MEDITERRANEAN SHIPPING COMPANY
Adani group did not attempt Vizhinjam port stake sale without govt approval: V D Satheesan
Replying to an unstarred question in the Assembly recently, Satheesan said Adani Vizhinjam Port Private Limited (AVPPL) had submitted an application to the government seeking prior approval for the proposed transfer of its existing 49 per cent shareholding.
WTO ups goods trade forecast on AI boom amid Middle East disruptions
World merchandise trade volume growth was stronger than expected and is now projected to reach 3.9% in 2026, up from 1.9% in the WTO's baseline forecast issued in March.
From just-in-time to just-in-case: oil executives say world needs more export routes
The ongoing disruptions from the Iran conflict are reshaping energy supply chain strategies. TotalEnergies and BP are actively seeking alternative pipeline avenues to avoid conflict-affected areas. Chevron is in discussions with Iraq's government for potential oilfield access and new pipeline initiatives.
The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oil
It started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. Three years after October 7, the Middle East’s fault lines have cracked open far beyond where the first shots were fired.
Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
Iran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf producers adapted quickly by utilizing alternative pipeline routes and increasing their oil exports. These adjustments helped stabilize oil prices around $100 per barrel despite the ongoing conflict. While the workarounds have been effective, they are costly and not sustainable long-term.
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India needs multi-route energy strategy as West Asia tensions threaten supplies: Experts
Growing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas suppliers. Expanding storage and port infrastructure is also crucial for national energy security. Alternative routes and logistical options are needed to maintain supplies during crises. India must build resilience through reserves and flexible refining capacity.
In 1872, a ship named Mary Celeste was found sailing without its crew. 154 years later, the mystery of what happened to the sailors remains unsolved despite several searches
In 1872, a ship named Mary Celeste was found sailing without its crew. 154 years later, the mystery of what happened to the sailors remains unsolved despite several searches. The vessel was seaworthy, carried cargo and supplies, but its lifeboat was gone. Several theories have attempted to explain the disappearance, including fears that the ship was taking on water, but no evidence has established what happened.
Ports giant DP World redraws Hormuz logistics with truck bet
DP World also set up hybrid sea-and-road services for shipments from Asia and the US, also via Turkey.
Saudi pipeline hit by drones to be out of service for weeks, further restricting oil flow
A Saudi oil pipeline faces weeks of repairs after an attack, impacting global petroleum supplies. Houthi rebels captured key Red Sea islands, further threatening Saudi oil exports. This disruption forces the kingdom to shift crude oil away from the Persian Gulf. The pipeline's shutdown threatens extended periods of reduced oil flow to markets. The ongoing conflict in Yemen is also escalating, causing significant displacement and casualties.
What the closure of Saudi Arabia's East-West pipeline means for oil flows
Saudi Arabia closed a major oil pipeline after a drone attack, raising global energy shortage fears. This closure threatens to remove millions of barrels of oil from the market daily. The war with Iran has already strained energy supplies and increased prices significantly. Consumers worldwide are experiencing higher fuel and energy costs due to these disruptions. Experts warn of further supply shocks and escalating prices impacting households globally.
Maersk plans to expand fleet as CEO sees new era for shipping
In light of shifting shipping economics, Maersk is set to expand its container fleet, embracing market volatility as a path to increased profits.
Why is the Bab el-Mandeb Strait so important?
Iran-backed Houthis aim to control Yemen's Red Sea coast and Bab el-Mandeb strait. This strategic waterway connects Asia to Europe via the Suez Canal. Major shipping firms have rerouted vessels, increasing freight costs and journey times. Houthi control could grant Iran leverage in its conflict with the United States. Petroleum volumes transiting Bab el-Mandeb represent about seven percent of global oil output.
Red Sea blockade threat: Why India’s trade faces a wider supply-chain shock
A prolonged disruption could force ships to reroute around the Cape of Good Hope, raising logistics costs while squeezing exporters and adding pressure on imported industrial and agricultural inputs.
India must strengthen shipping capacity, naval protection amid growing chokepoints: GTRI
India must treat maritime insecurity as a long-term trade risk as the Red Sea crisis crosses 1,000 days, GTRI said. Longer shipping routes have raised freight, insurance and working-capital costs, particularly hurting MSME exporters trading with Europe and the US.
Saudi Red Sea oil exports go 'dark' as Houthi attack threat grows
Saudi crude exports are vanishing from view as tankers switch off tracking signals. This Houthi threat is creating wide discrepancies in Saudi export estimates. All recent Yanbu crude loadings have been conducted without visible tracking signals. Meanwhile, Saudi crude loadings from Egypt's Sidi Kerir have hit record levels. This shift reflects tanker companies altering sailing strategies amid rising war risk insurance.
Putin says Russia will start seizing European vessels if its ships targeted
The comments, which Putin made as he oversaw navy drills in Russia's far east, come as the EU tries to ratchet up pressure on Russia's so-called shadow fleet, expanding sanctions against hundreds of vessels and detaining some ships and their crews for checks. Some European governments have said they are exploring tougher maritime enforcement measures against ships suspected of sanctions evasion.
Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply
A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed pipeline. This shift creates longer and more complex voyages for Asian customers.
Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion
Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85 billion. The deal aims to expand capacity, boost cargo traffic and strengthen global trade connectivity, subject to approvals.
Big jolt for Indian exporters as shipping rates up 40% on higher fuel & insurance costs amid Iran war
As the winds of global trade shift, Indian exporters are grappling with soaring shipping expenses. The cost of container transport is skyrocketing, with rates expected to rise as much as 40 percent due to soaring fuel prices and increased insurance fees. The ongoing conflict in Iran is exacerbating these challenges.
Maersk faces significant port congestion in Asia, Mediterranean
Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule.
Longer disruptions at Red Sea trade route may hurt auto, electronics production: GTRI
The Global Trade Research Initiative (GTRI) warned that longer disruptions at the Red Sea trade route can harm manufacturing lines of sectors like electronics, automobiles, chemicals, consumer goods, and machinery. Just-in-time manufacturing processes are particularly vulnerable due to low inventory levels and reliance on timely arrivals. Disruptions in the Suez Canal can lead to delays in manufacturing and increased costs.
Big emissions bills are coming for ships sailing in Europe
The ships carry over 80% of the trade globally and contribute a big chunk in terms of emissions, producing about 1 billion tons of CO2 into the atmosphere in the year 2018.
Eighteen Indian sailors stuck in China to return to India on February 14: Mansukh Mandaviya
"Our 18 stranded seafarers of MV Anastasia stuck in China are coming to India. The crew will sign off from Japan today and will reach India on February 14,” Ports Shipping and Waterways Minister Mandaviya told.
Companies have begun to improve the range & accuracy of weather forecasting
Roughly 60% of the operating expenses of a ship are in fuel costs, with a large ship burning 50 tonnes of oil per day.
Adani to develop transhipment hub at Mundra with Swiss co arm
The expansion of AICTPL will position Mundra as the major transhipment hub in the country providing congestion free and cost effective solution.
Kochi bets big on cruise tourism
As Kochi becomes a major attraction for cruise tourism, the Kochi port is gearing up to meet the arrival of big liners.
Adani, Mediterranean Shipping form joint venture for container terminal
Adani Ports and SEZ (APSEZ) today said it has formed a joint venture with Switzerland-based MSC Mediterranean Shipping Company.
Mundra Port docks largest container ship in India
Mundra Port today handled one of the largest and longest container vessels in the world--MV MSC Valeria, having a capacity of 14,000 TEUs.
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