Summary:

Mr. Jesper Kristensen, CEO of Synergy Marine Group, predicts short-term challenges in India's maritime sector due to US retaliatory tariffs. However, he emphasizes India's strong fundamentals, such as increased port capacity and a skilled workforce, which ensure long-term stability. He notes a rising demand for multidisciplinary maritime professionals, driven by technology, decarbonization, and regulation. With over 28,000 seafarers worldwide, 70% of whom are Indian, the company expects an 8% increase in shore-based recruitment.

Synergy Marine Group aims to expand its global presence through strategic partnerships west of Suez, while deepening its long-standing relationships with Japan. The company is also venturing into the offshore sector through a joint venture with EDT Offshore, focusing on technically demanding and safety-critical operations essential to the energy transition.

Source: IBEF 

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