India unveils $5.4bn national fleet expansion amid rising Hormuz risks
- Investment to support 62 newbuildings spanning several vessel types
- Enhanced national fleet will boost India’s growing maritime presence as trade and port handling figures rise
- Safety of seafarers in the Hormuz remains crucial as ministries align on repatriation efforts, with nearly 3,000 crew brought home
Facing mounting pressure from the Hormuz crisis, India is fast‑tracking a multibillion dollar programme to expand its national fleet with 62 newbuildings, aiming to safeguard energy supplies, protect seafarers and strengthen its maritime capabilities
