Anchors Aweigh! India Sails Into Top Three for European Cargo Ships

India has just reached a new high in the shipbuilding world, ranking third for building general dry cargo ships used in Europe’s short sea trade. This is a big step for the country’s maritime industry and shows how much progress has been made in recent years.

 

A New Spot on the Global Stage:

India’s jump to third place was announced by the country’s Minister for Ports and Shipping, Sarbananda Sonowal. This ranking is about ships that carry dry cargo—think goods like grain, coal, or manufactured items—over shorter distances between European ports.

 

What Helped India Get Here:

Several factors have played a role. The government has invested in port infrastructure and pushed for more efficient shipyards. There’s also been a focus on training workers and encouraging local companies to take on international projects.

 

Indian Shipyards in the Spotlight:

Companies like Cochin Shipyard and Garden Reach Shipbuilders & Engineers (GRSE) have started landing contracts with European buyers. For example, GRSE recently signed a deal with a German company to build multi-purpose cargo ships.

 

Supportive Policies:

The government has introduced policies to make shipbuilding more attractive, including financial incentives for building environmentally friendly vessels. This is especially important now, as European shipping companies are looking for partners who can help them meet new environmental rules.

 

Looking Ahead:

With global demand for new ships rising and some traditional shipbuilding countries focusing on larger vessels, India is in a good position to win more business. There are plans to keep expanding the industry, with a long-term goal of building tens of thousands of ships by 2047.

 

This new ranking is a clear sign that India is becoming a serious player in the global shipping industry, especially when it comes to serving Europe’s busy short sea trade routes.

 

Source: Economic Times, Hellenic Shipping News, Lloyd’s List, DNV, LinkedIn