Shipping - Page 2

ONGC will subscribe to 200,000 equity shares of ₹100 each in both joint ventures, resulting in a 50 per cent stake in each company.

Both schemes are set to remain valid until March 31, 2036, with an in-principle extension planned through 2047.

The vessel is scheduled for delivery to the new owners during the fourth quarter of FY26.

APSEZ preferentially allotted 14,38,20,153 equity shares (₹2 face value each) to the seller, Carmichael Rail and Port Singapore Holdings.

The approval is set for a 10-year duration, commencing from the Assessment Year (A.Y.) 2026-27.

The US$475 million contract was the subject of a legal conflict that began in October 2025.

Central Railway's Mumbai division awarded the contract via a Letter of Acceptance (LoA) to build the terminal entirely on railway land.

The Red-Sea China service offers shippers optimised, reliable, and streamlined network coverage for cargo in these high-traffic lanes.

Exporters face tighter space as capacity cuts, reefers and longer routes offset weak demand on the Europe trade.

The 80,324 dwt capacity vessel is scheduled for delivery in Q4 2026.

The new ships will be equipped with state-of-the-art dual-fuel methanol engines.

New Mina Rashid–Umm Qasr service cuts transit time and costs for accompanied trailers