Hapag-Lloyd and the Government of India have signed three Letters of Intent (LOI) to deepen maritime cooperation and support the development of India’s shipping and logistics sector. The agreements, signed in Mumbai, establish a framework for collaboration in ship reflagging, sustainable ship recycling, and infrastructure development. This partnership aligns with India’s ambitions to enhance its maritime capabilities and global connectivity within a key growth market.
As part of the initiative, Hapag-Lloyd intends to explore reflagging up to four vessels under the Indian registry, subject to further assessment and regulatory requirements. Furthermore, the cooperation aims to establish a sustainable ship recycling ecosystem in India capable of handling up to 100 vessels. This system will be designed to meet high environmental and safety standards, specifically aligning with the EU Ship Recycling Regulation.
The partnership also focuses on strategic infrastructure, particularly the development of the upcoming Vadhavan Port in collaboration with the Jawaharlal Nehru Port Authority. Hapag-Lloyd plans to contribute its global shipping and terminal expertise to this project, which is expected to strengthen India’s role in global supply chains. These efforts support the company’s Strategy 2030 goal of increasing handled volumes in the region to approximately 3 million TEU.