Indian Economy News

India's maritime fundamentals remain strong despite US tariffs, says Synergy Marine Group CEO Mr. Jesper Kristensen

  • IBEF
  • April 28, 2025

Synergy Marine Group CEO Mr. Jesper Kristensen expects short-term friction in India’s maritime sector due to US reciprocal tariffs. However, he highlights India’s strong fundamentals, such as expanding port capacity and a skilled workforce, which ensure long-term resilience. He notes that demand for multi-disciplinary maritime professionals is rising, driven by digitalisation, decarbonisation, and regulation. Synergy Marine Group employs over 28,000 seafarers worldwide, 70% Indian. The company anticipates an 8% increase in shore-based hiring this year, particularly in technical management, data analytics, crewing, and digital innovation roles.

Synergy Marine Group plans to expand its global footprint through selective new partnerships west of Suez while deepening its long-standing relationships in Japan. The group also progresses into the offshore segment through a joint venture with EDT Offshore, focusing on technically demanding and safety-critical operations central to the energy transition.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Partners
Loading...