Some of the largest shipping and oil companies in the world have refrained from trading due to the Houthi rebels’ attacks on commercial vessels in the Red Sea. This has caused delays and increased costs as trade has been diverted away from a vital route for consumer goods and energy supplies. On Monday, BP announced […]
How The Houthi Attacks In The Red Sea Will Impact India’s Trade Read More »
Adani Ports and Special Economic Zone Ltd (abbreviated the APSEZ) announced on Friday that it had entered into a second strategic partnership with Mediterranean Shipping Company’s (the MSC) arm, Terminal Investment Limited (abbreviated TiL), for the seamless operation of Adani Ennore Container Terminal Pvt Ltd (popularly known as the AECTPL). TiL is a partner of
Eagle Bulk Shipping of the United States and Star Bulk Carriers of Greece have amalgamated to establish the largest dry bulk shipping firm listed in the United States. The boards of directors of both firms have authorised the all-stock merger, which results in a pro forma market capitalization of $2.1 billion. When the acquisition is completed
Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to invest 5,000 crore in port infrastructure and 1,500 crore in its own desalination plant, with a focus on port-led industrialisation. Hindustan Petroleum Corporation Ltd has invested 800 crore, and Indian Oil Corporation Ltd has invested 500 crore. Sealord Containers Ltd would invest Rs 500 crore to build
Maritime Investments Worth Rs. 8,347 Crore in Mangalore Read More »
