Oaktree ends decade in TORM with $311m Hafnia sale
Kiyaan Singh
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…
Mega CMA CGM Container ship returns in Suez Canal
After 2 2-year absence, the Suez Canal has recorded the mega transit of the Container ship CMA CGM JACQUES SAADE. THE LNG-powered vessel transited the canal carrying 154,000 tonnes of…
$13.5m contract for UK Royal Navy Mine Counter Measures operations
Thales has secured a contract worth £10m ($13.5m) from UK government-owned entity Defence Equipment and Support to design, develop, and supply new autonomous command centres for the Royal Navy’s Mine…
Adani Hazira Port gets Advanced Traffic Signal light system
Adani Hazira Port has successfully commissioned a new Traffic Signal Light System As an effort to strengthen safety, streamline traffic movement, and improve overall operational efficiency within the port premises.…
Did Tanker Market saw a SlowDown ?
The tanker market supply saw an interesting slowdown in ordering activity in 2025. Over the first 11 months, there were 231 orders of crude and product tankers over 25k dwt,…
Israel approved $35 billion natural gas export deal
A multibillion-dollar agreement for the export of natural gas from Israel to Egypt. NewMed Energy (45.3% working interest), Chevron (operator, 39.7%) and Ratio (15%) have received approval for their Leviathan…
French Frigates Seize $142 Million in Drugs in Arabian Sea
Two French Navy frigates operating under the Saudi-led Combined Task Force have intercepted more than 150 $142 million worth of illicit drugs from multiple vessels in the Arabian Sea, marking…
Adnai ports completes acquisition of Australia’s North Queensland export terminal
The acquisition was completed through a share-based arrangement, enabling APSEZ to add the asset without significant immediate cash outflow. NQXT is characterised by stable, long-term contracts and strong operating margins,…
22M Grant To Egypt For Building First Of Its Kind Dive Support Vessel For Suez Canal
Japan will provide Egypt a grant worth EGP 1 billion (USD 22 million) to finance the construction and delivery of a first-of-its-kind Dive Support Vessel (DSV) for the Suez Canal…
Reef Grounding Caused Australian Cruise Ship to be Detained in Papua New Guinea
Australian-flagged cruise ship Coral Adventurer remains stuck on the coast of Papua New Guinea after running into a reef early Saturday morning, with Australian authorities detaining the vessel over seaworthiness…
Philippine Navy gets 2 more 3,200 ton frigates from HD HHI
South Korean shipbuilding major HD Hyundai Heavy Industries (HHI) has signed a contract to deliver two 3,200-ton frigates to the Philippine Navy Since 2016, HHI has delivered two frigates and…