India–Oman CEPA comes into force on 1 June 2026
NEW DELHI : The India–Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force on 1st June 2026, marking a major milestone in strengthening the economic and strategic partnership between the two countries. The
Prozo expands in Maharashtra with a new 50,000+ sq. ft. fulfilment centre in Bhiwandi
BHIWANDI: Prozo, India’s fastest-growing full-stack supply chain company, has extended its Maharashtra footprint with the launch of a new fulfilment centre in Bhiwandi, spanning 50,000+ sq. ft. The addition brings Prozo’s Maharashtra network to 7 fulfillment
HGT successfully completes the acquisition of a 50% stake in a greenfield container terminal project in Brazil
ROTTERDAM/ARACRUZ: Hanseatic Global Terminals (HGT) and the Imetame Group successfully completed the establishment of the Hanseatic Global Terminals Aracruz S.A. joint venture. Both companies officially begin their partnership to develop and operate the new
MSC reportedly acquires majority stake in Ukraine’s largest Private Port Operator TIS Group
ODESSA : In a development that could significantly reshape Ukraine’s maritime and logistics landscape, media reports indicate that MSC Mediterranean Shipping Company has acquired a 51 percent controlling stake in TIS Group, the country’s
Hapag-Lloyd and Seaspan complete first methanol retrofit
HAMBURG: Hapag-Lloyd, one of the Top 5 global container lines, and Seaspan Corporation, a global leader in maritime asset ownership and management, have successfully completed the first conversion under their joint methanol retrofit program.
AD Ports Group acquires CLI, Brazil’s leading Agri-Bulk Port Terminal Operator, for over AED 3 Billion
ABU DHABI : AD Ports Group, a leading global enabler of trade, industry, and logistics solutions, acquired Corredor Logística e Infraestrutura (CLI), Brazil’s leading independent agri-bulk port terminal operator, entering the South American market
Geopolitics boost freight rates but pose challenges to shipowners elsewhere
NEW YORK: Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said. Freight rates in various sectors have risen as
Lloyd’s Register expands maritime digital capabilities to tackle shipping’s digital disconnect
LONDON: Lloyd’s Register (LR) is expanding its maritime digital transformation capabilities with a growing portfolio of integrated advisory, assurance and software services and solutions designed to help shipowners and operators move from fragmented digital