Hapag-Lloyd has increased its ownership stake in JM Baxi Ports and Logistics from 35% to 50%, as confirmed in the shipping group's 2025 annual report. The German container shipping company originally acquired its initial stake from Bain Capital in early 2023 and has now moved toward majority control of the Indian ports and logistics operator. This represents continued strategic consolidation in port operations by a major global shipping line.
Splash 247·DE · IN · US·about 3 hours ago
A House select committee on US-China competition has released recommendations urging the Trump administration to impose sanctions on port operators and financial networks facilitating China's imports of sanctioned Russian and Iranian oil. The move reflects ongoing tension between enforcing secondary sanctions and managing global oil prices amid the US-Israeli conflict with Iran.
South China Morning Post·US · CN · RU·about 3 hours ago
Eco Wave Power has concluded its wave energy pilot program at the Port of Los Angeles, marking a milestone in commercial wave energy deployment. The pilot's results and any operational or technical findings are not detailed in this brief report. Significance depends on pilot performance data and implications for future wave energy commercialization.
Offshore Energy·US·about 3 hours ago
Three major maritime partners—Port of New Orleans, Ports America, and Mediterranean Shipping Co's Terminal Investment Limited—have established a joint venture (Louisiana International Terminal Holdings) to develop and operate a new container facility in St Bernard Parish. The move reflects strategic positioning to enhance Louisiana's competitive capacity in containerized cargo handling and international commerce infrastructure.
Splash 247·US·about 3 hours ago
DefenseDevelopingFeatured
Reports indicate Israel conducted air strikes against Bandar Anzali, an Iranian naval facility on the Caspian Sea, allegedly targeting a corridor used for Russian weapons transfers to Iran and onward to regional actors. The strikes suggest the previously secure Russia-Iran logistics route—historically used for drone transfers to Ukraine—is now bidirectional and vulnerable to Israeli interdiction. This escalation indicates expanding Israeli operations against Iranian supply chains and potential widening of regional conflict.
OilPrice.com·IR · IL · RU·about 5 hours ago