port-and-ship
19 December 2025
Maritime Logistics Professionalport-and-ship
Dec 19, 2025Maritime Logistics Professional
December 18, 2025
Kuwait will sign a contract next week with China Communications Construction Company (CCCC) to complete the Mubarak Al-Kabeer Port project, Public Works Minister Noura Al-Mashaan said on Thursday.
The Central Agency for Public Tenders approved on December 1 a contract between the ministry and CCCC for engineering, procurement and construction of the port's first phase, according to the official gazette.
The contract is valued at 1.219 billion Kuwaiti dinars ($3.97 billion), a government document seen by Reuters showed.
Kuwait's prime minister will attend the signing ceremony with the Chinese side, Al-Mashaan said in a statement.
Mubarak Al-Kabeer Port, on Bubiyan Island in northern Kuwait, is a strategic project aimed at creating a secure regional corridor and commercial hub. China has sought to link it to its Belt and Road Initiative.
Kuwait hopes the project will support economic diversification, boost GDP and help restore its regional commercial and financial role. The government says about 50% of the first phase has been completed but gave no details on remaining work.
The port is among several mega-projects Kuwait is pursuing with Chinese support, including power and water plants, renewable energy and waste recycling projects, as well as new residential cities.
Kuwait signed several memorandums of understanding with China in 2023 during a visit to Beijing by then-Crown Prince Sheikh Meshal Al-Ahmad Al-Sabah, who became emir in December 2023.
($1 = 0.3068 Kuwaiti dinars)
(Reuters)
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New York Launches $300M Port Push To Shore Up Offshore Wind Supply ChainThe first offshore wind turbine is installed at the South Fork Wind project offshore New York. Photo courtesy New York State
The New York State Energy Research and Development Authority announced a $300 million competitive solicitation on Friday to support maritime port development projects aimed at strengthening the state’s offshore wind supply chain, even as the broader industry grapples with significant regulatory and financial challenges.
The Port Infrastructure Request for Proposals will fund upgrades to load bearing capacity, wharf extensions, and other improvements designed to support offshore wind manufacturing, staging, and logistics while maintaining multi-use flexibility for container handling, vessel repair, and other commercial activities.
“To continue building out New York’s maritime assets as well as the offshore wind sector, we need ports capable of supporting multiple industries and technologies,” said NYSERDA President and CEO Doreen M. Harris. “This solicitation will facilitate port development to support offshore wind projects through investments in multi-purpose ports that can withstand demand fluctuations for products and services from any market, helping to ensure stability, while driving economic development opportunities over the near- and long-term for New York.”
The announcement comes as the offshore wind industry faces mounting pressures. A federal judge recently struck down the Trump administration’s directive to halt federal approvals for new wind energy projects, finding the agencies’ implementation of the order unlawful and arbitrary. New York led a coalition of 17 states and the District of Columbia in challenging the directive after the Interior Department ordered Norway’s Equinor to halt construction on its Empire Wind project off New York’s coast.
The broader industry has seen its project pipeline slashed from 45 projects to 23 between the third quarters of 2024 and 2025, with planned capacity dropping from 55.9 gigawatts to 25.4 gigawatts, according to the Energy Industries Council (EIC). The contraction stems primarily from policy changes under President Trump’s One Big Beautiful Bill Act, which requires projects to start construction by July 4, 2026 to secure tax-credit eligibility, or begin service by December 31, 2027. Roughly 83 percent of projects are not aligned with these deadlines.
Financial pressures have been severe. Stop-work costs reached up to $50 million per week on the Empire Wind project. Equinor reported a $763 million impairment related to Empire Wind 1 and South Brooklyn Marine Terminal development in its second quarter 2025 financial results, part of a larger $955 million write-down attributed to regulatory changes and increased tariff exposure.
Trade measures have compounded challenges, with duties of 10 to 15 percent on goods from the EU and UK and up to 50 percent on some steel and aluminum affecting critical components including blades, towers, nacelles and cables. The Department of Transportation’s decision to rescind $679 million in port grants has further slowed infrastructure upgrades.
New York’s $300 million solicitation will be available through multiple rounds until fully committed, repurposing $200 million previously allocated for the 2024 Offshore Wind Supportive Manufacturing and Logistics solicitation. Final proposals for round one are due by 3:00 p.m. ET on March 26, 2026.
“The investments into New York’s waterfronts are projected to create thousands of good-paying jobs across the state, and the New York State Department of Labor stands ready to develop our workforce to take advantage of these new opportunities,” said New York State Department of Labor Commissioner Roberta Reardon.
Rebecca Groundwater, EIC Global Head of External Affairs, emphasized the critical need for regulatory stability. “Policy clarity will be decisive in determining whether these projects move forward or stay in limbo,” she said. “Stable, predictable frameworks are what investors need to turn uncertainty into action and position the US to reclaim momentum in offshore wind development.”
Despite challenges, construction has resumed on the Empire Wind project and Equinor maintains its 2027 commercial operation target date for Empire Wind 1. The $5 billion project is designed to power 500,000 New York homes and includes redevelopment of the South Brooklyn Marine Terminal into what is set to become the nation’s largest dedicated port facility for offshore wind.
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port & ship
20 December 20254 min readNew York Launches $300M Port Push To Shore Up Offshore Wind Supply Chain
gCaptain
20 December 2025
port-and-ship
Kuwait To Sign $4B Mubarak Al-Kabeer Port Infrastructure...December 18, 2025
Kuwait will sign a contract next week with China Communications Construction Company (CCCC) to complete the Mubarak Al-Kabeer Port project, Public Works Minister Noura Al-Mashaan said on Thursday.
The Central Agency for Public Tenders approved on December 1 a contract between the ministry and CCCC for engineering, procurement and construction of the port's first phase, according to the official gazette.
The contract is valued at 1.219 billion Kuwaiti dinars ($3.97 billion), a government document seen by Reuters showed.
Kuwait's prime minister will attend the signing ceremony with the Chinese side, Al-Mashaan said in a statement.
Mubarak Al-Kabeer Port, on Bubiyan Island in northern Kuwait, is a strategic project aimed at creating a secure regional corridor and commercial hub. China has sought to link it to its Belt and Road Initiative.
Kuwait hopes the project will support economic diversification, boost GDP and help restore its regional commercial and financial role. The government says about 50% of the first phase has been completed but gave no details on remaining work.
The port is among several mega-projects Kuwait is pursuing with Chinese support, including power and water plants, renewable energy and waste recycling projects, as well as new residential cities.
Kuwait signed several memorandums of understanding with China in 2023 during a visit to Beijing by then-Crown Prince Sheikh Meshal Al-Ahmad Al-Sabah, who became emir in December 2023.
($1 = 0.3068 Kuwaiti dinars)
(Reuters)
Maritime Logistics Professional
port & ship
19 December 20252 min readKuwait To Sign $4B Mubarak Al-Kabeer Port Infrastructure...
Maritime Logistics Professional
19 December 2025
port-and-ship
Ictsi To Invest $175M In Major Rio Brasil Terminal ExpansionBrazil’s minister of ports and airports, Silvio Costa Filho, has announced a R$948m (around $175m) private investment to expand and modernize the operations of the International Container Terminal Services, Inc. (ICTSI) Rio Brasil Terminal at the Port of Rio de Janeiro.
The project, scheduled to run from 2025 to 2029, will increase the terminal’s operational capacity by 70.5%, from 440,000 TEUs per year to 750,000 TEUs annually.
Of the total investment, around R$414.4m will be allocated to infrastructure works, while R$533.5m will be used to acquire new equipment.
Planned improvements include the unification and expansion of storage yards, rearrangement of buildings to optimize internal flows, acquisition of new equipment for container handling, modernization of utility systems and electrical infrastructure, as well as investments in technology and automation.
Advanced access control, monitoring, and cargo management systems will also be deployed.
“It’s an investment of almost R$1 billion that will be essential for us to expand operations here at the port, going from 440 thousand to 750 thousand TEU and, in the future, perhaps reaching 1.2 million,” said minister Filho.
The expansion of the Rio Brasil Terminal will allow the terminal to continuously operate large vessels on the full berth, including new panamax and post-panamax vessels, up to 366 meters long and with a capacity of more than 13,000 TEUs.
Two new cranes, set to arrive by mid-2026, are designed to service vessels of up to 400 meters.
With additional yard capacity and new cranes becoming available in 2026, ICTSI Rio is already offering expanded capacity to customers.
Once fully implemented, the terminal is expected to operate at around 75% capacity utilization between 2029 and 2030, improving predictability, lowering logistics costs, and at the same time offering limited waiting times.
Commenting on ICTSI’s investment, Anders Kjeldsen, ICTSI’s vice president for the Americas, said “this project demonstrates our long-term commitment to the development of Brazilian logistics competitiveness.” ICTSI operates 34 terminals in 20 countries.
Shipping Telegraph
port & ship
17 December 20252 min readIctsi To Invest $175M In Major Rio Brasil Terminal Expansion
Shipping Telegraph
17 December 2025
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Hapag-Lloyd Inks $500M Order For Eight Dual-Fuel Methanol BoxshipsPhoto credit: Preben Olsen
Germany’s container shipping firm Hapag-Lloyd has inked a $500m order with Chinese shipyard CIMC Raffles.
The Hamburg-based carrier has ordered eight 4,500-TEU container vessels, with deliveries set for 2028 and 2029. The investment volume amounts to more than $500m.
The ordered units will feature dual-fuel methanol engines, offering up to 30 percent greater efficiency than comparable older tonnage and the potential to cut as much as 350,000 metric tons of CO2e annually when using methanol propulsion.
The ships, which are part of Hapag-Lloyd’s first newbuild project involving this sustainable propulsion technology, will complement the growing portfolio of dual-fuel container ships in the company’s fleet: At present, a total of 37 dual-fuel liquefied natural gas (LNG) units that can also operate using biomethane are in operation or planned.
In addition, in April 2024, Hapag-Lloyd had already agreed with Seaspan Corporation to have five 10,100 TEU container ships converted to dual-fuel methanol propulsion in 2026 and 2027.
Moreover, in November 2024, Hapag-Lloyd had concluded an agreement with the Chinese energy producer Goldwind for the supply of 250,000 metric tons of green methanol per year.
Hapag-Lloyd also decided that another 14 newbuildings in the size classes 1,800 TEU (4 units), 3,500 TEU (6 units) and 4,500 TEU (4 units) will be chartered on a long-term basis. The ships will be delivered between 2027 and 2029.
In total the carrier is investing in 22 new ships in the segment with a capacity of less than 5,000 TEU.
“Continuously modernizing our fleet is firmly anchored in our Strategy 2030. The new ships will help replace older tonnage, further decarbonize the Hapag-Lloyd fleet, and reduce our dependence on the charter market. What’s more, operating these state-of-the-art ships will be much more cost-efficient,” said Rolf Habben Jansen, chief executive officer of Hapag-Lloyd AG.
With a fleet of 305 container ships and a total transport capacity of 2.5 million TEU, Hapag-Lloyd plans by 2030 to reduce the absolute greenhouse gas emissions of its fleet operations by around one third compared to 2022. The next target is to achieve net-zero fleet operations by 2045.
Shipping Telegraph
port & ship
16 December 20252 min readHapag-Lloyd Inks $500M Order For Eight Dual-Fuel Methanol Boxships
Shipping Telegraph
16 December 2025
port-and-ship
Ictsi Pours $175M Into Rio Terminal ExpansionManila-based port operator International Container Terminal Services Inc (ICTSI) is pressing ahead with a major expansion at Brazil’s Rio Brasil Terminal, committing R$948m ($175m) to lift capacity and modernise operations at the Port of Rio de Janeiro.
The investment programme, running from 2025 to 2029, will increase annual capacity by more than 70%, from 440,000 teu to 750,000 teu, positioning the terminal as a key logistics gateway for Brazil’s Southeast and Midwest regions.
Brazil’s minister of ports and airports, Silvio Costa Filho, said the project underlines the government’s focus on private investment to strengthen the country’s port system. Of the total spend, around R$414m will go into infrastructure works, with a further R$533m earmarked for new equipment.
Planned upgrades include expanded and unified container yards, redesigned internal layouts to improve cargo flows, new ship-to-shore and yard equipment, and modernised electrical and utility systems. ICTSI will also roll out new automation, access control and cargo management systems, while upgrading facilities to meet Brazilian customs requirements.
Costa Filho said the expansion could eventually take capacity beyond 1.2m teu, adding that the project would also support job creation and income generation in the region.
From an operational standpoint, the upgraded terminal will be able to handle new panamax and post-panamax vessels, including ships up to 366 m and more than 13,000 teu. The first two new cranes are due to arrive by mid-2026 and are designed to work vessels of up to 400 m in length.
ICTSI Rio Brasil Terminal chief executive Roberto Lopes said the expansion will help relieve pressure on Santos, Brazil’s busiest port, by redistributing container flows. He added that the project builds on ICTSI’s wider logistics investments in Brazil, including more than R$190m already spent on the Rio-Minas and Rio-Suzano corridors, with a focus on rail connections.
With additional cranes and yard space coming online from 2026, ICTSI is already marketing the extra capacity. Full implementation is expected to see utilisation settle at around 75% by 2029–2030, improving predictability, reducing waiting times and lowering logistics costs. ICTSI vice-president for the Americas Anders Kjeldsen said the project reflects the group’s long-term commitment to Brazil. ICTSI operates 34 terminals in 20 countries.
Splash247
port & ship
16 December 20252 min readIctsi Pours $175M Into Rio Terminal Expansion
Splash247
16 December 2025
port-and-ship
Hapag-Lloyd Orders Eight Methanol Dual-Fuel Boxships In $500M Newbuild PushHapag-Lloyd has firmed up its fleet renewal plans with an order for eight dual-fuel methanol container ships at China’s CIMC Raffles, alongside agreements to charter a further 14 vessels on long-term contracts.
The German liner major said the eight newbuildings will each have a capacity of 4,500 teu, with deliveries scheduled for 2028 and 2029. The investment totals more than $500m and marks the company’s first newbuild project based on methanol propulsion.
The ships will be fitted with dual-fuel engines capable of running on methanol and conventional fuel. Hapag-Lloyd said the vessels will be up to 30% more efficient than older ships in the same size range and could cut emissions by as much as 350,000 tonnes of CO₂ equivalent per year when operating on methanol.
The order adds to a growing alternative-fuel portfolio at the carrier, which already has 37 LNG dual-fuel ships in operation or on order, with the ability to run on biomethane.
Alongside the firm order, the Hamburg-based carrier has agreed to charter 14 additional feeder ships on a long-term basis. These include four vessels of 1,800 teu, six of 3,500 teu and four more of 4,500 teu, with deliveries spread between 2027 and 2029. Together with the CIMC Raffles order, the carrier is investing in 22 ships below 5,000 teu, as previously outlined earlier this year.
Chief executive Rolf Habben Jansen said fleet renewal remains central to the company’s Strategy 2030. “The new ships will help replace older tonnage, further decarbonise the Hapag-Lloyd fleet and reduce our dependence on the charter market,” he said, adding that operating costs would also be lower.
The methanol newbuilds sit alongside other steps taken by the carrier to cut emissions. Hapag-Lloyd has agreed with Seaspan to convert five 10,100 teu ships to methanol dual-fuel capability in 2026 and 2027, and last year signed a supply deal with China’s Goldwind for 250,000 tonnes of green methanol per year. The fuel mix of bio- and e-methanol is expected to reduce greenhouse gas emissions by at least 70%.
Hapag-Lloyd is targeting a one-third cut in absolute fleet emissions by 2030, compared with 2022 levels, and net-zero operations by 2045. As of the end of September, the carrier operated over 300 ships totalling about 2.5m teu, ranking it as the world’s fifth-largest container line.
Splash247
port & ship
16 December 20252 min readHapag-Lloyd Orders Eight Methanol Dual-Fuel Boxships In $500M Newbuild Push
Splash247
16 December 2025
port-and-ship
800-Ton Goliath Crane Takes Shape In Port Of ChioggiaItaly’s Cimolai Technology reached a major construction milestone on one of the largest crane projects currently underway in Europe, completing the lifting and erection of the main girder of the first of two massive 800-ton rail-mounted Goliath cranes at the Port of Chioggia.The lift, carried out at Cimolai Technology’s Chioggia facility in the Val da Rio port area, marks the conclusion of a critical technical phase in a complex, international heavy-engineering project. Once completed, each crane will stand nearly 110 meters tall with a span of 118 meters, placing them among the largest rail-mounted Goliath cranes ever built for naval and heavy industrial applications.The first crane is scheduled to be fully assembled by the end of December 2025, while erection and assembly of the second unit will be completed by spring 2026. Sea transport of the cranes—one barge load-out per crane—is planned for summer 2026.
Heavy-Lift Capability for Naval Construction
Cimolai Technology, a global specialist in custom lifting and handling systems, is responsible for the full scope of engineering, manufacturing, assembly, testing and delivery of both cranes. Designed for heavy naval lifting operations, the cranes can operate independently or in tandem, providing exceptional flexibility for shipyard operations.When working together, the two cranes will have a combined lifting capacity of up to 1,600 tonnes, enabling the handling of large ship sections and heavy modules typically associated with naval construction and large commercial shipbuilding programs.
Fully Assembled, Shipped by Sea
One of the most distinctive aspects of the project is the delivery concept. Rather than assembling the cranes at the client’s shipyard, Cimolai Technology is building, assembling and testing the cranes in their entirety at Chioggia. Once complete, each crane will be transported fully assembled and operational by sea on a dedicated heavy-transport barge.
This approach minimizes disruption at the final destination shipyard in Monfalcone, near Trieste, allowing operations there to continue uninterrupted while ensuring rapid commissioning upon arrival.The project highlights the integrated capabilities of the Cimolai Technology Group. ACCS – Armando Cimolai Centro Servizi is responsible for fabricating the structural steel components, while Cimolai Technology oversees design, construction and testing. The Val da Rio logistics and production area serves as a centralized hub for pre-assembly, verification and shipment.Covering more than 45,000 square meters, the Chioggia facility is located within an area designated for port-related industrial activities under the Port Master Plan. The site has become a model for cooperation between industry, port authorities and local institutions.The milestone also reinforces Chioggia’s growing role in the special industrial cargo segment. According to the North Adriatic Sea Port Authority (AdSP MAS), continued investment in infrastructure is planned to support projects of this scale, including maintenance dredging of 250,000 cubic meters in the Val da Rio area to improve nautical accessibility. A permanent AdSP office is also scheduled to open in Chioggia in 2026, strengthening coordination with port users and the local community.“The completion of the lifting of the first crane’s main girder represents a symbolic goal of Cimolai Technology’s innovative capabilities,” said Roberto Cimolai, CEO of the Cimolai Technology Group. With the successful erection of the first crane, Cimolai Technology continues to solidify its position as a global leader in heavy lifting systems for shipbuilding, infrastructure and industrial markets—while delivering one of the most ambitious crane projects currently underway in the European maritime sector.
Imae courtesy Cimolai Technology
Marine Link
port & ship
16 December 20253 min read800-Ton Goliath Crane Takes Shape In Port Of Chioggia
Marine Link
16 December 2025
port-and-ship
Snam To Buy Igneo’S Interest In Olt-Offshore Lng Toscana In €126M DealItaly-headquartered Snam agreed to buy Igneo Infrastructure Partners’ 48.2% interest in OLT – Offshore LNG Toscana S.p.A., operating the FSRU Toscana offshore Livorno.
According to Snam, the total consideration of the acquisition, including Igneo’s interest as well as the remaining part of the shareholder loan provided by Igneo to OLT, is equal to approximately €126m.
The closing of the transaction is expected within the first half of 2026 subject to customary regulatory approvals, including obtaining the necessary authorisations under applicable Italian antitrust and golden power regulations.
Once the transaction is completed, Snam – who is an existing co-shareholder in the business – said it will hold a total stake of 97.3%, resulting in the consolidation of OLT in Snam’s financial statements.
The FSRU located about 22 km offshore Livorno has an annual capacity of about 5 billion cubic meters (bcm), increased in the 2024 compared to the previous 3.75 bcm, and equal to almost 8% of Italy’s total gas demand.
“As of the end of November 2025, LNG imports in Italy reached 18.7 bcm, meeting approximately one third of overall domestic gas demand, with 205 vessels from more than 10 different countries reaching the five regasification terminals in the country,” said Snam’s chief executive officer Agostino Scornajenchi. “This transaction is therefore crucial in strengthening Snam’s leadership in the LNG business, which today plays a strategic role in guaranteeing Italy’s energy security.”
Snam is a European operator in natural gas infrastructure, focusing on three main business areas: transportation, storage, and regasification, whilst Igneo is a global mid-market infrastructure investment specialist which has been operating since 1994.
Shipping Telegraph
port & ship
13 December 20252 min readSnam To Buy Igneo’S Interest In Olt-Offshore Lng Toscana In €126M Deal
Shipping Telegraph
13 December 2025
port-and-ship
Asso.Subsea Wins Multi-Project Deal For Tennet’S 2Gw Grid Build-OutGreek offshore contractor Asso.subsea has secured a major spread of cable installation and protection work from France’s Nexans across three of TenneT’s flagship 2GW offshore transmission projects in the German North Sea. The awards cover the BalWin3, LanWin2 and LanWin4 developments, with offshore campaigns slated to run from 2027 through 2031.
The multi-year scope, with an undisclosed value, includes more than 650 km of offshore cable burial and over 60 km of nearshore laying and burial. Operations will be centred around the cable-laying vessel Atalanti, which is being outfitted with a modified turntable to handle Nexans’ four-cable bundle configuration — two 525 kV HVDC export cables, one metallic return line and a fibre-optic cable.
Asso.subsea will also deploy its trenching support fleet, including the newbuild Avra, due to join the company in early 2028. Burial work will combine jetting and mechanical trenching using the company’s AssoTrencher IV and AssoJet III systems, backed by full as-laid and as-buried survey coverage. The nearshore element of the projects will involve cable loading and transport from Nexans’ Norwegian facility, as well as beach pulls and simultaneous lay-and-bury operations — areas where Asso.subsea has built a strong track record.
Earlier this year, the company also secured nearshore cable installation scope for TenneT’s BalWin4, LanWin1, and LanWin5, located off the northwestern coast of Baltrum Island.
“These awards are a strong recognition of our ability to execute highly demanding scopes, from precision nearshore operations to deep-water burial campaigns,” said Alessandro Panico, director of business development at Asso.subsea. He added that the latest wins underscore the contractor’s long-running partnership with Nexans and its role in delivering Europe’s expanding offshore grid.
In related news, Enshore Subsea has been awarded a contract for the shallow water cable installation work on the three offshore grid connection systems. The UK-based subsea specialist will be responsible for installing the Wadden Sea sections, with work scheduled for 2027, 2029, and 2030.
Splash247
port & ship
11 December 20252 min readAsso.Subsea Wins Multi-Project Deal For Tennet’S 2Gw Grid Build-Out
Splash247
11 December 2025
port-and-ship
Hd Hyundai Advances $2-Billion Shipyard Proposal In Tamil NaduSouth Korea’s HD Hyundai is moving ahead with plans to set up a major shipbuilding facility in India, following the signing of an exclusive agreement with the Tamil Nadu government. The pact was formalised on Sunday in Madurai, according to a report by Pulse, the English platform of Maeil Business News Korea.
The proposed shipyard is estimated to involve an investment of around USD 2 billion, as cited by Indian media reports referenced by Pulse. HD Hyundai, however, clarified that the size and structure of the investment are still under evaluation.
The initiative aligns with India’s broader push to elevate its shipbuilding ecosystem and emerge as the world’s fifth-largest maritime manufacturing hub. Tamil Nadu is one of the four shortlisted states for new shipyard development, alongside Gujarat and Andhra Pradesh. Should the state be formally chosen, HD Hyundai is expected to emerge as a leading partner in India’s flagship shipyard expansion program.
The Thoothukudi region has been highlighted by the company as a strong contender for the project, owing to its climatic similarity to Ulsan—the base of HD Hyundai Heavy Industries—and ongoing investments in adjacent port infrastructure.
HD Hyundai has been steadily deepening its engagements in India. Earlier this month, it signed a cooperation agreement with BEML, a public-sector company under the Ministry of Defence, to strengthen collaboration in crane manufacturing. The partnership will span design, production, and quality assurance, with plans to supply Goliath and jib cranes to Indian shipyards.
In July, the South Korean major entered into a long-term memorandum of understanding with Cochin Shipyard Limited, India’s largest state-owned shipbuilder. That partnership has recently broadened to include naval shipbuilding projects, reflecting HD Hyundai’s strategy to expand its presence in India’s fast-growing maritime sector.
Maritime Gateway
port & ship
10 December 20252 min readHd Hyundai Advances $2-Billion Shipyard Proposal In Tamil Nadu
Maritime Gateway
10 December 2025
port-and-ship
Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian GulfIran has seized a vessel said to be carrying 350,000 litres of smuggled gas oil (diesel) from the country.
The Eswatini-flagged ship was stopped in the Persian Gulf, and its 13 crew members, hailing from India and a neighbouring country, have also been detained.
Per sources, the ship was seized under a judicial order and taken to the shores of Bushhr.
The fuel is being offloaded and will be given to Bushehr Oil Products Refining and Distribution Company.
This is not the first time that Iran has seized vessels in the region by accusing them of smuggling fuel.
On November 29, Ali Salami-zadeh, the prosecutor of Kish Island, said that two vessels were seized in the Persian Gulf for smuggling 80,000 litres of fuel.
In March, two foreign tankers, called Star 1 and Winteg, were also confiscated in the Persian Gulf.
At that time, the IRGC said that the tankers had 25 crew and were carrying over 3 million litres of smuggled diesel fuel.
Iranian officials usually cite fuel smuggling as one of the major reasons for raising fuel prices in the country.
Masoud Pezeshkian, president of Iran, said in January 2025 that 20 to 30 million litres of gasoline are smuggled daily and called it a catastrophe as the supply chain from production to distribution is in their own hands.
However, such large-scale fuel smuggling is not possible without the involvement of the IRGC, as it controls and oversees all the imports and exports via unofficial ports and airports.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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02 December 20253 min readIran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian Gulf
Marine Insight
02 December 2025
port-and-ship
Ad Ports Cashes Out Of Nmdc Stake In $436M DealAD Ports Group has sold its 9.77% stake in National Marine Dredging Company (NMDC) to Alpha Dhabi Holding in a $436m transaction, marking the ports group’s third divestment of non-core assets this year.
The stake was originally transferred to AD Ports Group by Abu Dhabi’s investment arm ADQ ahead of the company’s listing in 2022. Over less than four years, the holding delivered a total shareholder return of 17% through dividends and capital gains, the Abu Dhabi-based ports and logistics giant said.
AD Ports said the sale fits its strategy to monetise non-core assets and recycle capital into higher-return opportunities while reducing leverage. Proceeds from the deal will go toward strengthening the balance sheet, where the group reported AED 17bn ($4.62bn) in net debt at the end of September. Earlier divestments included land and logistics facilities sold to Mira Developments and Aldar Properties.
Group CEO Mohamed Juma Al Shamisi said the transaction reinforces AD Ports’ commitment to active portfolio management. “The proceeds strengthen the Group’s financial position and capital structure,” he said, adding that the company will continue reshaping its asset base to maximise value.
Alpha Dhabi, already the dominant shareholder, will see its stake in NMDC rise to around 77%. The Abu Dhabi-based investment group said the acquisition aligns with its focus on scaling industrial platforms tied to the UAE’s long-term economic agenda.
Alpha Dhabi CEO Hamad Salem Al Ameri said the deal reflects the company’s push into high-impact industrial sectors that “align with national priorities and global trends.”
UAE-based NMDC remains a major player in EPC and marine dredging, with a growing international footprint through multiple joint ventures.
Splash247
port & ship
28 November 20252 min readAd Ports Cashes Out Of Nmdc Stake In $436M Deal
Splash247
28 November 2025
port-and-ship