German shipping major backs India’s maritime ambitions with long-term commitment.

Hapag-Lloyd Plans ₹20,000 Crore Investment in Indian Ports, Ship Recycling and Flagged Vessels.                                     

Hapag-Lloyd has announced plans to invest up to ₹20,000 crore in India across port terminals, Indian-flagged ships, and responsible ship recycling infrastructure. A significant portion of the investment will be directed towards developing a container terminal at the upcoming Vadhvan Port and establishing ship recycling facilities compliant with European Union standards. As part of its strategy, Hapag-Lloyd will reflag at least four vessels under the Indian flag, enabling participation in coastal shipping and cabotage trade. These ships will be smaller-sized vessels suited for India’s coastal logistics needs rather than large container carriers. The company views India as a fast-growing maritime market with strong potential, supported by a large pool of Indian seafarers and rising coastal cargo movement. By investing in EU-compliant ship recycling, Hapag-Lloyd aims to support sustainable practices while strengthening India’s maritime ecosystem, creating jobs, and aligning with the country’s vision of becoming a global shipping and recycling hub.