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…
Ministry of Finance Ghana announce successful resolution of US$750 million facility
The Government of the Republic of Ghana, acting through the Ministry of Finance, and the African Export-Import Bank (Afreximbank) are pleased to announce the successful resolution of the issues surrounding…
IRFC refinances ₹9,821cr freight loan to save ₹2,700cr in interest costs
Indian Railway Finance Corporation, the financing branch of Indian Railways, has refinanced a ₹9,821 crore foreign currency loan previously held by Dedicated Freight Corridor Corporation of India. The original debt,…
MSC Enhances Iroko Service
Mediterranean Shipping Company (MSC) has announced a significant enhancement to its Iroko service with the introduction of a new direct call at Cape Town, strengthening connectivity between Asia, South Africa,…
Turkish firm Aselsan reach $2 Billion in Export Deals
Turkish defence firm Aselsan set a record performance in international sales, having secured export deals totalling over $2 billion. highlighted by a major $410 million electronic warfare system deal with…
Imabari Shipbuilding delivers 13,900 TEU containership
Imabari Shipbuilding completed the 13,900-TEU container ship “ONE SERENITY” at its Marugame headquarters The vessel is designed exclusively for container transport, with a capacity of 13,932 TEU and up to…
US Navy’s fourth LCU construction begin
Shipbuilder Austal USA has started construction on the fourth US Navy’s landing craft utility (LCU) at the company’s Mobile, Alabama, ship manufacturing facility. The LCUs are important connectors for the…
Melbourne Intermodal Terminal begins rail freight operations
Australia’s newest and largest intermodal terminal has started rail freight services, marking a major step for Victorian and national supply chains. The $400 million Melbourne Intermodal Terminal (MIT), backed by…
India increased steel exports by 31%
India increased its steel exports (including stainless steel) by 31% year-on-year to 5.77 million tons in April-November of this year (8 months of the 2025/2026 financial year). The main factors…
Maersk introduces dry port surcharge on Indian exports
Maersk has announced the introduction of a Dry Port Surcharge Export (DPS) for cargo moving from Indian inland locations via Indian ports of loading to worldwide destinations. The new surcharge…
For the first time since 1971, the Pakistan Navy warship berthed at the port of Bangladesh
For the first time since the 1971 Bangladesh Liberation War, a Pakistan Navy warship has docked in Bangladesh. The frigate PNS Saif arrived at Chattogram port on November 8th for…