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Hapag-Lloyd Signs LOI With India to Expand Ports and Recycling

Hapag-Lloyd logoHapag-Lloyd
Sig2.65Sen+5.10Env+2.40Soc+1.20Gov+0.60

German container line Hapag-Lloyd and the Indian government signed three letters of intent to deepen maritime cooperation, including ship reflagging, support for sustainable ship-recycling capacity, and collaboration tied to Vadhavan Port with Jawaharlal Nehru Port Authority. The plans are non-binding at this stage, with no timelines or vessel profiles set. Recycling capacity could reach up to 100 vessels, and India volumes are targeted to reach about 3 million TEU by 2030.

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