PORT
Trump extends shipping waiver for oil, fertiliser by 90 days
President Trump has granted a 90-day extension for energy companies to move goods using foreign ships. This extension aims to support domestic fuel prices amid ongoing concerns about elevated energy costs. The decision comes shortly before the previously approved waiver was set to expire. Critics argue that this waiver undermines American shipbuilding, while producers emphasize its importance for transporting products efficiently.
Indian seafarer stranded at Karachi port: India makes consular request to Pakistan
India is addressing the situation of an Indian seafarer and five crew members stranded at Karachi port. External Affairs Ministry spokesperson Randhir Jaiswal confirmed ongoing communication with the stranded individuals and their employer. The Indian government has submitted a consular request to Pakistan to facilitate their return. Jaiswal noted that the situation fundamentally involves the shipping company and the employees on the vessel.
Iraq turns to trucks to export oil in overland Syrian route revival
Iraq has revived an overland oil export route through Syria to bypass disruptions in the Strait of Hormuz caused by the Iran war. Qatari energy group UCC Holding has been transporting 120,000-150,000 barrels per day of Iraqi crude by tanker trucks from southern Iraq to Syria’s Mediterranean port of Baniyas since October 26.
Finance Ministry assures stakeholders to honour trade concessions on British Scotch Whisky
The Finance Ministry is currently engaging with stakeholders about bulk scotch whiskey imports from the United Kingdom. Stakeholders expressed concerns after bulk scotch containers faced detainment at Indian ports. Customs officers are demanding a 150% import duty instead of the agreed 75% rate. Foreign Trade Secretary Rajesh Agrawal assured that India would honor duty concessions under the trade agreement. This situation unfolds amidst ongoing discussions regarding import regulations and concessions.
Iran's Guards say they targeted a US early-warning radar in Bahrain
Iran's Revolutionary Guards reported a missile strike on a US early-warning radar located in Bahrain. This strike was described as retaliation for an Israeli air attack on Iranian infrastructure. The conflict between Iran and the US has intensified since February, affecting regional stability. The US response involved a naval blockade on Iranian ports following these tensions. No immediate response from the US or Bahrain has been registered regarding this incident.
Man Industries' consol profit more than doubles to Rs 82 crore in Jul-Sep
Man Industries reported a more than twofold rise in consolidated Q2 profit to Rs 82 crore, driven by 49% revenue growth and record EBITDA. Saudi acquisition boosted margins, while a Rs 3,500 crore order book supported business prospects.
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All 19 Indian seafarers safe after tanker "attack" off UAE: Shipping Minister Sonowal
Union Minister Sarbananda Sonowal confirmed the safety of Indian seafarers following multiple attacks on tankers. The crude oil tanker MT DOMINICA PROSPERITY was targeted near Mina Saqr, but all crew members were safely evacuated. Another tanker, NCC FAJR, involved three Indian seafarers, who were declared safe after a possible attack. Earlier, MT FUJAIRAH ENERGY was attacked while transiting the Persian Gulf, resulting in minor injuries to one Indian national.
Indian Navy conducts fifth edition of pan-India coastal defence exercise 'Sea Vigil-26'
The Indian Navy is set to execute the fifth iteration of the Coastal Defence Exercise 'Sea Vigil-26' this month. This crucial exercise aims to assess the effectiveness of coastal security measures while pinpointing weaknesses in the current defence systems. It brings together personnel from various maritime agencies to evaluate readiness along the coast. Later, a tactical simulation will mirror possible security attacks, reinforcing India's maritime security against emerging threats.
IIT Madras develops real-time digital twin platform for autonomous maritime navigation
Researchers at IIT Madras have created SEANAV, a digital twin platform for testing autonomous maritime navigation systems. This innovation simulates real-world conditions, reducing the costs and risks associated with testing. The platform supports applications in search-and-rescue operations and maritime defense. It is aimed at enhancing safety at major Indian ports and improving navigation strategies.
Stock Radar: Breakout from symmetrical triangle pushes Adani Ports to fresh record highs; time to buy or book profits?
Adani Ports & Special Economic Zone Ltd has broken out from a symmetrical triangle pattern on daily charts. The stock has hit fresh record highs and is recommended for short-term buying opportunities. Experts suggest potential upside targets of Rs 2,000 to Rs 2,100 in the next few weeks. Additionally, the stock demonstrates a strong bullish setup, reflecting positive momentum. The critical stop-loss level for traders is advised at Rs 1,750.
Three Indian seafarers safe after Saudi-flagged oil tanker faces possible attack in Strait of Hormuz, says Sonowal
A Saudi Arabia-flagged oil tanker named NCC FAJR experienced a possible attack while navigating the Strait of Hormuz. Three Indian seafarers aboard the vessel are reported to be safe after the incident. The Indian government is actively monitoring the situation and coordinating with the ship management company. Maritime safety concerns have arisen due to this incident affecting commercial shipping routes.
Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on Wednesday
Sensex surged 773 points and Nifty closed above 25,250 on Wednesday, extending their winning streak to nine consecutive regular sessions. M&M and InterGlobe led the Nifty and Sensex gainers, rising over 5% and 4%, respectively. Adani Ports SEZ and ICICI Bank featured among the top losers on both indices.
Adani Ports can absorb proposed Evos acquisition costs: S&P
Adani Ports and Special Economic Zone intends to acquire Evos BV, a Netherlands-based liquid storage operator. The all-cash transaction, valued at 2.56 billion euros, emphasizes strategic international expansion. The acquisition aims to enhance Adani Ports' liquid portfolio with new-age transition fuels, reflecting its growth strategy. S&P Global Ratings predicts Evos could contribute 9 percent of Adani Ports' total EBITDA by fiscal 2029.
Iran says tanker struck mine, caught fire in Hormuz
An oil tanker has been engulfed in flames after striking a mine in the Strait of Hormuz, as Iran continues to limit maritime traffic since the onset of regional hostilities. In retaliation, the United States has implemented a blockade on Iranian ports, while its Central Command is guiding ships through the strait to guarantee their safety. Recently, three more tankers have experienced fire incidents in the area.
Liberian-flagged tanker carrying six Indian seafarers hit by projectile in Persian Gulf while sailing towards Dubai
A Liberian-flagged oil tanker carrying six Indian seafarers was hit by a projectile while travelling through the Persian Gulf on Tuesday, leaving four crew members injured, including one Indian national. Union Minister Sarbananda Sonowal said the remaining 18 crew members, including five other Indians, were safe.
Wheat hits lowest since June ahead of Black Sea peace talks
The conflict has damaged ports amid escalating strikes in the Black Sea region, and disrupted exports of wheat from Russia and Ukraine, two of the world’s biggest suppliers of the grain.
India offers 3-part plan to de-escalate Ukraine war
India has proposed a three-part framework to Russia and Ukraine to help de-escalate the war, focusing on economic and maritime security. The proposal calls for a halt to attacks on energy facilities and critical infrastructure, uninterrupted grain and energy shipments through Black Sea ports, and an end to strikes on merchant ships, civilian crew and maritime trade routes.
Tanker carrying Russian diesel halts off US coast, shipping data shows
President Donald Trump last month announced a surprise deal with Moscow to import diesel from Russia to help lower prices at the pumps ahead of this month's US midterm elections.
Adani Group to invest more than $120 billion in capex over five years: Report
The Adani Group is poised to infuse over $120 billion into capital projects within the next five years, predominantly channeling funds into the energy sector, transport, and logistics. With about 70% allocated to energy, and 20% to transport and logistics, this substantial investment aims to double the group's asset base and generate core earnings ranging from 2.6 to 3 trillion rupees.
China’s high-tech ports push raises global trade ambitions, sparks security concerns
China is expanding its global maritime influence through AI-powered automated ports, smart shipping technologies and digital infrastructure. While these innovations promise greater efficiency, Western governments fear growing dependence on Chinese systems could create security vulnerabilities, geopolitical leverage and risks to critical global supply chains and international trade networks
Waaree Energies to invest 15,000 cr in green ammonia project in Andhra
Waaree Energies will invest approximately ₹15,000 crore to establish a green ammonia project in Andhra Pradesh. The facility will have an annual production capacity of 1.2 million tonnes and will be positioned strategically near the Kakinada Gateway Port. An MoU will be signed at the Andhra Pradesh Investment Summit later this week to formalize the investment. The project has received approval under the Andhra Pradesh Integrated Clean Energy Policy, 2024.
The Count of Monte Cristo by Alexandre Dumas
At once (as was also customary) the terrace of Fort Saint-Jean was thronged with onlookers, because the arrival of a ship is always a great event in Marseille, particularly when the vessel, like the Pharaon, has been built, fitted out and laded in the shipyards of the old port and belongs to an owner from the town.
TRAI sets port charge ceilings for IP-based interconnection, effective Jan 2027
TRAI has capped annual charges for telecom IP interconnection ports at ₹5.6 lakh for 1 Gbps and ₹42.3 lakh for 10 Gbps, effective January 1, 2027. The ceilings apply across fixed-line, mobile and long-distance services, with operators free to negotiate lower rates.
Analysts see Nifty climbing to 25,600, recommend buying on dips
Nifty gained over 8.5% last week, crossing the 25,000 mark and demonstrating bullish momentum. Analysts foresee further upside towards 25,300-25,600 despite possible consolidation due to volatility. Key support for the Nifty is located at 24,000, promoting buying on potential dips. Top stocks recommended include Adani Ports, MCX, and SBI, showing strong bullish signals. Market breadth improved, with over half of Nifty 50 stocks above their 200-day moving averages.
Iran says two oil tankers catch fire after hitting naval mines in Strait of Hormuz
Two oil tankers caught fire after allegedly striking naval mines while attempting to cross unauthorised routes through the Strait of Hormuz, Iran's Revolutionary Guards said. The incident comes amid heightened tensions between Tehran and Washington, with Iran restricting shipping through the strategic waterway and the US enforcing a naval blockade on Iranian ports.
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
F&O Radar: Long Call Butterfly Spread strategy for Adani Ports
Adani Ports has broken out of a Symmetrical Triangle pattern, crossing its previous all-time high with strong volumes and bullish momentum. Technical indicators suggest potential upside towards Rs 2,000. Derivatives data supports a positive outlook, with a Long Call Butterfly strategy offering defined risk and attractive potential returns.
US Iran war: UAE plans third crude oil pipeline to avoid Strait of Hormuz
The United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeline would connect the western coast of the UAE to the port of Fujairah on the eastern side. Abu Dhabi National Oil Co. is considering this initiative to bolster its oil supply capabilities. The pipeline could also be utilized by third parties, increasing overall efficiency.
Stock Radar: Adani Ports stock breaks out from a downward-sloping channel, poised to hit fresh highs; time to buy?
Adani Ports has broken out of a downward-sloping channel on strong volume, signalling further upside. Technical indicators remain bullish, with experts targeting Rs 2,020–Rs 2,050 over the next three to four weeks and recommending a stop-loss below Rs 1,790.
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