MPCC Buys Four 7,000 TEU Ships, Locks $375M Loan
Kiyaan Singh
MPC Container Ships is buying four 7,000 TEU vessels for $340 million, each already chartered to a top-five liner for three years, and has secured a $375 million term loan…
MPCC Buys Four 7,000 TEU Ships, Locks $375M Loan
MPC Container Ships is buying four 7,000 TEU vessels for $340 million, each already chartered to a top-five liner for three years, and has secured a $375 million term loan…
India opens anti-dumping probe into CRGO electrical steel
India’s Directorate General of Trade Remedies opened an anti-dumping investigation on 22 June into cold rolled grain oriented electrical steel and amorphous metal from China, Japan, Korea and Russia, acting…
Oaktree ends decade in TORM with $311m Hafnia sale
Hafnia completed its purchase of about 14.1 million TORM A shares from Oaktree on 22 December 2025, paying $22 a share for $311.43 million and pushing Oaktree below the one-third…
India FTA Rules of Origin 2026: Duty Lines, CoO, Compliance
India’s free trade cover now spans 38 countries across nine deals. The UK and Oman agreements go live in 2026, the EU pact in 2027 Three of the nine deals…
China Launches World’s First Modular Battery Swapping Cargo Ship
China has officially commenced commercial operations for the world’s first standard modular battery swapping ship. The vessel, named Hefu Weilan 01, completed its maiden cargo voyage between Wuhu Port and…
DP World Invests $800 Million in Port of Tartous Modernization
DP World Chairman Essa Kazim recently met with Qutaiba Ahmed Badawi, Chairman of Syria’s General Authority for Borders and Customs, in Damascus to review the progress of the Port of…
Greyshark Drone Submarine: Mapping the Strait of Hormuz in 24 Hours
Bremen-based defense firm Euroatlas has introduced Greyshark, the world’s largest and longest endurance autonomous underwater vehicle (AUV). Designed to operate without a support ship for up to four months, Greyshark…
Volvo and DSV Launch Commercial Autonomous Freight Operations in Texas
Volvo Autonomous Solutions (VAS) and global logistics provider DSV have officially commenced commercial autonomous freight operations in Texas. The partnership reached a milestone with the first commercial truckload hauled by…
India Launches $1.5 Billion Bharat Maritime Insurance Pool for Shipping Risks
Indian government launched the $1.5 billion Bharat Maritime Insurance Pool (BMIP). Backed by a $1.4 billion (₹12,980 crore) sovereign guarantee, the initiative is designed to ensure uninterrupted insurance coverage for…
Adani’s Astro Offshore and Oceaneering Target European Subsea Projects
Adani Ports and Special Economic Zone (APSEZ) marine platform Astro Offshore has entered an agreement with US based Oceaneering International. The partnership will pursue specialized offshore and subsea projects in…