By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Magadh TodayMagadh TodayMagadh Today
  • Home
  • India
  • Editorial
  • Opinion
  • Global
  • Technology
  • Science
  • Asia
  • Business
  • Finance
Reading: Green shipping corridors gain momentum in emerging markets
Share
Notification Show More
Aa
Magadh TodayMagadh Today
Aa
  • India
  • Economy
  • Politics
  • Business
  • Technology
  • Finance
  • Editorial
  • Opinion
  • Science
  • Home
  • Technology
  • Business
  • Economy
  • Politics
  • Science
  • Sitemap
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Magadh Today > Latest News > Business > Green shipping corridors gain momentum in emerging markets
Business

Green shipping corridors gain momentum in emerging markets

Gulshan Kumar
Last updated: 2025/11/28 at 10:49 AM
By Gulshan Kumar 1 month ago
Share
SHARE

New Delhi ,Emerging economies are rapidly expanding the network of green shipping corridors, with a sharp increase in initiatives focused on zero-emission fuels, vessels and port infrastructure, according to the Global Maritime Forum’s latest annual progress report.

The report, “At a Crossroads: Annual Progress Report on Green Shipping Corridors 2025”, identifies 25 new green corridor projects launched over the past year, bringing the global total to 84 active initiatives. Notably, this marks the first time that major developing economies – including China, India, Brazil, Chile, Ghana and Kenya – have begun establishing their own corridors, reflecting growing recognition of the commercial opportunities presented by the decarbonisation of maritime trade.

The expansion aligns closely with national maritime and energy strategies in these jurisdictions. India’s Ministry of Ports, Shipping and Waterways has set ambitious 2030 targets for green shipping, China is accelerating port electrification and green fuel production, Brazil is advancing its National Hydrogen Programme, and Chile is implementing its National Green Hydrogen Strategy. Kenya and Ghana have both made formal national commitments to green corridor development.

Among the new initiatives are the India Green Corridors, India-Denmark Green Corridor, Singapore-Kandla-Tuticorin Coastal Green Corridor, and several routes involving Brazilian and Chilean ports.

Jesse Fahnestock, director of decarbonisation at the Global Maritime Forum, said the shift was “hugely promising” as these emerging markets would largely determine whether zero-emission shipping scales quickly enough to meet global climate goals. “We’re seeing recognition from these countries that green corridors are more than just environmental projects – they are strategic economic infrastructure,” he added.

The report is published shortly after the International Maritime Organization’s Marine Environment Protection Committee deferred for a year the adoption of a Net-Zero Framework, a delay attributed to lobbying by the US administration, which had reportedly threatened tariffs on countries supporting the measure.

Despite the IMO setback, momentum at national and regional levels appears undiminished, with emerging economies positioning themselves at the forefront of the next phase of maritime decarbonisation.

You Might Also Like

IndiGo Meltdown: 1,600 Flights Cancelled In Four Days As Govt Orders Probe, Eases Rules

Cloudflare says dashboard outage issue is fixed

India weighs greater phone-location surveillance; Apple, Google and Samsung protest

Indian air travel crippled as IndiGo hit with ‘operational crisis’

Lok Sabha passes Bill to levy excise duty on tobacco

Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Copy Link Print
Previous Article Bihar CM Nitish Kumar vows zero-tolerance drive to make state ‘corruption-free’
Next Article One clearance suffices: India eases environmental rules for industrial estates
about us

Your daily dose of news and updates on politics, culture, and events around the globe. Stay informed, stay connected!

Quick Links

  • Home
  • Sitemap
  • Contact
  • About
  • Privacy Policy
  • Terms and Conditions
Magadh TodayMagadh Today
© Magadh Today Network. All Rights Reserved.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?