paradip Port and the creation of Vadhavan Port. Government initiatives like Sagarmala and Maritime India Vision 2030 aim to modernize infrastructure, enhance connectivity, and promote sustainability, positioning India as a global maritime leader.

India's Maritime Sector Needs $1 Trillion Investment by 2047 to Unlock Full Potential

22 Jan 2025

India invests in port capacity expansion projects in Mumbai

On January 21, India’s Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal, launched projects worth ₹2,000 crore to expand capacity at Jawaharlal Nehru Port, Mumbai. The second phase of Bharat Mumbai Container Terminal, commissioned in January 2025, will add 2.4 million TEUs to JNP’s capacity. With 2024 marking a record 7.05 million TEUs handled, the upgrade of the Nhava Sheva Freeport Terminal in 2025 will help JNP reach a projected capacity of 10.4 million TEUs by 2027.

India invests in port capacity expansion projects in Mumbai

10 Jan 2025

IWDC bats for major infra upgrade on National Waterways, to invest ₹50,000 crore in 5 years

The second meeting of the Inland Waterways Development Council, organized by the Inland Waterways Authority of India, announced significant infrastructure investments to boost inland waterways. With over ₹50,000 crore planned over the next five years, new initiatives worth ₹1,400 crore were unveiled across 21 states. Key projects include the development of shipbuilding facilities, floating jetties, and Regional Centres of Excellence. The government aims to enhance logistics, river tourism, and community development, further strengthening India’s inland waterways network and boosting economic growth through sustainable transportation.

IWDC bats for major infra upgrade on National Waterways, to invest ₹50,000 crore in 5 years

8 Jan 2025

Can India reach its ambitious shipbuilding targets?

India aims to become a top 10 shipbuilder by 2030 and a top five by 2047, but achieving these goals will require overcoming significant challenges. With a current market share of just 0.07%, India faces steep competition from industry leaders like China, South Korea, and Japan. However, India’s focus on smaller vessels, supported by incentives and relatively low labor costs, presents a unique opportunity. The government’s Maritime India Vision 2030, along with infrastructure improvements and foreign partnerships, is crucial to achieving these ambitious targets, though sustained support and financial investment will be key.

Can India reach its ambitious shipbuilding targets?

8 Jan 2025

HHLA Project Logistics coordinates first transhipment in the Port of Hamburg

At the end of the year, HHLA Project Logistics completed its first loading operation at the Port of Hamburg. Specializing in project cargoes in Asia, the subsidiary leveraged the expertise and network of the HHLA Group for this debut in Germany. The oversized cargo, consisting of six passenger railway carriages, was transported by ocean vessel from China to Hamburg. After being unloaded at Wallmann & Co, the wagons were transferred to HHLA's O'Swaldkai terminal, where they were prepared for rail transport to the Czech Republic, highlighting the environmental benefits of rail transport.

HHLA Project Logistics coordinates first transhipment in the Port of Hamburg

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