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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.
Retail health premium growth rises to 31% YoY in April 2026, anchoring non-life insurance sector: Kotak Institutional Securities
Indian non-life insurance saw robust growth in April 2026. Retail health premiums surged 31 percent year-on-year. Motor insurance also performed well. Private players and standalone health insurers are gaining market share from public sector companies. Commercial lines faced challenges, though marine and engineering segments showed resilience. This indicates a dynamic shift in the insurance landscape.
HyFun Foods ties up with Adani Logistics, Evergreen Marine Corp for eco-friendly export corridor
HyFun Foods has launched a new export initiative with Adani Logistics and Evergreen Marine Corporation. This partnership introduces a dedicated rail service for frozen potato products. The move aims to reduce carbon emissions and road congestion. This integrated logistics corridor will enhance HyFun Foods' global export capabilities. The company plans to expand its reach to over 100 countries.
Adani Ports bets Rs 13,000 crore by FY31 for Europe subsea expansion
Adani Ports is expanding its marine services into Europe. Its platform Astro Offshore has partnered with Oceaneering International. This move targets specialized subsea and offshore services. The company plans significant capital expenditure to build a large global marine fleet. This expansion aims to create a major integrated marine platform.
On a War-footing: Reinsurers move to rework marine, aviation policies as West Asia tensions rise
Global reinsurers are reviewing war risk insurance for ships and planes due to rising tensions in West Asia. The Strait of Hormuz is now seen as a high-risk combat zone. Premiums for war risk are expected to increase significantly. Some hull policies have already been cancelled or repriced. Cargo policies are still under review.
Stocks to Watch Today: Craftsman Automation, JSW Infra, Bharat Electronics, Apar Industries, Hindustan Zinc, Horizon Reclaim in focus on 23 June
Stocks to Watch, 22 Jun: Stocks like Craftsman Automation, JSW Infrastructure, Vodafone Idea, Bharat Electronics, Apar Industries, Hindustan Zinc, Info Edge India, Lemon Tree Hotels, Yash Highvoltage, and Knowledge Marine & Engineering Works will be in focus on June 22.