Green shipping activity is currently well underway across India’s maritime value chain. Shipbuilding orders for methanol, ammonia, and electric vessels have been placed. The market prices for green hydrogen and ammonia in India are among the lowest in the world. Indian ports are accelerating infrastructure development, with many gearing up to become green hydrogen hubs, while leading green fuel facilities are offering workforce training to local and international seafarers.

Our newest insight brief, Opportunities ahead: Insights on maritime decarbonisation in India, highlights the country’s green shipping initiatives and its strengths across the maritime value chain. It also looks at the challenges facing the sector, including securing offtake, growing domestic demand, infrastructure gaps, and high capital expenditure.

Key recommendations from the insight brief are to:

• Maintain momentum on national policy, international engagement, and collaboration
• Focus on securing offtake agreements through partnerships
• Foster higher levels of cross-value chain collaboration
• Adopt strategically focused green shipping corridors
• Support the passage of the International Maritime Organization’s Net-Zero Framework