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…
Iran Seizes Foreign Tanker Over Alleged Fuel Smuggling
Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported Authorities…
Indian Coast Guard First Indigenous Pollution Control Vessel ‘Samudra Pratap’
The Indian Coast Guard (ICG) has inducted its first indigenously designed and built Pollution Control Vessel (PCV), ‘Samudra Pratap’ (Yard 1267). Samudra Pratap is the largest vessel in the ICG…
India’s Exports Show Resilience Amid US Tariff Challenges
India’s merchandise exports have shown consistent recovery and growth over recent years, adapting to multiple global disruptions India’s merchandise exports reached $407.00 billion in Jan-Nov 2025 despite 50% US tariffs.…
Trinidad Govt tightens export rules on Construction Materials
The government has removed several construction-related materials from the Open General License for exports. The new rules take effect beginning on January 1, 2026. The amendment was made by Trade,…
Korea’s first 1,900 ton chemical response ship to build by HJSC
HJ Shipbuilding & Construction has won a $47.6 M USD contract to build the Korea Coast Guard’s 1,900-ton multi-purpose chemical response vessel through the Public Procurement Service. After the 2013…
Russia First Domestically Built Ice-Class LNG Tanker
Russia has taken delivery of its first domestically built ice-class liquefied natural gas (LNG) tanker. Sovcomflot PJSC, Russia’s largest shipping company, has received the Alexey Kosygin, the first home-built ice-class…
$2.3M Fines Per Voyage After Spain Blocks Weapons Shipments To Israel
The United States is considering penalties against Spain after Spanish authorities denied port access to cargo vessels carrying US weapons to Israel. Spanish officials have said that ships carrying arms…
$12.5B Surge in India’s Creative Exports of Jewellery, Toys.
India’s exports of creative goods surged 7.3% to $12.5 billion in the first seven months of FY26, driven by fashion accessories, jewellery, carpets, and toys. The United Arab Emirates has…
Navi Mumbai Airport major boost for India’s air cargo capacity
Navi Mumbai International Airport’s operations officially commenced on 25 December 2025. The facility is designed to function as a premier global logistics hub, offering critical advantages for the supply chain…
Indian cardamom exporters bullish on Guatemalan crop failure
A failure in Guatemala’s cardamom crop has increased the hopes of Indian exporters of dispatching more overseas shipments, especially to the Gulf markets for the ensuing Ramadan season. The emerging…