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Pakistan and Rwanda Explore Direct Maritime Links to Boost Trade and Shipping

Pakistan and Rwanda are taking significant steps to strengthen bilateral trade and establish direct shipping connections, aiming to enhance supply chain efficiency and reduce transit costs. The move was highlighted during the Rwanda Coffee Festival held in Islamabad, inaugurated by Pakistan’s Federal Minister for Commerce Jam Kamal Khan.

VOC Port, Tamil Nadu Government Join Hands to Launch Mega Shipbuilding Hub at Tuticorin

V.O. Chidambaranar Port Authority (VOC Port) and the Tamil Nadu government have teamed up to create a large-scale shipbuilding and heavy industries hub in Tuticorin (Thoothukudi), marking a major boost for India’s domestic maritime manufacturing sector.
The partnership has been formalized through a special purpose vehicle (SPV) named National Shipbuilding & Heavy Industries Park, Tamil Nadu, structured as a 50:50 joint venture between VOC Port and the State Industries Promotion Corporation of Tamil Nadu (SIPCOT).

CONCOR Reports Steady Q3 Financial Performance, Declares 3rd Interim Dividend

CONCOR Reports Steady Q3 Financial Performance, Declares 3rd Interim Dividend

Container Corporation of India Ltd. (CONCOR), the Navratna public sector logistics leader, has announced its financial results for the third quarter and nine months ending December 31, 2025. The Board of Directors approved the unaudited standalone and consolidated results and declared a robust interim dividend, highlighting the company’s continued strength in India’s multimodal logistics sector.

Shipping giant Maersk to take over Panama Canal ports after court ruling

Maritime Safety , Security and Technology

Maersk to Temporarily Manage Panama Canal Ports Following Court Decision

Danish shipping giant Maersk will take temporary control of two key Panama Canal ports after Panama’s Supreme Court ruled contracts held by Hong Kong-based CK Hutchison were unconstitutional.
The Panama Maritime Authority (AMP) confirmed on Friday that APM Terminals, part of the Maersk Group, will serve as the “temporary administrator” for the Balboa and Cristobal ports, located at either end of the canal. CK Hutchison’s subsidiary, Panama Ports Company (PPC), had managed these ports since 1997 under a concession extended in 2021 for 25 years.

1 Dead, 6 Fishermen Missing After Gloucester Fishing Vessel Sinks in Freezing Atlantic Waters

Maritime Safety , Security and Technology

1 Dead, 6 Fishermen Missing After Gloucester Fishing Vessel Sinks in Freezing Atlantic Waters

A maritime tragedy struck Gloucester, America’s oldest fishing port, when the commercial fishing vessel Lily Jean sank in the frigid Atlantic Ocean Friday morning. The U.S. Coast Guard was alerted by the boat’s emergency beacon after no mayday call was received.
Rescuers discovered one crew member deceased, floating in the water, along with debris and an empty lifeboat. Six fishermen remain missing as the search continues amid harsh winter conditions.

CMA CGM Reroutes Atlantic Fleet to Safer Areas as Severe Storms Hit European and North African Waters

CMA CGM Reroutes Atlantic Fleet to Safer Areas as Severe Storms Hit European and North African Waters

French shipping and logistics group CMA CGM has temporarily diverted several of its Atlantic-trading vessels to designated safe zones as severe storms disrupt navigation across parts of the European and North African coastline. The precautionary move follows exceptional weather conditions affecting waters off France, Spain and Morocco, with particularly hazardous conditions reported in the Bay of Biscay.

PSA Singapore and MOL Partner to Launch Joint Venture Ro-Ro Terminal

PSA Singapore and MOL Partner to Launch Joint Venture Ro-Ro Terminal

PSA Singapore and Mitsui O.S.K. Lines (MOL) have entered into a strategic collaboration to establish a joint venture roll-on/roll-off (Ro-Ro) terminal in Singapore, marking a major step toward strengthening global automobile logistics and enhancing terminal service quality.
The partnership brings together PSA Singapore, operator of the world’s largest container transhipment hub, and MOL, one of Japan’s leading shipping companies, to jointly manage Ro-Ro terminal operations. By combining their respective strengths, the two companies aim to unlock operational synergies and support long-term growth in automobile transportation.

Rex Secures Jackup Rig for Offshore Oman Drilling

Maritime Trade & Economy

Rex Secures Jackup Rig for Offshore Oman Drilling

Singapore, listed Rex International is moving forward with offshore development drilling in Oman after its subsidiary Masirah Oil secured a jackup rig for operations at the Yumna field.
Masirah Oil confirmed that its parent company, Rex Oman, has signed a contract for the Energy Emerger jackup drilling rig, operated by Northern Offshore. The rig will drill three development wells at the Yumna field in offshore Block 50, with drilling activities scheduled to begin in March 2026.

OceanScore Appointed Global Administrator of Environmental Ship Index from January 2026

OceanScore Appointed Global Administrator of Environmental Ship Index from January 2026

OceanScore has been appointed as the new administrator of the Environmental Ship Index (ESI), taking over the role with effect from 1 January 2026, following an announcement by the International Association of Ports and Harbors (IAPH). The move marks a significant step in strengthening one of the shipping industry’s most widely used environmental incentive schemes.

Stonepeak Invests US$2.4 Billion in Global CMA CGM Terminal Portfolio through United Ports Joint Venture

Maritime Environment Policy and Law

Stonepeak Invests US$2.4 Billion in Global CMA CGM Terminal Portfolio through United Ports Joint Venture

Stonepeak has committed US$2.4 billion to acquire a minority stake in a portfolio of 10 major container terminals operated by CMA CGM, marking one of the largest recent infrastructure investments in the global port sector. Under the agreement, CMA CGM and Stonepeak will establish a US-based joint venture, United Ports LLC, through which the terminals will be held.