United Petro Group, Singapore, and Sadhav Shipping Ltd., Mumbai, have announced a major partnership to establish shipbuilding and comprehensive offshore facilities in Odisha, India.
The Memorandum of Understanding (MoU) was officially signed during the “Utkarsh Odisha, Make in Odisha Conclave 2025” on January 28, 2025, in Bhubaneswar, Odisha, marking an important milestone for both organizations.
The event was attended by PM Narendra Modi, several prominent business houses including Jindal Steel, Adani Ports, Vedanta, Jindal Steel & Power, and several top-ranking officials of the Govt. of Odisha.
This bold initiative centers around building large ships alongside relevant repair services. Additionally, it will create offshore supply base facilities that encompass storage spaces and warehouses to aid operations at sea. The setup will meet the needs of different vessel categories, such as oil tankers, naval ships, barges, and other ocean freight vessels. This proposal is aligned with the initiatives of the Govt. of India and the Govt. of Odisha towards the Maritime Amrit Kaal Vision 2047 providing a boost to Port-led development and Maritime Clusters. The new JV entity will also seek to take benefit of the Maritime Development Fund and other initiatives announced in the latest Union Budget 2025.
4. Integrated Offshore Supply Facilities
United Petro Shipping Pte Limited, part of the United Petro Group, was founded in 2018 in Singapore. This group focuses on environmentally friendly, secure, and sustainable practices in shipbuilding, recycling, and offshore operations, establishing a significant presence globally in places like Singapore, Malaysia, South Africa, the UAE, the USA, the Netherlands, and Mexico.
