Unifeeder and SMFCL Forge Path for Sustainable Coastal Shipping

Unifeeder and Sagarmala Finance Corporation Ltd (SMFCL) are collaborating to develop sustainable coastal shipping services in India. This partnership involves designing and financing coastal shipping corridors to decongest roads, reduce logistics costs, and decarbonize transportation, enhancing India's supply chain connectivity.

Unifeeder, a part of DP World, announced on Wednesday its partnership with Sagarmala Finance Corporation Ltd (SMFCL) to enhance sustainable coastal shipping services in India. This initiative aims to drive significant shifts from road to sea transportation.

According to a statement by DP World, the Memorandum of Understanding (MoU) offers a structured plan to develop and finance coastal shipping corridors. These corridors are designed to support India's objectives of reducing road congestion, lowering logistics costs, and promoting environmentally-friendly transport solutions.

The collaboration will leverage SMFCL's Maritime Development Fund for low-cost financing, while Unifeeder provides operational and digital expertise. The MoU was signed during India Maritime Week 2025, attended by key figures including Union Minister Sarbananda Sonowal and DP World's Sultan Ahmed bin Sulayem.

(With inputs from agencies.)