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Cabo Verde World Cup Hero Vozinha Honoured With Newly Discovered Sea Slug Named After Him
The tiny red mollusc, discovered in the Caribbean by biologist Jesus Ortea, has been officially named Aldisa Vozinha. Ortea has also honoured Spanish football by naming another tiny marine species after former Sporting de Gijn striker Quini, inspired by the creature's colours matching those of the club.
DP World's marine services business acquires container vessel to boost coastal shipping capabilities
DP World's Shipping Solutions acquired the container vessel DP World Indus. This acquisition strengthens its coastal shipping capabilities within the domestic Indian market. The vessel supports cargo movement, reducing road network pressure and promoting sustainable supply chains. DP World's network now spans fourteen ports with a dedicated fleet of ten vessels. This investment aligns with DP World's strategy to enhance India's logistics and maritime infrastructure.
A Korean firm loses a Canada submarine deal to German counterpart; Stock falls 23%
Canada's Prime Minister Mark Carney on Monday had announced that Germany's Thyssenkrupp Marine Systems is the preferred supplier to build around 12 submarines for the country.
ACME Green Molecules, Mitsubishi Gas Chemical sign $1 billion green methanol supply deal
India's first global green marine fuel pact sees ACME Green Molecules partnering with Japan's MGC to supply 100,000 tonnes of green methanol annually, valued at $1 billion. This significant deal aims to bolster the shipping industry's shift to low-carbon alternatives, meeting stringent international environmental standards. The renewable fuel, produced in Odisha, will support the global transition to sustainable energy markets.
German engine maker Everllence SE in talks for Indian manufacturing of two-stroke engines for ships
German marine engine giant Everllence SE is eyeing India for local manufacturing of its two-stroke engines for large commercial ships through licensing agreements. The company is also exploring setting up its own production facility for its high-speed, four-stroke 175D engine. Everllence, the world's largest ship engine maker, seeks Indian partners to expand its global licensing model for two-stroke technology, a crucial component for fuel-efficient, powerful vessels.
CBIC rolls out green channel to speed emergency imports during oil spill crises
In a significant move to bolster environmental protection, the Central Board of Indirect Taxes and Customs has launched a dedicated 'green channel' for swift customs clearance during oil and hazardous spill emergencies. This initiative, driven by a Coast Guard request, aims to expedite the movement of crucial response equipment, thereby enhancing India's preparedness for marine pollution incidents and fulfilling international maritime commitments.
Cummins India bets on local demand as Middle East conflict clouds exports
Cummins India anticipates robust domestic demand to fuel its fiscal 2027 growth, despite ongoing Middle East geopolitical tensions impacting exports. Managing Director Shveta Arya highlighted that while exports, representing 17% of revenue, are expected to remain subdued, strong performance in India's infrastructure sector, including data centers and marine applications, will drive double-digit revenue increases.
Marine Electricals climbs after securing contracts worth Rs 75-cr from Data Centre firms
Marin Electricals rallied 3.46% to Rs 279.25 after the company has secured two orders aggregating to Rs 75.19 crore, excluding taxes.
Market trading guide: Cipla among 2 stock recommendations for Tuesday
Cipla and Knowledge Marine feature among analysts' top stock picks for Tuesday, backed by bullish technical breakouts, improving momentum indicators and strong chart structures that signal further upside potential.
KMEW gains after consortium bags Rs 66-cr IWAI contract
Knowledge Marine & Engineering Works (KMEW) jumped 7.70% to Rs 2,234.85 after its consortium bagged a Rs 66.11 crore contract from the Inland Waterways Authority of India (IWAI) for 10 hybrid electric passenger ferries.
Garden Reach Shipbuilders gets Navratna tag from government
GRSE is expanding capacity through brownfield and greenfield projects. The company has built more than 800 marine platforms and delivered 118 warships to the Indian Navy, Coast Guard and friendly foreign countries.
Knowledge Marine block deal: SBI Funds Management buys 1.64% stake as promoters exit
Bulk and block deals on June 19 saw SBI Funds Management acquire a 1.64% stake in Knowledge Marine & Engineering Works, alongside transactions in Altius Telecom Infrastructure Trust, Gokaldas Exports and Allcargo amid a volatile market session.