Maersk has partnered with Larsen & Toubro (L&T) to explore shipbuilding opportunities and has flagged two vessels in India reinforcing its long-term commitment to the country’s maritime sector.
An MoU with L&T was signed in presence Union Minister of Shipping and Ports Sarbananda Sonowal on Thursday. This is second such MoU signed by the Danish shipping giant and follows a similar agreement with Cochin Shipyard earlier this year.
Maersk which is the second largest container shipping line in the world with over 700 vessels also announced flagging of two ships in India.
This comes in the backdrop of government’s policy reforms and gives a push to its ambitions to increase Indian merchant fleet.
Maersk said it has registered a new legal entity in Gift City and flagged two vessels: Maersk Vigo and Maersk Vilnius
An MoU was also signed with DCM Containers to explore manufacturing and procurement of containers from India.
“India possesses significant infrastructure capabilities that Maersk wishes to capitalise on,” said Ahmed Hassan, head of asset strategy, A.P. Moller – Maersk.
Indian flag
“By flagging vessels under the Indian flag, manufacturing seaworthy containers in India and engaging local yards for maintenance and repair work, we’re not just expanding our operational flexibility; we’re investing in the development of India’s maritime ecosystem and demonstrating our belief in the country’s technical capabilities,” he said.