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HMM inks MoU to develop Vadhvan port near MumbaiHMM inks MoU to develop Vadhvan port near Mumbai

The South Korean line is to support the development and operation of Vadhvan port in India that would include nine container terminals.

Marcus Hand, Editor

January 23, 2025

1 Min Read
HMM signs Indian port development MoU
Credit: HMM

HMM has inked a Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) to collaborate on developing Vadhvan Port to the north of Mumbai.

According to a statement by HMM Vadhvan is large-scale project by the Indian government that aims to become one of the world’s top 10 container ports by 2040.

Under the agreement HMM is to support the development and operation of the port which is expected to have a capacity of 23 million teu annually across nine berths.

The new port would have a natural deep of 20 metres, compared to 15.5 metres at Nhava Sheva and be able to accommodate vessels of 24,000 teu in capacity.

An HMM official stated, “We hope this partnership leads to strong cooperation for port development. We will continue investing in terminals to grow our integrated logistics business, a key part of our mid-to-long-term strategy.”

[Map]_Vadhvan_port_Location.JPG

The company plans to expand its services at Indian ports.

The groundbreaking of Vadhvan Port was carried out by Indian Prime Minister Narendra Modi on 30 August last year.

This week Reliance Industries also signed an MoU to develop a liquid cargo jetty and 50-acre tank farm at the port for an investment of INR6.45 billion ($78 million).

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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