In a significant move that highlights India’s growing influence in global trade, shipping giant Maersk has unveiled plans to invest approximately USD 5 billion in enhancing the country’s ports, terminals, and landside infrastructure. The announcement was made during a landmark event at the APM Terminal in Jawaharlal Nehru Port, where Maersk also christened its newest dual-fuel methanol container vessel, Albert Maersk—marking the first time a foreign shipping company has named a vessel at an Indian port.
Pioneering Sustainable Shipping
Albert Maersk is a key addition to Maersk’s fleet, being the eleventh vessel designed to operate on methanol. This innovative approach underlines the company’s commitment to reducing emissions and advancing greener shipping practices in a rapidly evolving maritime industry.
“India isn’t just a key market—it represents a beacon of opportunity and confidence in global trade,” said Vincent Clerc, CEO of A.P. Moller – Maersk. He noted that India’s robust manufacturing sector, thriving e-commerce landscape, and expanding export activities are driving the country’s emergence as a crucial logistics hub.
Strengthening India’s Maritime Network
The event was attended by several dignitaries, including Union Ports, Shipping and Waterways Minister Sarbananda Sonowal, Maharashtra’s Minister of State for Youth Affairs Raksha Khadse, and Keith Svendsen, CEO of APM Terminals. Highlighting India’s unique geographic advantage and a population of over 1.4 billion, Sonowal emphasized the importance of a strong and integrated supply chain network to connect every corner of the nation.
Maersk’s extensive investments in India to date include significant developments in ports, terminals, warehouses, technology centers, and global capability hubs. Recent upgrades at Jawaharlal Nehru Port now allow the handling of larger vessels, while new enhancements at the APMT facility in Kerala promise to further boost capacity and operational efficiency.
A Future Focused on Growth and Sustainability
Looking forward, Clerc reiterated Maersk’s long-term commitment to India:
“Our planned investment of USD 5 billion in ports, terminals, and landside infrastructure is a testament to our confidence in India’s potential as a global maritime powerhouse.”
Beyond infrastructure, Maersk is poised to explore opportunities in alternative fuels for low-emission shipping and collaborate on initiatives related to ship repairs and shipbuilding. These efforts align closely with the Indian government’s ambitions to promote a sustainable and modern shipping industry.
Minister Sonowal described the naming ceremony as both a privilege and a milestone. He stressed that India is uniquely positioned to become a major producer and supplier of green fuels, such as methanol, ammonia, and hydrogen-based alternatives. “Maersk’s focus on green fuel production is a critical step towards a sustainable maritime future,” he added.
Keith Svendsen of APM Terminals further emphasized the vision for the country’s logistics sector:
“We are committed to reducing logistics costs by offering comprehensive solutions—from multimodal transportation and port handling to warehousing and distribution—thereby connecting Indian businesses seamlessly with global markets.”
A New Chapter in Maritime Collaboration
Maersk’s bold investment not only represents a major financial commitment but also heralds a new era of collaboration aimed at transforming India’s maritime landscape. With sustainability, efficiency, and growth at its core, this initiative is set to propel India into a leadership role in global commerce, fostering stronger ties between local markets and the world.
This strategic commitment underscores a shared vision for a future where innovative infrastructure and sustainable practices pave the way for enduring global partnerships.