The South Korean shipping company HMM has signed a memorandum of understanding with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on the development of India's new port of Vadhvan. The agreement with the South Korean carrier follows the similar one signed at the end of last year by the JNPA with Terminal Investment Limited (TIL) of the Mediterranean shipping group Shipping Company ( of 23 December 2024).

The project of the new port of Vadhvan, which was officially started last August 30 with the installation of the first provides for a total investment of 762.2 billion rupees ($8.8 billion) for the construction of an airport which will have an annual traffic capacity of 298 million tonnes of cargo, including a capacity of containerized traffic of approximately 23.2 million TEUs. The construction of the new port was also decided in considering that the capacity of the nearby port of Nhava Sheva managed by JNPA is reaching saturation and the development of the nearby port of Mumbai is limited by the areas and the activity in this port of call of the ships of large flow is hindered by shallow port bottoms the new port of Vadhvan which will benefit from a natural seabed of -20 meters.

The project involves the construction of nine container terminals with a total of 18 quays that will gradually become operational in starting from 2029. By 2035, the capacity to Vadhvan containerized traffic will amount to 14.3 million of TEU.