United Petro Shipping Pte Ltd, Singapore (A Unit of United Petro Group )) and Sadhav Shipping Limited , India  have signed a MoU with the Government of Odisha ON 28th January 2025. Incorporating renewable energy, digitalization, circular economy models, and sustainable fuel alternatives, United Petro and Sadhav Group’s project will aim to establish Odisha as a hub for green maritime operations.

In alignment with the Maritime Amrit Kaal Vision 2047 the new JV integrate sustainable practices—such as eco-friendly vessel disposal, clean energy adoption, and green logistics positioning the companies involved at the forefront of sustainable maritime innovation under the Green Initiatives of Govt. of India.

Incorporating renewable energy, digitalization, circular economy models, and sustainable fuel alternatives, United Petro and Sadhav Group’s project will aim to establish Odisha as a hub for green maritime operations. 

In alignment with the Maritime Amrit Kaal Vision 2047 the new JV integrate sustainable practices—such as eco-friendly vessel disposal, clean energy adoption, and green logistics positioning the companies involved at the forefront of sustainable maritime innovation under the Green Initiatives of Govt. of India. 

Key Takeaways

• Integrating green ship recycling, clean energy solutions, and circular economic principles, the companies strengthen their market positioning and appeal to environmentally conscious clients and investors. 

• The project benefits from the following policies of Govt. of India and Odisha Govt.: 

• Various policies towards achieving its IMO SDG’s
• Make in India policies for ships promulgated vide DG Shipping India
• Maritime Amrit Kaal Vision 2047 for Port Led development
• Recently announced Maritime Cluster approach for Odisha 
• Govt. of Odisha’s Renewable Energy Policy 2022
• National Green Hydrogen Mission

 securing policy support, incentives, and alignment with national sustainability goals. 

• Pioneering in sustainable maritime infrastructure, UPG and Sadhav Group can create new investment opportunities, increase operational resilience, and position themselves as leaders in the transition to a greener maritime industry.

The Importance of Sustainability in Maritime and Industrial Operations

Maritime and industrial operations are major contributors to global carbon emissions, resource depletion, and environmental degradation. With rising regulatory pressures, stakeholder expectations, and economic requirements for long-term resilience, industries are shifting toward sustainable practices that include energy efficiency, renewable energy, circular economy, and decarbonization. Thus, Odisha, being a major industrial and maritime hub in India, has the potential to lead the transition to more efficient and sustainable operations

Sustainability initiatives are increasingly important for companies in the energy sector, especially in regions like Mexico and Africa where environmental and social impacts can be more pronounced. These efforts could involve reducing carbon emissions, investing in renewable energy, improving waste management, and engaging with local communities to support long-term development.

United Petro Shipping Pte. Ltd. is part of United Petro Group (UPG) having varied interests in the Oil & Gas sector. (www.unitedpetrogroup.com). UPG was founded and helmed by Dr. Ganapathi Dhiwaghar in 2004 as a crude oil and petroleum products trading company. With a significant presence in African, Middle Easten, Southeast Asean and European markets, UPG has increased supply capabilities, leveraging its own fleet to ensure timely deliveries. The company now trades over 1 million metric tonnes of petroleum products, 3.4 million crude oil and more than 30 million MMBtu LNG monthly, underscoring its efficient logistics and ability to meet global energy demands. United Petro Group currently developing various Oil & Gas Projects worldwide including a very large scale of “Petroleum & Petrochemical Complex “ in Gulf of Mexico, Mexico.

Sadhav Shipping Ltd. (NSE: SADHAV), is part of the Sadhav Group headed by Capt. Kamal Kant Choudhury (CMD). Sadhav currently owns and operates a mixed fleet of Offshore Vessels, port crafts and Oil Spill Response vessels. Sadhav also operates a dry dock in Paradip and undertakes ship repair for various third-party clients (Indian Navy & Indian Coast Guard). The group company Sadhav Offshore Engineering has recently signed the contract with Mumbai Port to place a Floating Dry Dock in Mumbai Port, the contract for building the FDD has also been placed to Artson Engineering (a subsidiary of Tata Projects).