Shipping group CMA CGM and Adani Ports and Special Economic Zone (APSEZ) have signed a joint venture to operate a new container terminal (CT4) at Mundra Port, India, for the next 15 years. 

Singapore Exchange (SGX) and Tullett Prebon have successfully launched a liquefied natural gas (LNG) spot index for Dubai, Kuwait and India (DKI). 

Shreyas Shipping and Logistics has approved plans for its subsidiary Shreyas Relay Systems to acquire 99.9% of Balaji Shipping Lines from Transworld Holding (TWH). 

Logistics giant Bahri has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry. 

Indian Register of Shipping (IRClass) has received authorisation as a recognised organisation from Iran’s maritime administration – Ports and Maritime Organisation.

India’s Adani Bunkering has launched physical bunker supply operations at the ports of Hazira and Dahej in Gujarat state, reports said.

Qatar Navigation (Milaha) has signed an agreement with the Kandla International Container Terminal (KICT) in India, to start the first direct common carrier feeder service between Saudi Arabia and India.

International Enterprise (IE) Singapore has signed a memorandum of understanding (MOU) with India’s Gujarat Industrial Development Corporation (GIDC) and Gujarat Maritime Board (GMB) to collaborate on manufacturing, logistics services and port technologies.

Terminal operator DP World is looking to invest up to $1bn in India in the coming years with a focus on developing infrastructure around existing ports, according to the group’s chairman, Sultan Ahmed Bin Sulayem.

China’s Unipec remained by far the largest spot charterer of crude tankers in 2016 according brokers Poten.

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