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02 August 2025
Port Technology Internationalport-and-ship
Aug 02, 2025Port Technology International
The Japanese shipping line reported revenue of $4.05 billion and a net profit of $86 million.
Jeremy Nixon, CEO of Ocean Network Express, said: “Our FY2025 1Q results show our adaptability amid ongoing geopolitical and economic challenges. Our full year forecast is likely to face headwinds from continued geopolitical uncertainties and evolving market conditions in key economies and port congestion that impact global supply chains.
“We are optimising our cargo portfolio and vessel deployment while implementing measures to address logistical challenges. This ensures we maintain agile, efficient operations and provide customers with quality service.”
Last month, ONE restructured and expanded its Baltic feeder network to enhance connectivity, reliability, and regional reach. ONE Europe also renewed its ISO 14001:2015 certification, extending its scope to include a broader range of inland transport logistics.
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Turkish Red Crescent Sends 18Th Goodness Ship With 800 Tons Of Aid To GazaThe Turkish Red Crescent (Kizilay) has sent its 18th “Goodness Ship” with 800 tons of humanitarian aid to Gaza from the Port of Mersin.
The ship mainly has food and blankets, and marks a major humanitarian effort after the recently established ceasefire in Gaza.
The aid will reach Egypt’s Al-Arish port after a 3-day voyage, from where it will be sent to Gaza.
Turkish Red Crescent President Fatma Meric Yilmaz said that Gaza “remains a wound on humanity’s conscience.”
She recounted how all crossings were blocked and aid could not reach the people who were being bombed, losing their family, friends, pets and burying their loved ones with their own hands.
She added that the recent ceasefire enabled organisations to offer help, and the Turkish Red Crescent has begun its Goodness Ship series to reach those they could not help before.
The 18th ship has 17,500 blankets and ready-to-eat food for orphaned children, the elderly and the disabled.
There are 50,000 food parcels as well.
The 17th ship had carried 510,000 canned meat products, and a million cans were sent to soup kitchens to prepare meals.
She said that Turkiye will continue its humanitarian efforts for Gaza.
Yilmaz also said that he sufferings of the Palestinians will be remembered for centuries.
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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port & ship
14 November 20253 min readTurkish Red Crescent Sends 18Th Goodness Ship With 800 Tons Of Aid To Gaza
Marine Insight
14 November 2025
port-and-ship
India’S Revived Yard Lands $220M Norwegian Chemical Tanker DealSwan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m.
The agreement includes an option for six additional vessels of the same class. The IMO Type II ships will be built at SDHI’s Pipavav facility in Gujarat, India’s largest shipyard by dry dock capacity, which restarted operations last year under new ownership after emerging from bankruptcy.
The tankers will be designed by Norway’s Marinform and classed by DNV. Each Ice Class 1A vessel will feature a hybrid propulsion system with automation for improved manoeuvrability, lower emissions, and operational flexibility. The design also comes with the ability to convert to methanol or LNG fuel and upgrade battery capacity up to 5,000 kWh.
“This partnership marks a defining moment for SDHI and for Indian shipbuilding — our first major export of advanced chemical tankers to Norway,” said SDHI director Vivek Merchant. “The trust placed in us by Rederiet Stenersen reflects global confidence in India’s shipbuilding capabilities.”
Rederiet Stenersen, established in 1974, operates about 20 chemical and product tankers ranging between 13,000 and 19,000 dwt, trading primarily in Northern Europe.
Splash247
port & ship
12 November 20252 min readIndia’S Revived Yard Lands $220M Norwegian Chemical Tanker Deal
Splash247
12 November 2025
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China’S Beibu Gulf Port Welcomes Largest-Ever 200,000-Tonne Container ShipThe Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region has achieved a major milestone with the arrival of its largest-ever container ship, a 200,000-tonne-class vessel that is 399.8 metres long.
The huge ship docked at the fully automated terminal of Qinzhou Port, which serves as the main hub of the Beibu Gulf Port cluster, on Sunday.
According to reports, loading and unloading operations began immediately after the vessel was securely berthed.
Video Credits: CCTV/Facebook
The Beibu Gulf Port consists of three key facilities, the ports of Qinzhou, Beihai, and Fangchenggang, all located along Guangxi’s southern coastline.
Over the past year, Qinzhou Port has been expanding its handling capacity by adding six new open berths to support international shipping operations and accommodate larger vessels.
Between January and September 2025, the port recorded a foreign trade container throughput of 874,000 TEUs, showing a 28.4 percent increase compared with the same period last year.
References: CGTN, Bastillepost
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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.
Marine Insight
port & ship
12 November 20253 min readChina’S Beibu Gulf Port Welcomes Largest-Ever 200,000-Tonne Container Ship
Marine Insight
12 November 2025
port-and-ship
Nigeria, Us, Uk Agencies Investigate $235M Cocaine Seizure At Tincan PortNigeria's anti-narcotics agency is working with its U.S. and British counterparts to investigate the origins of a $235 million cocaine shipment seized at Lagos' Tincan Port, in one of the country's largest drug hauls.
The National Drug Law Enforcement Agency (NDLEA) said in a statement on Tuesday that 1,000 kg of cocaine was discovered in an empty container at a terminal over the weekend. Terminal operators alerted the NDLEA and other port security agencies, which jointly examined the consignment.
The drugs were formally handed over to the NDLEA on Tuesday after tests confirmed the substance was cocaine.
The U.S. Drug Enforcement Administration (DEA) and the UK's National Crime Agency (NCA) joined the investigation at the invitation of the Nigerian government.
"The essence of collaborating with our international partners on this case is to ensure no stone is left unturned... so that ultimately we can get all the masterminds of this huge consignment brought to book, wherever they are located across the globe," NDLEA Chairman Buba Marwa said.
(Reuters)
Marine Link
port & ship
12 November 20251 min readNigeria, Us, Uk Agencies Investigate $235M Cocaine Seizure At Tincan Port
Marine Link
12 November 2025
port-and-ship
Two Oil Tankers With 1.5 Million Barrels Of Russian Oil Idle At Sea Amid SanctionsTwo tankers carrying about 1.5 million barrels of Russian Urals crude have been left idling at sea near the Suez Canal for more than a week.
Tracking data from LSEG and OilX show that the vessels Sikar and Monte 1 were both loaded with crude at Russia’s Baltic port of Primorsk in early October.
The Sikar, which left on 6 October, has been anchored near the Mediterranean entrance of the Suez Canal since 24 October, while the Monte 1, which departed on 7 October, transited through the canal on 30 October and is now anchored in the Red Sea.
The United States and the European Union recently increased sanctions on Russia’s oil industry, targeting its two biggest producers, Rosneft and Lukoil, for the first time. Together, these companies are estimated to account for around 5% of the global oil supply.
The new restrictions are aimed at limiting Russia’s oil income and increasing pressure on Moscow to move toward peace talks over the war in Ukraine.
Following the new measures, Russian crude is being sold in Asia at its biggest discount to Brent in a year. Refiners in India and China, two major buyers of Russian oil, have reportedly cut back on their purchases.
The Sikar has listed Port Said as its destination, while Monte 1 does not have a confirmed port to discharge its cargo. Both ships are sailing under the flag of Gambia.
Glory Shipping HK Ltd manages the Sikar, and Mariam Ship Management Service operates Monte 1. Attempts to reach both ship managers for comment were unsuccessful.
Industry analysts said that the delay shows the growing problems Russia faces in exporting its oil. The tightening sanctions are discouraging buyers and making deliveries more difficult, leaving some tankers stuck at sea with no confirmed buyers.
Reference: Reuters
1. eBooks for Engine Department
Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge.
👉 Explore Engine Department eBooks
2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
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3. eBooks on Electrical Fundamentals & Issues
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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.
Marine Insight
port & ship
09 November 20254 min readTwo Oil Tankers With 1.5 Million Barrels Of Russian Oil Idle At Sea Amid Sanctions
Marine Insight
09 November 2025
port-and-ship
Maersk Signals $2B Investment To Boost India’S Port InfrastructureA.P. Moller-Maersk announced a series of strategic initiatives to strengthen its maritime ties with India during India Maritime Week 2025.
Maersk has unveiled a plan to expand its operational footprint in the country through port infrastructure investments, vessel reflagging, and enhanced local partnerships across the maritime value chain.
At the center of the strategy is a memorandum of understanding (MoU) signed between APM Terminals Pipavav (Gujarat Pipavav Port Limited), part of A.P. Moller – Maersk, and the Gujarat Maritime Board. The deal outlines a proposed expansion with an investment scope of $2bn (approximately ₹17,000 crore).
Subject to a long-term concession agreement with Indian authorities, the expansion will enhance the port’s capacity and capabilities with container and liquid cargo handling infrastructure, while strengthening multimodal connectivity with the Dedicated Freight Corridor and the national hinterland.
“This investment plan is not just about expanding Pipavav Port, it’s about unlocking new opportunities for Gujarat, for India, and for global trade,” said Jon Goldner, chief executive of APM Terminals Asia & Middle East. “Supporting the Hon’ble Prime Minister Shri Modiji’s vision, we are building the capacity, resilience, and sustainability needed to serve India’s economy for decades to come.”
As part of its strategy, Maersk has registered a new legal entity, Maersk Bharat IFSC Pvt. Ltd., at GIFT City IFSCA, Gujarat and flagged two vessels – Maersk Vigo and Maersk Vilnius – under the Indian flag.
The company is also deepening its collaborations with Indian shipyards for vessel repair and maintenance activities. Multiple MoUs have been signed with different yards to explore repair, maintenance, and new-building opportunities, establish capabilities that meet international operational standards, and create opportunities for knowledge transfer and skill development.
Additionally, Maersk said that it is exploring local manufacturing and the procurement of containers from Indian companies, working closely with partners to share technical specifications and quality requirements for procuring seaworthy containers, with the aim of establishing a domestic production roadmap.
“India possesses significant infrastructure capabilities that Maersk wishes to capitalise on,” noted Ahmed Hassan, head of asset strategy at A.P. Moller-Maersk. “By flagging vessels under the Indian flag, manufacturing seaworthy containers in India and engaging local yards for maintenance and repair work, we’re not just expanding our operational flexibility; we’re investing in the development of India’s maritime ecosystem and demonstrating our belief in the country’s technical capabilities.”
Meanwhile, Maersk is partnering with educational institutes and organisations focused on skill development in the maritime sector, providing onboard training opportunities to maritime cadets and ratings.
Shipping Telegraph
port & ship
04 November 20253 min readMaersk Signals $2B Investment To Boost India’S Port Infrastructure
Shipping Telegraph
04 November 2025
port-and-ship
Msc Crosses The 7M Teu MarkThe records continue to tumble for Mediterranean Shipping Co (MSC), the world’s largest container carrier, with the latest data from Alphaliner showing the Geneva-based boxline’s fleet has breached the 7m teu mark.
The Soren Toft-led liner now has a fleet of 7,002,757 teu, with an orderbook on top in excess of 2m teu. Putting MSC’s current fleet in perspective, it is larger than the combined fleet of the Gemini Cooperation – a rival offering on the main east-west trades made up of Maersk and Hapag-Lloyd. Likewise, MSC’s fleet today – not including its orderbook -is larger than the combined fleets of the Premier Alliance members, a grouping of Asian liners, Yang Ming, HMM, and Ocean Network Express (ONE).
Last week, MSC bought the 2007-built, 3,534 teu Newnew Star 2 from Chinese owner Hainan Yangpu Newnew Shipping, with the ship expected to be renamed MSC Rabat IV, according to Alphaliner. This ship – one of around 400 secondhand ones bought by MSC in the 2020s, saw the Gianluigi Aponte-founded line crest the 7m teu mark, a size unlikely to be matched by its peers anytime soon.
MSC has tripled in size over the past decade via a massive newbuild campaign and a historic foray in the secondhand markets. It was at the start of 2022 that MSC became the world’s largest liner by operated container vessel capacity, surpassing Maersk, which had been at the top of the rankings for more than a quarter of a century.
MSC’s expansion has propelled landlocked Switzerland to become one of the top shipowning countries in the world. Online pricing portal VesselsValue released its annual chart of the top 10 shipowning nations by total asset value in January, with Switzerland creeping into ninth spot thanks largely to MSC’s container and cruise fleets.
Splash247
port & ship
04 November 20252 min readMsc Crosses The 7M Teu Mark
Splash247
04 November 2025
port-and-ship
Pakistan Navy To Commission First Chinese-Built Submarine In 2026 Under $6.5 Billion DealPakistan’s navy expects to commission its first Chinese-designed Hangor-class submarine in 2026, under a defence deal worth around US$5 billion (S$6.5 billion) with Beijing.
According to Pakistan’s naval chief Admiral Naveed Ashraf, the project under which Islamabad will acquire eight submarines by 2028 is progressing smoothly. He told Chinese state media that the new fleet would significantly improve the country’s ability to patrol the North Arabian Sea and safeguard its maritime interests.
Under the agreement, the first four diesel-electric submarines are being built in China, while the remaining four will be assembled in Pakistan to help develop local shipbuilding skills.
Pakistan has already launched three of the submarines into China’s Yangtze River from a shipyard in Hubei province. Admiral Ashraf reportedly said that Chinese equipment has been reliable, advanced and suited to the navy’s operational needs.
He added that the Pakistan Navy is focusing on new technologies such as artificial intelligence, unmanned systems and advanced electronic warfare, and is exploring further cooperation with China in these areas.
The update comes after an incident in May when Pakistan’s air force reportedly used Chinese-made J-10 fighter jets to shoot down an Indian Air Force Rafale aircraft made by France. The clash between the two nuclear-armed neighbours surprised many and sparked debate over the performance of Western and Chinese weapons.
According to data from the Stockholm International Peace Research Institute (SIPRI), Pakistan is China’s largest arms customer, accounting for more than 60 per cent of Beijing’s total weapons exports between 2020 and 2024.
China has also invested heavily in Pakistan’s infrastructure under the China-Pakistan Economic Corridor (CPEC), a 3,000-kilometre route connecting China’s Xinjiang region to the deep-water port of Gwadar. The corridor, part of President Xi Jinping’s Belt and Road Initiative, gives Beijing strategic access to the Arabian Sea and a direct link to Middle Eastern energy supplies, bypassing the vulnerable Strait of Malacca.
The initiative also expands China’s influence towards Afghanistan, Iran, and Central Asia, while strengthening its ties with Bangladesh and Myanmar, moves that analysts say increase pressure on India.
India currently operates three indigenously built nuclear-powered submarines and several diesel-electric attack submarines developed or acquired with France, Germany and Russia.
Admiral Ashraf said Pakistan’s partnership with China extends beyond defence equipment, built on trust and shared goals. He added that both countries plan to expand cooperation in shipbuilding, training, technology, and industry in the coming years.
Reference: Reuters
1. eBooks for Engine Department
Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge.
👉 Explore Engine Department eBooks
2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
👉Discover Deck Department eBooks
3. eBooks on Electrical Fundamentals & Issues
Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts.
👉Get Electrical eBooks
4. Pocket Guides for Quick Reference
Compact, handy, and loaded with essential checklists—perfect for on-the-go reference during operations and emergencies at sea.
👉 Browse Pocket Guide eBooks
5. Combo Packs to Save Big
Access multiple expert eBooks at discounted prices. Ideal for professionals seeking complete safety and operational knowledge across various ship departments.
👉 Grab Combo Pack Offers
6. Digital Maritime Courses – Learn at Your Own Pace
Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer.
👉 Join Online Maritime Courses
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.
Marine Insight
port & ship
04 November 20254 min readPakistan Navy To Commission First Chinese-Built Submarine In 2026 Under $6.5 Billion Deal
Marine Insight
04 November 2025
port-and-ship
Maersk Signals $2 Billion Investment In Indian Port InfrastructureFILE PHOTO: Crew members look out from the MV Maersk Mc-Kinney Moller as it berths at a PSA International port terminal in Singapore, September 27, 2013. REUTERS/Edgar Su/File Photo
A.P. Moller – Maersk announced a series of strategic initiatives to expand its operational footprint in India during India Maritime Week 2025, with plans centered on port infrastructure investments, vessel reflagging, and enhanced local partnerships.
APM Terminals Pipavav signed a Memorandum of Understanding with Gujarat Maritime Board outlining a proposed expansion with an investment scope of $2 billion (approximately ?17,000 crore). Subject to a long-term concession agreement with Indian authorities, the expansion will enhance the port’s capacity and capabilities with container and liquid cargo handling infrastructure, while strengthening multimodal connectivity with the Dedicated Freight Corridor and the national hinterland.
“This investment plan is not just about expanding Pipavav Port, it’s about unlocking new opportunities for Gujarat, for India, and for global trade,” said Jon Goldner, Chief Executive of APM Terminals Asia & Middle East. “Supporting the Hon’ble Prime Minister Shri Modiji’s vision, we are building the capacity, resilience, and sustainability needed to serve India’s economy for decades to come.”
Maersk has registered a new legal entity, Maersk Bharat IFSC Pvt. Ltd., at GIFT City IFSCA, Gujarat and flagged two vessels – Maersk Vigo and Maersk Vilnius – under the Indian flag, aligning with the growing importance of domestic tonnage for supply chain resilience.
The company is deepening its collaborations with Indian shipyards for vessel repair and maintenance activities. Multiple MoUs have been signed with different yards to explore repair, maintenance, and new-building opportunities, establish capabilities that meet international operational standards, and create opportunities for knowledge transfer and skill development.
Maersk is also exploring local manufacturing and the procurement of containers from Indian companies, working closely with partners to share technical specifications and quality requirements for procuring seaworthy containers, with the aim of establishing a domestic production roadmap.
“India possesses significant infrastructure capabilities that Maersk wishes to capitalise on,” said Ahmed Hassan, Head of Asset Strategy at A.P. Moller – Maersk. “By flagging vessels under the Indian flag, manufacturing seaworthy containers in India and engaging local yards for maintenance and repair work, we’re not just expanding our operational flexibility; we’re investing in the development of India’s maritime ecosystem and demonstrating our belief in the country’s technical capabilities.”
The initiatives align with India’s Maritime India Vision 2030, which seeks to develop world-class mega ports, transshipment hubs and modernize infrastructure at an estimated investment of 1.25 trillion rupees.
CMA CGM has also committed to India’s maritime sector by signing a letter of intent with Cochin Shipyard Limited to build six dual-fuel LNG containerships in India, marking the first time a major international container shipping company has ordered LNG vessels from an Indian shipyard. The vessels will each have a capacity of 1,700 TEUs and will be registered under the Indian flag, with deliveries scheduled between 2029 and 2031.
Nearly 95% of India’s trade by volume and around 70% by value traverses the nation’s maritime routes. Maritime India Vision 2030, launched in 2021, includes over 150 strategic initiatives to modernize ports, expand shipping capacity, and strengthen inland waterways.
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gCaptain
port & ship
01 November 20253 min readMaersk Signals $2 Billion Investment In Indian Port Infrastructure
gCaptain
01 November 2025
port-and-ship
Cma Cgm, Rsgt Sign Term Sheet For An Envisioned $450M Jeddah Terminal JvMarseille-based container shipping line CMA CGM signed through its fully owned subsidiary CMA Terminals a term sheet with Saudi Arabia’s Red Sea Gateway Terminal (RSGT), the national terminal operator, for a potential joint venture to build and operate Terminal 4 at Jeddah Islamic Port.
The planned Terminal $450m investment will deliver a 2.6 million TEU new infrastructure, advanced handling equipment, and next-generation digital and sustainability capabilities.
The potential sub-concession would be structured under RSGT’s existing long-term concession with Saudi Ports Authority (Mawani) and forms part of RSGT’s option to expand Jeddah Islamic Port’s capacity on the allocated Terminal 4 area, as stipulated in the 2020 concession agreement.
The joint venture will operate as a separate 2.6 million TEU container terminal adjacent to the existing RSGT terminals.
CMA CGM said the new Terminal 4 will be capable of berthing and operating mega containerships with maximum efficiency, and supports the Kingdom’s broader logistics strategy to increase gateway throughput, expand transshipment, and reinforce the Red Sea’s pivotal role along the Europe-Asia-Africa corridor.
Rodolphe Saadé, chairman and chief executive officer of CMA CGM Group, stated: “I am pleased to announce this partnership with RSGT, which represents a new step in the development of Jeddah Islamic Port and supports Saudi Arabia’s Vision 2030.”
He added: “By combining CMA CGM’s global expertise with RSGT’s local strength, we will contribute to making Jeddah a key logistics gateway on the Red Sea. This investment reflects our confidence in the Kingdom’s long-term ambitions and our commitment to supporting its economic transformation.”
Once completed, the project will increase Red Sea Gateway Terminal’s annual handling capacity up to 8.8 million TEUs.
Shipping Telegraph
port & ship
31 October 20252 min readCma Cgm, Rsgt Sign Term Sheet For An Envisioned $450M Jeddah Terminal Jv
Shipping Telegraph
31 October 2025
port-and-ship
Excelerate Energy Seals $450M Deal For Iraq’S First Floating Lng Import TerminalU.S.-based LNG company Excelerate Energy signed a $450m agreement with a subsidiary of Iraq’s ministry of electricity for the development of the country’s first liquefied natural gas (LNG) import terminal at the port of Khor Al Zubair, the company said in its statement.
The deal, signed at the office of the prime minister, establishes a fully integrated floating LNG import terminal in Iraq.
The agreement includes a five-year contract for LNG supply and regasification services with extension options, and a minimum contracted offtake of 250 million standard cubic feet per day (MMscf/d).
Excelerate will construct the floating LNG import terminal, designed for 500 MMscf/d of regasification capacity.
The company will deploy its newest floating storage and regasification unit (FSRU), Hull 3407, and will be responsible for delivering the topside equipment and berth modifications to enable FSRU operations at the jetty.
The FSRU, Hull 3407, is currently under construction by HD Hyundai Heavy Industries in South Korea and is on track for delivery in 2026.
The vessel is designed with a storage capacity of 170,000 cubic meters and a regasification capacity of up to 1 billion standard cubic feet per day.
As part of the integrated arrangement, Excelerate will serve as the LNG supplier to the terminal.
The project is expected to begin commercial operations in 2026, subject to final permitting and construction timelines, and other closing conditions.
“The landmark agreement we reached today with the Ministry of Electricity demonstrates Excelerate’s strong commitment to Iraq’s energy future and regional stability,” said Steven Kobos, president and chief executive officer of Excelerate Energy. “By combining terminal development, LNG supply, and operational expertise, we are helping Iraq secure reliable energy, diversify its fuel mix, and strengthen its long-term energy security.”
Shipping Telegraph
port & ship
31 October 20252 min readExcelerate Energy Seals $450M Deal For Iraq’S First Floating Lng Import Terminal
Shipping Telegraph
31 October 2025
port-and-ship
Apm Terminals Eyes $2 Billion Investment In Indian PortOctober 30, 2025
Danish shipping company Maersk said on Thursday its APM Terminals unit may invest around $2 billion in the Pipavav Port in western India.
Maersk said in a statement it had signed a memorandum of understanding with the Gujarat Maritime Board on increasing capacity at the port.
"Subject to a long-term concession agreement with Indian authorities, the expansion will significantly enhance the port's capacity and capabilities," it said.
Maersk said it had also signed memorandums of understanding with several shipyards on exploring deeper cooperation.
"India possesses significant infrastructure capabilities that Maersk wishes to capitalise on," it said.
(Reuters)
Maritime Logistics Professional
port & ship
31 October 20251 min readApm Terminals Eyes $2 Billion Investment In Indian Port
Maritime Logistics Professional
31 October 2025
port-and-ship