Amid Chinese fishing in Indian waters, Mazagon Dock buys controlling stake in Colombo Shipyard

Mazagon Dock Shipbuilders Limited is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC) for $52.96 million, making MDL the majority shareholder. This strategic move will expand MDL’s production capacity and establish it as a key player in South Asia.

At Adani Enterprises’ AGM, Gautam Adani highlighted global instability, noting ongoing Middle East conflicts, declining economic confidence in Europe, and challenges in the U.S. In contrast, he emphasised India’s strong economic growth.

Yara India anticipates revenue growth of 8-9% annually for the next three years across all business segments, reporting revenues of Rs 5,342.14 crore for April 2024-March 2025. The company’s Sustainability Report 2024 highlights initiatives reaching over 6,50,000 farmers and reducing emissions, while also focusing on empowering women and supporting MSMEs. Yara India aims for sustainable […]

Kandla Port is working to improve edible oil supply. Chairman Sushil Kumar Singh met with the IVPA to discuss vessel congestion. He promised faster container discharge. New pipelines are being installed. The port is preparing additional berths. They aim to reduce delays and improve vessel turnaround. Kandla Port seeks collaboration from all stakeholders for efficient […]

The Vadhvan Port Project, set to be India’s largest port, plans to raise up to ₹300 billion ($3.5 billion) in long-term debt, offering lenders a chance to invest in a key part of Prime Minister Modi’s infrastructure vision. Owned mainly by Jawaharlal Nehru Port Authority and Maharashtra Maritime Board, the $9 billion port aims to […]

Following an Iranian missile strike that damaged the Bazan oil refinery and heightened regional tensions, Adani Group’s Haifa Port investment faces increased scrutiny. Despite denials of damage, the port’s strategic importance to Israel and India’s IMEC corridor plans underscores the risks of operating in a conflict zone.

Garden Reach Shipbuilders & Engineers (GRSE) Ltd has secured a contract to build two Coastal Research Vessels for the Geological Survey of India, adding to their portfolio of research platforms. GRSE is already constructing an Ocean Research Vessel and an Acoustic Research Ship. The 64-meter CRVs will support offshore geological mapping, mineral exploration, and ocean […]

Syama Prasad Mookerjee Port, Kolkata, experienced a significant surge in cargo handling during April-May 2025, marking a 27.56% year-on-year increase despite global geopolitical challenges. The port managed 11.252 MMT of cargo, with both Haldia Dock Complex and Kolkata Dock System contributing substantially to this growth. Increased volumes were seen across various cargo segments, including petroleum […]

Despite Iranian ballistic missile attacks targeting Haifa port and a nearby oil refinery in Israel, the Adani Group-operated Haifa port remained unscathed, with cargo operations proceeding normally. While some projectiles impacted the oil refinery and shrapnel fell near the port, there were no reported injuries or disruptions to Adani’s operations. Haifa port handles a significant […]

A fire-stricken Singapore-flagged cargo ship, MV Wan Hai 503, has been towed further into the sea, now 40 nautical miles from the Kerala coast, as firefighting efforts continue. The towing operation, initiated with helicopter support, faces challenges due to heavy weather, restricting speed. Several ships are escorting the towing vessels while the search continues for […]