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Yesterday — 27 April 2025Main stream

Which EV Will Be A Highly Sought After Collectible In 20 Years?

  • Some EVs may become collectible in the next couple of decades due to their historical impact.
  • Hypercars like the Rimac Nevera and even everyday EVs could earn collectible status over time.
  • This may happen to all kinds of electric cars, from the Nissan Leaf to the Porsche Taycan.

It’s hard to believe, but it’s been over 100 years since electric vehicles first made their appearance on the streets. Sure, they disappeared almost as quickly as they arrived, but here we are today, witnessing their dramatic comeback. Over the past decade, EVs have evolved in leaps and bounds, bringing us to a question we can’t help but ask: which of these modern electric rides will one day be considered collectible in, say, 20 years from now?

To be clear, there are a few rare and historic EVs that already have their place in the collectible world. Jay Leno, for instance, famously owns a 1909 Baker Electric, which he’s even gone so far as to upgrade. But aside from these niche classics, the broader EV market isn’t exactly seen as a treasure trove for collectors, at least not yet. But who knows? Maybe the next wave of electric vehicles will change that.

More: Can Tesla’s Model 3 Performance Smoke The BMW M3 CS?

The original Tesla Roadster 2.5 that kicked off things for Elon Musk’s brand could be a prime example. While it’s easy to point out its shortcomings, from range anxiety to questionable build quality, the Roadster was undeniably ahead of its time. It played a pivotal role in kick-starting the EV revolution, and without it, the Model S, and arguably the entire Tesla brand, may not have existed. It may not have been perfect, but it was a game-changer.

And while we’re talking about Tesla, let’s not overlook the other contenders that could one day find themselves in the collectible spotlight. The Model S, for one, completely shattered preconceived notions about what an electric car could be.

Then there’s the Model Y, Tesla’s best-seller, which has arguably played the most significant role in broadening EV adoption worldwide. And let’s not forget the Cybertruck. Love it or hate it, its design makes it impossible to ignore, cutting through a sea of otherwise similar-looking vehicles.

 Which EV Will Be A Highly Sought After Collectible In 20 Years?

Of course, it’s not all about Tesla. The Nissan Leaf deserves a mention as one of the most influential EVs in shaping the electric car market, especially for those seeking an affordable option. The Rivian R1T was the first all-electric pickup truck. The original Porsche Taycan might be the first sign to everyone that even huge historic brands were willing to ditch internal combustion to one degree or another.

If I personally had to pick one, it would be the Hyundai Ioniq 5 N. It seems poised to go down in history as the first EV to truly mix in a boatload of driver engagement along with supercar-like performance. Looking back through history, those two factors rarely come together in a EV that the general public can actually afford. That’s what makes the 5 N so special.

And while some traditional gearheads might scoff at the very idea of electric cars ever being collectible, let’s not forget that there’s a new generation on the horizon. This group won’t have the same hang-ups. They’ll have grown up with electric vehicles as the norm and they won’t carry the same biases against them.

Do you agree with anything we’ve mentioned here? Perhaps you have another car to submit. Let us know in the comments below!

 Which EV Will Be A Highly Sought After Collectible In 20 Years?

Cybertruck Beats Fisker Ocean As Edmunds’ Biggest Loss Ever, Sold For Just $8K

  • A Cybertuck Foundation Series was bought by Edmunds last July for a long-term test.
  • After 5 months of issues, the Cybertruck was hit by a compact sedan while parked.
  • Tesla’s service centers took two months to provide a quote, declaring the EV a total loss.

When it comes to testing high-profile vehicles, sometimes things go terribly wrong, and in the case of Edmunds’ Tesla Cybertruck, ‘terribly’ is putting it mildly. In July 2024, the outlet shelled out $101,985 for a brand-new Cybertruck Foundation Series to add to its One-Year Road Test fleet. By December 11, the truck was struck by a compact sedan while parked, pushing the 6,600-pound electric vehicle onto the curb. The damage was severe enough that it was written off entirely.

More: Tesla’s Cybertruck Rebranding Looks A Lot Like Ford’s F-150

On the outside, the wheel, tire, stainless steel panel and bumper bore the brunt of the impact. Things were much more serious under the skin though as, apart from the suspension, the rear drive motor, the rear-wheel steering setup, and lots of other parts were wrecked. No doubt, it was in a very sorry state, but things weren’t exactly peachy before the crash either.

Early Troubles: A Red Flag Parade

In fact, problems began soon after Edmunds took delivery of its Cybertuck and they included a number of critical steering failures, the EV going on limp mode or dying altogether, lots of errors showing up on the screen, the a/c not working on hot days, the transmission not selecting Park… you get the picture.

Definitely not confidence-inspiring for a $100k truck, no matter how hyped up it might be. In fact, the issues were so many they didn’t allow the team to perform its usual instrument testing procedure or even take it off-road.

The Great Repair Odyssey

 Cybertruck Beats Fisker Ocean As Edmunds’ Biggest Loss Ever, Sold For Just $8K

Nevertheless, what spelled its demise was the aforementioned accident and attempts to get it fixed. Body shops dared not touch the Cybertruck, so their only recourse was Tesla‘s own service network. Problem number one: while one would expect Los Angeles, the city with the most Cybertrucks in the world, to have quite a few, there were just two within a 50-mile radius that were certified by Tesla to fix the EV’s steel body panels.

The first one, in Huntington Beach, gave them a one-month waiting period just to get an estimate on how much repairing it would cost. That was not all, though; they had to wait another six months for it to get fixed, which meant towing it to the shop to get an estimate, then towing it back and storing it somewhere, and finally towing it back again to get it back in working order. Naturally, Edmunds declined the offer.

More: Fisker Ocean Totaled After Tiny Door Ding Souring EV Dream

Things were much better at the second certified service center in Ontario. They still had to wait a month for an estimate, but after that the shop would instantly start working on the truck. So far, so good – until Tesla called a few days before the appointment and informed them it was pushed back a month due to the shop being overbooked.

Cybertruck Repair Costs
  • Stripes and moldings: $619
  • Motors and components: $4,191 (including $3,000 for an EV drive unit)
  • Motor mounts: $77
  • Wheels and parts: $1,758
  • Steering: $2,040
  • Rear suspension: $9,149 (including $2,500 for a new suspension crossmember)
  • Cab and components: $3,800 (including $3,240 for a high-strength steel frame)
  • Bed: $8,762.79 (including $1,595 for the outer panel, $4,280 for the aluminum rear section and $1,055 for the bed floor)
  • Tailgate: $2,495
  • Rear bumper: $2,417.73
  • Rear body, lamps and floor plan: $1,668.50 (including $800 for the inner taillamp assembly)
  • Miscellaneous parts: $357.22
  • Other parts: $5
  • Paint and materials: $610
  • Tax on parts and materials: $3,320.65
  • Labor: $16,584
  • Sublet repairs: $25
  • Grand total: $57,879.89

This time they decided to wait and, two months after the accident, had an estimate: it would cost them $1,128 to disassemble the truck and find out what had to be replaced or repaired. The quote, though, was a very unpleasant surprise; all in, they had to pay exactly $57,879.89.

The list of things that had to be fixed was too long, and the single most expensive item on it was the rear suspension at $9,149. Given that an example without prior damage was valued at $86,160, so theirs would sell for much less, it made no financial sense to proceed with repairs and it was considered a total loss.

The Final Blow

In the end, the outlet sold their Cybertruck to Copart for… $8,000! The only positive thing was that it received praise for its performance and ride comfort, as well as the design that, while controversial, at least (or rather because of it) drew a lot of attention. Other than that, not only did it not get to take part in the One-Year Road Test, but it became Edmunds’ biggest loss ever, a title that until then was held by the Fisker Ocean.

 Cybertruck Beats Fisker Ocean As Edmunds’ Biggest Loss Ever, Sold For Just $8K

Lead image Edmunds

Animal energy usage made visible through video

25 April 2025 at 15:47
Strong methods do exist for measuring animal movement in the context of energy expenditure, but these are limited by the physical size of the equipment used. Now, in a paper published in the Journal of Experimental Biology, researchers from the Marine Biophysics Unit at the Okinawa Institute of Science and Technology (OIST), in collaboration with Professor Amatzia Genin from the Hebrew University of Jerusalem, describe an innovative method for measuring energy usage during movement with video and 3D-tracking via deep learning.

AI model for thyroid cancer diagnosis, with over 90% accuracy and reduced consultation preparation time

25 April 2025 at 15:38
An interdisciplinary research team has unveiled the world's first artificial intelligence (AI) model designed to classify both the cancer stage and risk category of thyroid cancer, achieving impressive accuracy exceeding 90%. This innovative AI model promises to significantly cut frontline clinicians' pre-consultation preparation time by approximately 50%, aligning with the HKSAR Government's initiative to harness AI technology in healthcare.

Many Injured and Killed in Huge Explosion in Iran’s Bandar Abbas Port

26 April 2025 at 20:06

 

A huge explosion rocked the commercial port of Bandar Abbas in Iran at 12:00 on the morning of April 26. According to Iranian media reports it killed at least 14 people and six others are listed as missing. The number of people injured is varying widely in the reports with the Minister of Interior of the Pezizkian government saying at least 300 people are in the hospitals and another 200 were treated and released. Some reports suggested as many as 750 people were injured.

Office buildings in the port have been damaged and glass blown out of windows. The immediate neighborhood around the port is a commercial rather than a residential area which helped to reduce the number of people in the immediate vacinity.

 

Footage shows the moment an explosion occurred in Shahid Rajaee Port, Bandar Abbas. pic.twitter.com/Sjl1X9LJqP

— IRNA News Agency (@IrnaEnglish) April 26, 2025

 

The explosion is believed to have started in a container stored in the hazardous and flammable section of the container park. An extensive container storage park lies immediately to the north of the port’s container loading quays. The Shahid Rajaei commercial port handles about 85 percent of Iran’s non-oil and gas exports and imports, and is connected to Iran’s transnational rail network.

The Iranian authorities have for some years been planning an expansion of the port to increase throughput. The commercial port lies 10 miles to the west of the Bandar Abbas Naval Harbor, which is the homeport to most of Iran’s regular Navy.

 

Fire continues to spread to nearby containers as fire fighters attempt to control the blaze at Bandar Abbas' Shahid Rajaei port.

Follow Press TV on Telegram: https://t.co/0EMmcJs6DL pic.twitter.com/6usWBzXrWE

— PressTV Extra (@PresstvExtra) April 26, 2025

 

In February and March, The Maritime Executive tracked the progress from China of two sanctioned ships owned by Islamic Republic of Iran Shipping Lines (IRISL), MV Golbon and MV Jairan, which then unloaded their cargoes of sodium perchlorate at Bandar Abbas. Sodium perchlorate is processed and fashioned into ammonium perchlorate rocket fuel at the Iranian facilities at Parchin south of Tehran and Khojir. Ammonium perchlorate makes up 70 percent of the standard fuel load of most of Iran’s solid-fueled ballistic missiles, such as medium range Khybar-Shikan and Fattah missiles, and the shorter range Fateh-110 and Zolfaghar missiles. 

It is not known if containers unloaded from the two ships were, several weeks after unloading, still in the Sina container port at the time of the explosion, or whether the containers formed the seat of the explosion. As would be expected, an Israeli spokesman denied any knowledge of the explosion, although the Times of Israel was the first media organization to point out a possible connection.

 

Unusually, heat from the explosion is not yet showing in NASA fire-detecting imagery showing the Shahid Rajaei port; heat spots shown are of oil refineries and the Hormozgan steel works (FIRMS). 
 

Med Marine Signs Five New Contracts to Kick Off 2025 Strong

26 April 2025 at 17:22

[By: MED MARINE]

Starting the year with solid momentum, MED MARINE has signed five new tugboat contracts with operators in Italy, Greece, and Spain—strengthening its presence across Europe and underscoring its commitment to delivering high-performance solutions tailored to regional needs.

In January, MED MARINE signed a contract for a 24-meter DRAfter 2400 series tugboat to be delivered to Greece. The vessel will deliver a minimum bollard pull of 40 tons and is powered by a twin-screw conventional propulsion system—making it a reliable workhorse for harbour duties including towing, pushing, and mooring.

Spain is also on the roster, with a RAmparts 2300-W tug designed for versatile harbour operations. Compact at 23 meters, but delivering 50 tons of bollard pull, the tug will feature dual winches, an azimuth stern drive propulsion system, and a layout optimized for efficient multi-purpose operations. These new agreements reflect MED MARINE’s dedication to quality, trust, and long-term partnerships, while marking a dynamic start to 2025. With each new vessel, the company reaffirms its mission to deliver innovative solutions to ports around the world.

In February 2025, MED MARINE also secured an order for two RAmparts 2500-W and one RAstar 3200-W series tugboats to be delivered to Italy. Designed for versatility in harbour operations, the 25-meter RAmparts 2500-W tugs will offer 65 tons of bollard pull and feature an advanced azimuth stern drive propulsion system. The 32-meter RAstar 3200-W tug, on the other hand, is built for LNG terminal and escort duties. With an 80-ton bollard pull, dual winch capability, and LNG compatibility, this powerful unit will enhance safety and operational efficiency in demanding terminal environments.

These new contracts reflect MED MARINE’s dedication to quality, trust, and long-term partnerships, while marking a dynamic start to 2025. With each new vessel, the company reaffirms its mission to deliver innovative solutions to ports around the world.

Shipping Industry and Corporate Leaders Gather at the Port of Los Angeles

26 April 2025 at 17:13

[By: 

International industry leaders came together at AltaSea at the Port of Los Angeles on April 16th for the annual Protecting Blue Whales and Blue Skies (BWBS) Awards Ceremony, which recognized the top-performing shipping lines for the 2024 season and celebrated 10 seasons of the BWBS program. 

With thousands of shipping containers stacked high in the background, the Port of Los Angeles – the busiest container port in the Western Hemisphere – offered a fitting place to recognize shipping industry leaders who move cargo all over the globe for their exemplary efforts in the most impactful BWBS season yet. 

BWBS “Sapphire” rated lines – meaning their fleets transited 85% of the time at 10 knots or less in the vessel speed reduction (VSR) zones – each received a coveted whale tail sculpture for the highest performance. This year, each tail was handcrafted by shipwright Nate Slater from his woodshop. All the wood was sourced from remnants or drops from his career repairing wooden seiner and prohibition-era rum runner boats in the Pacific Northwest. Whale tail awardees were: CMA CGM; Connaught Shipmanagement HK; COSCO Shipping; CSL Americas; Hong Kong Top Honor Shipping; ISM Ship Management Ltd; Maersk; Marathon Petroleum; MSC; NYK Ro-Ro; Ocean Network Express; OOCL; OSG Ship Management, Inc.; Pilion Navigation; ConocoPhillips - Polar Tankers; Starbulk SA; STX Marine Service Co; Swire Shipping; Teo Shipping Corporation; Tomini Transports LLC; Toyofuji; Wallenius Wilhelmsen; and Yang Ming Marine Transport Corp.

Ambassadors with 90% or more of eligible shipments with participating lines over the past year also received whale tail awards. They were: The Block Logistics, Who Gives A Crap, Eggboards, Nomad, and JAS Worldwide. Port of Hueneme was also recognized for the majority of ships calling on the port being enrolled with BWBS.

Gold award lines – meaning their fleets transited 60% - 84% of the time at 10 knots or less in the VSR zones – recognized were: Campbell Shipping Company, D'Amico Group; Dockendale; Empire Bulker Ltd.; Evergreen; Hapag-Lloyd; HMC Shipmanagement Co Ltd; Hyundai Glovis; K Line; Mol ACE; Pacific Basin Shipping Ltd.; Raffles Shipmanagement Services; Scorpio Group; Temm Maritime Co Ltd; Unisea Shipping Ltd; Venture Shipping Ltd; Veritas Shipmanagement and Wan Hai.

Shipping lines that volunteer to participate in the BWBS program reduce their speed along stretches of the California coast. In doing so, they help reduce the risk of fatal ship strikes on endangered whales, ocean noise, and air pollution and greenhouse gases. The program has dramatically advanced voluntary participation, research, and opportunities to protect both marine and human life in California’s coastal communities. Over the last 10 seasons, the environmental benefits brought by BWBS have only grown, and in recent years, the program has expanded to include company ambassadors that work with participating shipping lines and commit to helping promote responsible shipping. 

In honor of the program’s 10-year anniversary, special recognition was given across several categories. Evergreen, CMA CGM, and K-line were recognized for their leadership in sharing the most whale-sighting information with BWBS over time. MSC was honored for achieving the Sapphire Award tier over the last eight years, reducing its fleet’s speeds to 10 knots or less for the most distance of any participant: more than 168,000 nautical miles. 

Stanley Kwiaton, MSC’s Regional Manager of West Coast Port Operations reflected: “MSC’s values of collaboration, trust, and open communication have made our consistent success in this programme a reality. MSC is committed to protecting endangered whales and safeguarding the areas where they feed and migrate. We are very grateful to be an integral part of MSC’s worldwide efforts to protect these magnificent creatures. We look forward to continuing to work with the BWBS team and local partners by minimizing the way our operations impact whale habitats.”

It was clear from the large pod of whale tails on display and other lines' reflections, that commitment to environmental protection is a genuine value for so many shipping lines.

Neil Carraher, Country Manager, Swire Shipping: “Swire Shipping recognizes that responsible stewardship of biodiversity is important to maintaining a resilient marine environment, and we are conscious of the role that we can play to safeguard marine ecosystems in the areas where we operate. In the seven years since we joined BWBS, we are proud to have received the highest-tiered Sapphire Award for six consecutive years. It is very encouraging to see the positive impact the programme has had on biodiversity along the California coast, and we look forward to continuing our collaborative efforts within the industry.”

Antonia d’Amico, Group ESG Director, D’Amico: “For d’Amico Group, participating in BWBS for the second consecutive year and achieving the Gold rating is a true honor and a great success. This initiative reflects our unwavering commitment to the environment and underscores our responsibility to reduce the impact of our operations on marine ecosystems and air quality. Initiatives like BWBS highlight our industry’s dedication to continuous improvement, demonstrating that operational efficiency and environmental responsibility can go hand in hand.”

Jack Duesler, Regional Operations Manager, NYK Line: “We are excited and proud of the success of this program!  It continues to be a challenge but not one that is insurmountable.  Each year has its own difficulties but we are able to work as a team both internally and externally to ensure we achieve the prestigious Sapphire Rating.”  

James Jeng, Chief Marine Technology Officer, Yang Ming: “At Yang Ming, we recognize our responsibility to minimize environmental impact and promote sustainable shipping practices. That’s why we are proud to continue our participation in BWBS, an initiative that delivers both environmental and social benefits while helping to safeguard a stable and biodiverse future. This effort aligns with our Protecting Biodiversity and Zero Net Deforestation Commitment announced in 2024, further reinforcing our dedication to sustainability. We are taking meaningful action to preserve the beauty and biodiversity of our oceans for generations to come.”

The Awards Ceremony was supported by Mediterranean Shipping Company S.A., or MSC; CSL Americas; Wan Hai Lines Ltd.; NYK Line; The Block Logistics and Sonos. 

CMA CGM Acquires Controlling Share of Brazilian Terminal Operator

26 April 2025 at 00:06


French shipping group CMA CGM reports it has closed the first stage in its planned acquisition of Santos Brasil, a multi-terminal operator in Brazil including the Port of Santos. CMA CGM announced in September 2024 its intention to acquire the company first buying shares from an institutional fund manager and then launching a tender offer for the remaining shares.

The acquisition comes as South America and specifically Brazil continues to draw investments from the major shipping companies. CMA CGM will be investing in excess of $2 billion to expand its operations in Brazil. MSC and Maersk have also announced expansions for their operations in Brazil as well as DP World.

CMA CGM reports it closed the acquisition of approximately 48 percent of the shares in Santos Brasil from funds managed by Opportunity, one of the largest asset managers in Brazil for a reported value of approximately $1.1 billion. Combined with a three percent position held by an affiliate of CMA CGM, the company now controls 51 percent of Santos Brasil.

A second stage tender will be launched for the remaining shares once an independent appraisal is completed. 

Santos Brasil operates five terminals and a total of eight assets, including the largest container terminal in Brazil and South America. The Tecon Santos Terminal in Santos currently has a capacity of 2.5 million TEU and will be expanded to 3 million TEU. It can dock three 14,000 TEU vessels simultaneously.  According to CMA CGM, the terminal handles 40 percent of Brazil’s overall container volume. They also called it the most efficient terminal in the Port of Santos. 

The acquisition expands CMA CGM’s 20-year presence in Brazil and is keeping with the strategy to grow terminal operations and the logistics segments of the business. CMA CGM said it will support the development of Santos and the other ports and will integrate the operations with its group including CEVA Logistics.

The acquisition comes as Santos continues to report strong growth. The Port Authority reported March was the third consecutive month of increases and at 460,000 TEU was the busiest March on record. It said the positive performance resulted in an increase of nearly seven percent for the first quarter of 2025 or a total of 1.3 million TEU handed in the port.

The federal government has committed to investments in the Santos port complex. It will invest $2.2 million to improve access both by land and sea, including new roads and the deepening of the shipping channel.  

The Port of Santos is a key contributor to Brazil’s foreign trade accounting for nearly a third (30 percent) of the country’s trade flow in March. China is the main trading partner accounting for more than 28 percent of the volume in the port.  In addition to containers, Santos is a major port for soybeans and other agricultural commodities as well as gasoline and the fuel sector.

Kpler Closes Spire Maritime Acquisition as UK Proceeds with Investigation

25 April 2025 at 23:04


The on-again-off-again acquisition of the maritime business from Spire Global by Kpler closed on Friday, April 25, the agreed date in a settlement between the two sides, but not without a new wrinkle to the contentious combination. The UK Competition and Markets Authority (CMA) confirmed it has opened an investigation into the proposed business combination requiring the companies to be independently operated.

Kpler confirmed in the closing announcement that it is working closely with the relevant regulatory authorities and in particular with the UK Competition and Markets Authority “in light of their review of the transaction.” Both sides had to enter into a compliance statement with CMA promising to operate the business units separately, not sharing technology or confidential business data. In addition to not moving forward with an integration, they committed to ensure that sufficient resources are made available for the development of both businesses, on the basis of their respective pre-merger business plans and maintain their current product offerings.

Despite the latest glitch, Kpler called the closing a “strategic move that bolsters Kpler's capabilities in maritime data and analytics.” Mark Cunningham, CEO of Kpler, said "The addition of this high-quality data will unlock greater value for our customers and partners by providing increasingly comprehensive and timely insights into global trade flows. It's about helping them navigate complexity, uncover opportunities, and make better decisions every day."

Spire reported the completion of the sale for approximately $233.5 million, before adjustments, plus a $7.5 million agreement for services over a twelve-month period, post-close. Spire reports it used the proceeds of the sale to retire all outstanding debt and that the remaining proceeds will be used to invest in near-term growth opportunities. It followed the terms first announced for the deal in November 2024.

Spire Global reported in February it had filed a lawsuit against Kpler for a failure to close the acquisition of its maritime group while also warning shareholders of potential debt problems if the deal is not completed. At the time, it said it believed all the conditions to closing contained in the purchase agreement had been satisfied, but that Kpler had not moved forward with the closing. Three weeks ago, Spire reported an agreement had been reached to resolve the litigation and mutually release claims, if the closing occurred by April 25.

In the CMA filing, it came out that Kpler had communicated with the regulator on February 25, March 11, March 12, March 24, March 31, and April 10, requesting that the CMA consent to derogations to the Initial Enforcement Order. CMA agreed on April 16 to permit Kpler to have a level of oversight of the acquired company while requiring that they be kept independent and Spire’s business continue as a going concern so as not to prejudice the investigation. CMA reports it is continuing to consider if the combination may be expected to result in a substantial lessening of competition in any market or markets in the United Kingdom.

Spire Maritime built its niche with real-time capabilities by designing, building, and deploying nanosatellites, each the size of a wine bottle, in a constant earth orbit collecting data from all the ships. Kpler said when the deal was announced it would expand its data reach, offering comprehensive visibility across open oceans. Management said the acquisition would further strengthen Kpler’s commitment to delivering superior real-time data and analytics to its clients, supporting informed, data-driven decision-making across the global supply chain.

Kpler in 2023 acquired MarineTraffic a portal for AIS data, mapping, and visualization along with FleetMon, a vessel database. Access to Spire Global’s proprietary satellites and analytics would enhance the portfolio.

Under the terms of the agreement, Spire Global retains its satellite network, technology, and infrastructure. It said it would focus its business on its customers in aviation, weather, and the space services sectors.
 

India Inaugurates Large Cruise Terminal in Mumbai to Grow Industry

25 April 2025 at 22:52

 

India is making a major statement in its quest to become a global cruise tourism destination with the inauguration of the country’s largest terminal at Mumbai Port. After eight years of construction and ?556 crores ($67 million) of investment, the Mumbai International Cruise Terminal (MICT) has started operations, a development expected to boost India’s determination to grow cruise tourism.

MICT has been in the works since 2018 and has faced a myriad of challenges, including funding and pandemic-instigated construction delays. The inauguration of the terminal is thus a significant milestone in efforts to attract leading cruise lines to India and drive the growth of cruise tourism. Currently, the cruise tourism market in India is valued at only $100 million, which is a mere one percent of the global market.

With the new terminal developed through a public-private partnership, India is upbeat about changing the narrative. MICT is the country’s largest cruise terminal spreading over an area of more than 415,000 square feet at Ballard Pier. The terminal is designed to handle over one million passengers annually, approximately 10,000 passengers per day. MICT can handle five cruise ships simultaneously, with an 11-meter (36-foot) draft and up to 300 meters (984 feet) in length.

The Mumbai Ports Authority (MbPA) reports it signed a 30-year concession with private firms Ballard Pier Port Private Limited and J M Baxi & Co to operate the terminal. Currently, only Cordelia Cruises operates from the new terminal, with its sole cruise ship, the Empress (48,500 gross tons) with a capacity of 1,840 passengers sailing twice-weekly. The line is in the process of expanding its fleet announcing an agreement with Norwegian Cruise Line to assume operations of two of its older ships in 2026 and 2027. India is also a stopover port for cruise ships transiting the region.

India’s Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal termed the inauguration of MICT as a major step in advancing Prime Minister Narendra Modi’s vision of transforming the country into a global cruise hub through state-of-the-art infrastructures. The vision encompasses tapping the potential of the country’s long coastline and vast inland waterways to build a booming international and domestic cruise tourism industry.  

In September last year, the Indian government launched the Cruise Bharat Mission to oversee the transformation of the cruise industry, setting ambitious targets that include the development of 10 international sea cruise terminals, the creation of 100 river cruise terminals, the launch of five marinas, and the integration of more than 5,000 km of waterways. The overall goal is to double cruise passenger traffic to over one million and 1.5 million river cruise passengers by 2029. This is expected to translate to the creation of over 400,000 direct and indirect jobs across the cruise value chain.

“Today, Mumbai, with its longstanding reputation as a major maritime hub in the world, commenced cruise operations from the Mumbai International Cruise Terminal, providing passengers with modern amenities for a better and safer experience,” said Sonowal.

While MICT incorporates sustainability amenities, Sonowal also inaugurated a shore power facility at Mumbai port as part of the green port initiative. Currently, however, only MbPA tugboats and Coast Guard vessels will be able to plug in before being expanded to include cruise ships in the future.
 

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