Many governments have issued plans to vigorously promote the revitalization of their shipping industry

Recently, many governments have issued relevant plans to vigorously promote the revitalization plan of their own shipping industry.

India: Shipbuilding and dismantling "grabbing both hands"

Recently, India's Minister of State for Ports, Shipping and Waterway Affairs Shantanu Thakur said that India will strive to achieve a 5% share of the global shipbuilding market by 2030 and build 10 world-class shipyards.

Shantanu Thakur said that India’s goal is not only to participate in competition, but also to play a leading role in the field of green shipbuilding, promoting green growth, a blue economy and the “self-reliance India” strategy.

According to the plan, India will promote the modernization of shipyards through investment in automation, digital twin technology and green shipbuilding innovation, strive to gain a 5% share of the global market by 2030. At the same time, it will also rely on the public-private joint venture model and international cooperation to introduce advanced experience.

In addition, the Indian government plans to establish a national container liner company by 2030, and strive to achieve 50% of the localized production of container ships by 2035, reduce dependence on foreign-funded liners, and further enhance the status of Indian local shipyards in the global industrial chain.

In terms of financial support, India has established a Maritime Development Fund to provide special financing for shipyard upgrades, green shipbuilding research and development and public-private cooperation projects. At the same time, innovations in the fields of power propulsion systems, carbon capture technology and shipbuilding automation are accelerating, and start-ups and industry pioneers are injecting vitality into the industry.

In terms of green shipping, India promises that by 2047, at least 30% of its fleet will use clean fuels such as LNG, methanol, and hydrogen. Green shipping corridors and inland green ships will also be part of the future layout.

Meanwhile, the Indian government is finalizing an incentive package of 40,000 crore (about 500 million US dollars), targeting Bangladesh's dominant share of the global shipbreaking market. It is reported that the plan is expected to be approved by the end of September and will be launched in 2026 and will be valid for 10 years.

According to the plan, if the owner sends the ship to an Indian shipyard for dismantling, he can obtain a credit note worth 40% of the value of the ship's scrap steel. These notes can be used to purchase new ships built natively in India within 3 years, or can be traded in bulk or sold. This flexible financial instrument is designed to attract global ship sellers.

UK: Spend £1.1 billion to build a superpower of green shipping energy

During London Shipping Week, the British government officially announced a major plan to invest 448 million pounds to reduce emissions in the shipping sector. This move aims to consolidate the UK's position as a clean energy superpower, while breaking development barriers and creating opportunities for coastal communities.

At the same time, the UK's private sector has also announced a £700 million investment plan, which will inject strong impetus into economic growth, technological innovation and job creation across the UK.

As early as March this year, the British Maritime Department issued the "Marine Decarbonization Strategy", which clearly pointed out the decarbonization target of "reducing greenhouse gas emissions by 30% by 2030, 80% by 2040, and zero by 2050", and proposed the ambitious goal of building the UK into a green energy superpower. This capital investment is one of the important implementation measures of the British government's "Marine Decarbonization Strategy". The funds are divided into two parts, of which 700 million pounds of private investment flows to major UK ports and industries, and 448 million pounds of public funds specialize in shipping decarbonization.

The UK Shipping Emission Reduction Office (UK SHORE) has played an important role in the Cammell Laird Shipyard Zero Emission Shore System Project, Aqua Superpower Charging Network Project and Smart Green Shipping's FastRig Wing Sail Project. It has invested £240 million in more than 200 projects. After this additional funding, it will focus on funding for clean technology research and development projects such as electric propulsion, hydrogen, ammonia, and methanol.

In terms of major ports and industries in the UK, Peel Ports plans to invest 300 million pounds in its Liverpool Ports, Hunterston Ports and Great Yarmouth Ports, and another £1 billion in the next five years. Several projects are currently underway, including the construction of new port supporting warehouses, steel and metal processing facilities, and major upgrades and transformations of key ports; NatPower Marine plans to cooperate with Peel Ports Group to build the first green shipping corridor connecting Ireland and the UK, and will invest 250 million pounds in the construction of the shore power system.

From the breakthrough of clean technology to the upgrading of port infrastructure, to cross-industry synergy, the UK is trying to take the lead in breaking the situation in the global maritime decarbonization field with its "real money" investment. This not only helps the UK seize the strategic commanding heights in the global green shipping competition, but also injects core competitiveness into its consolidation of its position as a "global green shipping hub" and building a green shipping energy superpower.

Australia: Invest 57 billion in shipbuilding base

Recently, the Australian government announced that it will invest AUD 12 billion (about USD 8 billion) to build a defense shipbuilding base in Western Australia, aiming to support the delivery of nuclear submarines under the framework of the Australian-AUKUS security agreement.

In response, Australian Defense Minister Richard Marles said: "The shipbuilding base is crucial to the Australian shipbuilding and maintenance industry and will support the continued naval shipbuilding work in Western Australia and even the whole country, while helping Australia advance its nuclear-powered submarine project."

The new base will build landing craft for the Australian Army and general frigates for the Navy, which can provide about 10,000 jobs for the local area.

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