President Donald Trump revealed on Monday plans to lower U.S. tariffs on Indian goods from 25% to 18%, after Indian Prime Minister Narendra Modi agreed to reduce purchases of Russian oil. The move comes after months of U.S. pressure on India to cut its reliance on discounted Russian crude, which India had increased following the February 2022 Russian invasion of Ukraine.
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Italy’s port operations are set for disruption as dockworkers prepare for a nationwide strike on February 6, 2026, raising concerns across the European maritime and logistics sectors.
The Genoa-based grassroots dockworkers’ union Unione Sindacale di Base (USB) has announced a 24-hour international general strike that will involve port workers and the wider maritime sector at ports throughout Italy. The planned action is expected to affect cargo handling, vessel turnaround times, and related port services, potentially creating delays in regional supply chains.
In a rare shift in global liquefied natural gas (LNG) trade, at least three LNG cargoes from Australia and Canada are now heading toward Europe and the Americas instead of their usual Asian markets. The move comes after an Arctic storm in the U.S. disrupted gas production and limited LNG exports from Gulf Coast terminals, according to ship tracking data.
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US President Donald Trump has appointed Laura DiBella as chairman of the Federal Maritime Commission (FMC), filling a key leadership position at the nation’s maritime regulator as it takes on a stronger role in global shipping oversight.
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Greece placed maritime security and the protection of global supply chains at the center of international attention by hosting a high-level roundtable at United Nations Headquarters in New York on January 29, 2026. The event was co-organized by the Permanent Mission of Greece to the UN and the Delphi Economic Forum, drawing policymakers, maritime security specialists, and industry leaders.
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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.
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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).
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.
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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.
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.
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.
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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.
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 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.
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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.
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