MARITIME INFRASTRUCTURE
On Iran war, Trump weighs two options: 'make a deal' or 'finish it off'
US President Donald Trump is weighing a deal with Iran against renewed military strikes, warning that a decision is approaching as Tehran escalates attacks on shipping near the Strait of Hormuz. Washington is reducing personnel in parts of the Middle East, while upcoming US midterm and Israeli elections add political uncertainty.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
India aims to quadruple port capacity by 2047, eyes stronger maritime cooperation with Rotterdam: Piyush Goyal
India intends to increase its port capacity significantly by 2047 to support economic growth and trade. Union Minister Piyush Goyal emphasized collaboration opportunities with the Port of Rotterdam for sustainable development. The Sagarmala initiative aims to enhance India's maritime infrastructure and connectivity effectively. A major maritime education institution will be established in Mumbai to train skilled seafarers. These efforts highlight India's commitment to bolstering its position in global maritime trade.
Operation Sindoor proved no target beyond IAF' s reach; air power remains India's primary responder, says Air Chief Marshal AP Singh
Air Chief Marshal AP Singh detailed the Indian Air Force's Operation Sindoor in a recent interview. The operation involved precision strikes responding to a terror attack, showcasing effective capability and integration. Singh emphasized the importance of maintaining multiple operational options and adapting to enemy tactics. He outlined future enhancements needed in various military domains for sustained effectiveness.
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Indian Army's new warfare doctrine: Rajnath Singh to unveil how the Army plans to tackle threats from China and Pakistan
Defence Minister Rajnath Singh will unveil the Indian Army's new land warfare doctrine, outlining how the force plans to adapt to modern combat involving drones, artificial intelligence, precision strikes and multi-domain operations.
"Not negotiating": Trump says "something will happen fairly soon" with Iran, as US mulls fresh strikes
US President Donald Trump indicated that there are no negotiations occurring with Iran at this time. He mentioned that something significant will happen fairly soon, possibly after the midterm elections. Reports suggest that the US and Israel have developed plans for potential military strikes against Iran's nuclear facilities and infrastructure. Iran has warned of retaliation, anticipating a new weapon, the 'Father of All Bombs.'
TVS ILP leases 80k sq ft at Visakhapatnam park in Andhra to Yokohoma group
TVS ILP has leased 80,000 square feet in Visakhapatnam to ATC Tires for a new warehouse. This facility will support domestic distribution and export operations for Yokohama passenger car tires. The development is expected to create local employment opportunities in the region. Visakhapatnam's strategic location provides significant advantages for various industries seeking to grow. This partnership is key in enhancing operational efficiencies and logistics infrastructure for ATC Tires.
Deendayal Port Authority issues LoA to Essar Ports Ltd. to develop Multi-Purpose Cargo Terminal at Tuna Tekra
Deendayal Port Authority has issued a Letter of Award to Essar Ports Ltd. for developing a Multi-Purpose Cargo Terminal. This terminal will be located at Tuna Tekra port in Gujarat and is part of a Public-Private Partnership initiative. The project will operate on a Build-Operate-Transfer basis for a 30-year concession period. Essar Ports emerged as the highest bidder, offering a royalty to DPA.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
ET Exclusive: Jio wants satellite broadband that connects 'every Indian home,' says Akash Ambani
Jio Platforms is preparing for its IPO while focusing on debt reduction and bolstering the balance sheet. The company plans to enhance customer engagement and revenue through digital service expansion and 5G monetization strategies. Jio is also exploring satellite connectivity opportunities to ensure broad access to digital services in India and beyond. Investment in technology and operational efficiencies remains a priority for sustainable growth.
In 2026, Kofi Asante-led Bluecore Energy raised $50 million to put small nuclear reactors on floating barges
A nuclear power plant that floats on water and sends electricity to shore may sound unusual, but one startup wants to make it a reality. Bluecore Energy, led by founder and CEO Kofi Asante, has raised $50 million to develop small nuclear reactors mounted on floating barges. The California-based company sees potential customers in AI data centers, ports and remote coastal communities that need reliable power.
Saudi Arabia’s Houthi trap: The underdog sets the price of war
The Houthis have demonstrated their capability to threaten Saudi Arabia's military superiority and economic infrastructure. The conflict continues as Saudi Arabia struggles to contain the Houthi advances, particularly in Taiz. The Houthis leverage their local knowledge and increased arms capabilities, complicating Saudi military efforts. Saudi reliance on fragmented Yemeni forces for support has not proven effective against Houthi strategies.
The U.S. paid $5 million each to keep 60 commercial ships under its flag in 2018; Defence can call on every vessel during war or a national emergency
In March 2018, the US government approved a $300 million program to support commercial vessels for defense strategies. This Maritime Security Program provides $5 million annually to each of the 60 participating ships. Operators must keep vessels under the US flag and make them available during national emergencies. The program aims to maintain the availability of trained American mariners and commercial infrastructure.
Brent crude oil prices hit $110 for first time since May as Iran attacks continue, Ukraine eyes Russia energy infra
Brent crude surpassed $110 per barrel as escalating attacks around the Strait of Hormuz and renewed Russia-Ukraine hostilities heightened global supply concerns. WTI also surged, recording weekly gains above 10%. Goldman Sachs warned prices could reach $120 if shipping disruptions worsen, while easing tensions could bring crude towards $80.
DP World eyes $5 bn India investment, warns West Asia crisis is rewiring global trade
DP World is ready to increase its investment in India between USD 3 billion and USD 5 billion in the coming years. The company urges for faster infrastructure development and quicker project approvals to unlock trade potential. Despite challenges, Narayan believes that India remains attractive due to its growing economic scale. Enhanced logistics capacity is critical for supporting India's manufacturing and export growth.
Indian Navy inducts multi-purpose INS Samarthak, a drone mothership and weapons testbed, the first major warship built by a private shipyard
Samarthak, the first multi-purpose vessel built by a private shipyard to be commissioned into the Indian Navy, has entered service with more than 75% indigenous content. Built by L&T, it will support weapons and sensor trials, maritime surveillance, unmanned systems, disaster relief and emergency response at sea.
Bet Dwarka Corridor: Underwater darshan, 108-foot Krishna statue, how Gujarat plans to transform Krishna's land
Gujarat's proposed Bet Dwarka corridor aims to improve pilgrimage facilities and tourism infrastructure around the island associated with Lord Krishna. The plan includes a heritage street, a proposed 108-foot Krishna statue and underwater viewing experiences linked to Dwarka's submerged past. Building on the Sudarshan Setu connection, the project seeks to combine religious tourism, heritage development and marine ecotourism.
India working to bring back 4 nationals rescued in Ethiopia after being kidnapped
Four Indian nationals from Punjab were kidnapped in Ethiopia and later rescued by local law enforcement agencies. The Indian Embassy in Addis Ababa remained in constant contact with local authorities during this situation. Following their rescue, consular officers met the individuals and provided them with necessary assistance. All four individuals are safe and efforts are being made to facilitate their return to India.
Aegis Logistics to acquire 89.8% stake in Dubai-based Tristar Holdings for $809 million
Aegis Logistics is set to acquire 89.8% stake in Tristar Holdings, based in Dubai, for $809 million. The deal seeks to strengthen Aegis's global footprint in liquid logistics and creating new avenues for business growth. The acquisition is expected to complete by the fourth quarter of FY27.
Why Saudi Arabia may keep Israel out of its fight against Yemen’s Houthis despite escalating missile attacks, rising security threats
Saudi Arabia's Crown Prince Mohammed bin Salman has declined Israeli Prime Minister Benjamin Netanyahu's request for military cooperation against the Houthis. This opposition stems from concerns about public reaction to collaboration with Israel. Recent Houthi attacks highlight the immediate security threat to Saudi infrastructure and civilians. Saudi Arabia maintains its stance that normalization with Israel requires progress on Palestinian statehood.
"India stands ready to work with ASEAN as reliable, equal partner": Rajnath Singh
Defence Minister Rajnath Singh on Wednesday called for stronger defence cooperation between India and ASEAN countries, including joint research on maritime security, counter-drone systems, cyber defence and disaster response, stressing that regional challenges require collective action and practical solutions.
Shipping ministry launches 2 credit risk insurance products for ship building industry
These policies include the Shipbuilding Project Credit Risk Insurance Policy for export projects and the Business Credit Shield Policy for domestic projects. The central government will subsidize insurance premiums and support insurers for shipyard claims. This initiative aims to alleviate financial stress and ensure smooth operations for shipyards.
The Andaman Islands could be India's next big trade trump card
India is focusing on strengthening the Andaman and Nicobar Islands' strategic maritime role for regional trade. The upcoming Andaman Dialogue 2027 will emphasize maritime infrastructure and economic cooperation among countries in the Indo-Pacific region. Commerce Minister Piyush Goyal highlighted the islands as an economic bridge, particularly for trade and logistics efforts. Enhanced cooperation between regional ports and industries is also proposed to bolster maritime security.
Oman tanker attack: Union seeks 'urgent status update' on two Indian seafarers missing after drone strike
Two Indian seafarers, Bir Bahadur Yadav and Amit Singh, are missing following a recent drone attack. The drone strike on MT Petro Dolphin occurred on October 11 while it was anchored near Oman. The Forward Seamen's Union of India urged authorities for updates and protection of merchant sailors in the region. The Indian Embassy in Oman is actively monitoring the situation and coordinating with relevant authorities.
MEA condemns attacks on two vessels in Hormuz region, calls for de-escalation
The Ministry of External Affairs condemned drone attacks on two commercial vessels in the Strait of Hormuz. MT Petro Dolphin and MT Valthera were involved in separate incidents, leaving two Indian seafarers missing. Search-and-rescue operations for the missing personnel are actively being coordinated by authorities in Oman. Concerns over maritime security in the region have been raised, following several attacks on vessels in recent days.
Kandla Port courts global hydrogen firms for green-fuel, shipping projects
The Kandla Forum 2026, hosted by Deendayal Port Authority, brought together over 200 professionals from the clean-energy sector, both globally and locally, to foster investments in green fuel and innovative technologies. The forum focused on enhancing Kandla's green-hydrogen infrastructure for maritime applications, showcasing cutting-edge solutions through a technology exhibition. This event signifies a crucial stride towards achieving India's green-energy objectives and minimizing carbon footprints.
India, EU launch industry coalition for green shipping corridor
India and the European Union launched an industry coalition for a green shipping corridor to bring companies together to develop cleaner maritime trade routes and accelerate the shift to low-emission fuels. India also plans to raise renewable energy use at major ports above 60% by 2030 and over 90% by 2047.
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