Topic
infrastructure
Commodities L&T and Hitachi Energy consortium secures North Sea offshore wind transmission programme
Larsen & Toubro (L&T), in consortium with Hitachi Energy, has secured a framework cooperation agreement with TenneT for a 2GW offshore wind transmission programme. The deal covers six projects, including two ongoing and two new ones in the Netherlands and Germany, with cumulative capacity of 8GW at 525 kV. L&T will handle offshore converter platforms, while Hitachi Energy provides HVDC Light technology.
Commodities Australia considers first new oil refinery in over 60 years to boost energy security
Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese announced, with A$4 million funding for a feasibility study by Perdaman. The move aims to reduce reliance on fuel imports, which cover 80% of domestic needs, amid Middle East war supply disruptions.
Logistics Georgia Builds 41 Miles of Toll-Free Truck-Only Lanes on I-75; GDOT Expects High Usage
The Georgia Department of Transportation (GDOT) released a construction timeline for a 41-mile, toll-free truck-only lane project on northbound I-75. Construction begins in 2027 with completion by the end of 2032, at an estimated cost of $3.5 billion. The project targets the tenth-worst truck bottleneck in the U.S. at McDonough, Georgia, where truck traffic accounts for nearly 30% of average daily volume.
Water Supply Breakdown at Gatwick Airport Disrupts Both Terminals and Services
A water supply problem at Gatwick Airport is affecting both terminals, with toilets out of order and restaurants closed. The airport has implemented contingency measures, including distributing bottled water. SES Water is investigating the issue, which stems from a power outage at its Bough Beech Water Treatment Works.
Commodities Massachusetts Pilot Tests Electric Vehicles as Grid Batteries for Demand Response
A coalition of utilities and technology companies including Eversource, National Grid, EnergyHub, Sunrun, and the Mobility House has launched a pilot program in Massachusetts that allows electric vehicle owners to send energy back to the grid during peak demand events. The vehicle-to-grid (V2G) technology aims to improve grid reliability, integrate renewable energy, and create a new revenue stream for drivers. Lessons from the pilot could pave the way for widespread adoption, making electricity cheaper for all.
Logistics Cabinet Approves Rs 1,264-Crore Ballari-Guntakal Rail Project to Boost Freight and Passenger Connectivity
The Union cabinet approved a Rs 1,264-crore multi-tracking project on the Ballari-Guntakal rail section to add a third and fourth line, aiming to ease congestion, increase freight capacity by 16.22 million tonnes per annum, and improve connectivity across Karnataka and Andhra Pradesh. The project, part of the PM Gati Shakti plan, is expected to be completed by 2028-29.
Commodities Cabinet Approves ₹3,030 Crore BHAVYA-Rasayan Scheme for Three Chemical Parks in India
The Indian Cabinet, chaired by Prime Minister Narendra Modi, has approved the BHAVYA-Rasayan Scheme with an outlay of ₹3,030 crore to establish three dedicated chemical parks. The scheme aims to promote the chemical industry along value chains, efficient resource utilisation, and lower logistics costs, with grants of up to ₹1,000 crore per park subject to state contributions.
Logistics Gulf nations invest billions in pipelines to bypass Strait of Hormuz amid rising risks
Gulf nations are accelerating multi-billion-dollar pipeline projects to create alternative oil export routes bypassing the Strait of Hormuz, which has faced repeated disruptions. Seven major pipelines are under construction or planned, including UAE's $3 billion Fujairah pipeline and Iraq's proposed Basra-to-Ceyhan line. Existing routes from Saudi Arabia and UAE are already operating near capacity. The shift will reduce dependence on the narrow strait but introduces new risks, such as Houthi blockades in the Red Sea.
Logistics Ports and Pipelines Reshape Middle East Trade Beyond the Strait of Hormuz
DP World has confirmed plans for two new terminals on the UAE's east coast, outside the Strait of Hormuz, adding a combined 2.5 million TEU of container capacity and 5.3 million tonnes of general cargo. Rival Gulftainer is expanding Khorfakkan terminal. Meanwhile, pipeline projects accelerate to bypass Hormuz for crude oil, though refined products remain exposed.
Logistics Dalian Launches New Deepsea Shipping Platform to Retain Local Cargo Value
A new ocean-going shipping company, Dalian Ocean Shipping Co, has been formally inaugurated in Dalian to retain local cargo value and build control over international transport capacity. With registered capital of RMB120m ($16.7m) and commitments for 1.5m tonnes of petroleum coke and 500,000 dwt vessel capacity, the company plans to enter deepsea cargo transportation and expand into ship management, freight forwarding, and supply chain services.
Logistics DP World signs 50-year concession for two Fujairah terminals, adding 2.5m TEU capacity
DP World has signed a 50-year concession with Fujairah Ports Authority to develop two new terminals on the UAE's east coast. The Al Rugaylat container terminal will add 2.5m TEU capacity, while the Dibba general cargo terminal will add 3.6m tonnes of capacity. The deal lifts DP World's total UAE container capacity to nearly 22m TEU.
Logistics Shanghai advances terminal projects after 6.2% box growth to 28.74m TEU in first half
Shanghai International Port Group (SIPG) is accelerating two major container terminal projects after first-half throughput rose 6.2% to an estimated 28.74m TEU. Piling work at the Xiaoyangshan North terminal finished 66 days ahead of schedule, while Phase 2 of the Luojing conversion progresses. A single-day record of 187,312 TEU was set on June 9.
Logistics Bangladesh Advances $1 Billion Shipbuilding and Repair Hub at Matarbari Deepsea Port
Bangladesh has granted in-principle approval for a $1 billion privately financed shipbuilding and repair complex at the emerging Matarbari deepsea port. The project, backed by Australia-based AIS Marine Investments and China Harbour Engineering Company, aims to reduce the need for large vessels to dock in Singapore, UAE, or China. The facility will include a 600m by 95m drydock and is expected to create up to 3,900 jobs.
Finance Monetisation of Assets Enables NHAI to Prepay Over Rs 1.5 Lakh Crore Debt Since March 2022
National Highways Authority of India (NHAI) has reduced its debt from an all-time high of Rs 3.5 lakh crore in 2021-22 to just under Rs 2 lakh crore, achieved through accelerated asset monetisation. Since March 2022, NHAI prepaid loans of over Rs 1.2 lakh crore and repaid another Rs 31,300 crore, while record monetisation of Rs 41,079 crore in FY24 and continued InvIT/TOT models support the strategy.
Commodities Nigeria-Morocco Atlantic Gas Pipeline: $25bn Mega Plan Gets Final Approval from 14 African Nations
West African leaders have formally endorsed the $25bn Nigeria-Morocco Atlantic Gas Pipeline, which will run 6,000km along the Atlantic coast of 14 nations, carrying 30 billion cubic metres of gas per year to Europe via Spain. Construction is expected to start in 2028. The project aims to stimulate regional industrial growth and boost Africa's global energy influence.
Logistics India's Bullet Train Project: Indigenous Trains, Interoperable Signalling Set for 2027 Launch
India and Japan jointly progress the Mumbai-Ahmedabad high-speed rail project, with indigenous bullet trains manufactured by BEML. Trials are set for mid-2027, and commercial services aim to start in August 2027 on the Surat-Vapi stretch. The trainsets, with a design speed of 280 kmph, are being built at BEML's 'Aditya' complex in Bengaluru.
Logistics DEME Wins €150M-€300M Foundation Role on 1GW Zeevonk Offshore Wind Project in Netherlands
Belgian marine contractor DEME has been awarded a substantial contract for the Zeevonk offshore wind project in the Netherlands, covering transport and installation of 69 monopile foundations. The contract, valued between €150 million and €300 million, involves marshalling services, scour protection, and use of specialized vessels including the Orion. Offshore construction is scheduled to start in 2028, subject to final investment decision.
Logistics Collision at UK Port of Tyne Topples Crane onto Containership, Injures One
A collision at the Port of Tyne in northeast England on Sunday July 20 resulted in a gantry crane toppling onto a containership, leaving one person injured. The incident involved Cadeler's Wind Orca striking the moored feeder vessel BG Orange. Emergency services responded, and the Port of Tyne has launched a full investigation.
Logistics India's First Undersea Rail Tunnel Advances with Giant TBM Launch under Thane Creek
The Mumbai–Ahmedabad Bullet Train Project reached a milestone with the launch of a second Tunnel Boring Machine (TBM) to excavate India's first undersea rail tunnel under Thane Creek. The 7-km undersea stretch is part of a 21-km underground tunnel, with the new TBM starting from Sawli (Ghansoli) towards Vikhroli. The project promises faster connectivity and reduced surface disruption in the Mumbai suburban section.
Commodities US firms sign $60 billion Iraq deals to expand oil exports beyond Strait of Hormuz
US companies signed roughly $60 billion in agreements with the Iraqi government on Friday, including deals to develop alternative oil export routes beyond the Strait of Hormuz. The agreements come amid the US-Iran war that has disrupted Hormuz shipments and caused oil price volatility. Chevron signed three agreements focused on boosting production and building a new pipeline. Goldman Sachs estimated pipelines could carry 60% of current Hormuz oil by 2028.
Commodities India overtakes Spain to become world's fourth-largest LNG regasification market with 52.5 mtpa capacity
India's LNG regasification capacity reached 52.5 million tonnes per annum (mtpa) in 2025, making it the fourth-largest market globally after Japan, China, and South Korea, according to the International Gas Union (IGU) World LNG 2026 report. Utilisation declined to 47% due to weaker summer imports and new capacity additions. The report also highlights the resilience of the global LNG market amid Middle East conflict and strong long-term demand drivers.
Logistics UK Appoints Marine Management Organisation as Lead Regulator for £175m Port of Tyne Clean Energy Park
The UK government has appointed the Marine Management Organisation (MMO) as the lead environmental regulator for the Port of Tyne's £175m Clean Energy Park. This move is designed to coordinate planning, licensing, and environmental approvals for the 230-acre development, which will support offshore wind manufacturing, assembly, storage, and logistics. The project could create 12,000 jobs and generate £5.6bn in economic activity, with the port expanding beyond its traditional bulk, automotive, and ferry operations.
Manufacturing India Cabinet Approves Seven Major Decisions: Semicon 2.0, Mobile Manufacturing, Urea Plants, and Rail Projects
The Union Cabinet has approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore. Key projects include a 46-km link corridor in Varanasi, doubling of Paradeep-Haridaspur railway line, and a fourth line between Dangoaposi and Rajkharsawan.
Logistics Two Varanasi Highway Projects Worth Rs 25,446 Crore Approved to Boost Logistics and Connectivity
The Cabinet Committee on Economic Affairs approved two highway projects in Varanasi totaling Rs 25,446 crore. The Varuna Expressway and Ganga riverbank corridor will significantly cut travel times, decongest the city, and improve multimodal connectivity to key logistics hubs including Ramnagar Port and Lal Bahadur Shastri International Airport.
Technology New York Governor Signs First Statewide Data Center Moratorium, Halting Hyperscale Development for One Year
New York Governor Kathy Hochul signed an executive order enacting a one-year moratorium on hyperscale data centers over 50 megawatts, the first statewide pause in the US. The order directs the Department of Public Service to evaluate environmental and energy impacts and proposes ending tax incentives. The move follows growing opposition and a legislative bill with stricter limits.
Logistics Federal Grants Set $62 Million for Truck Parking in Kentucky, Wyoming, Louisiana, Mississippi, Illinois
The U.S. Department of Transportation released $1.73 billion in BUILD grants for 127 projects across 52 states, including $62 million dedicated to truck parking in five states. The funding also supports port, rail, and highway infrastructure improvements.
Logistics Gordie Howe International Bridge Set to Open July 27, Boosting Cross-Border Freight
The $4.7 billion Gordie Howe International Bridge will open July 27 after Canada and the U.S. resolved a toll dispute. The six-lane crossing bypasses congestion at the Ambassador Bridge, improving freight movement on the busiest U.S.-Canada land border.
Logistics Jiangnan Shipyard Reveals Nuclear Floating Port Concept That Could Reshape Global Trade
Chinese shipbuilder Jiangnan Shipyard has unveiled a radical concept for a nuclear-powered floating logistics hub that would act as a container terminal, power station, and green-fuel factory far offshore, potentially reshaping global trade and port operations.
Logistics Namo Bharat RRTS: 160 kmph Semi-High Speed Trains Reshaping Commutes Across Delhi-NCR
The Regional Rapid Transit System (RRTS), operated by NCRTC, is connecting Delhi to satellite cities like Meerut at speeds up to 160 kmph. The 80 km Delhi-Meerut corridor now carries about 1 lakh passengers daily, with cumulative ridership crossing 3.5 crore. Multimodal integration with metro, buses, and railway stations is driving a demographic shift as professionals and students relocate from Delhi while retaining capital-based employment.
Logistics Savannah opens Brampton Road Connector, final piece in $126M port truck traffic project
The Port of Savannah has completed the Brampton Road Connector, the final piece of a multi-project effort to improve truck access and reduce congestion. The four-lane highway links gate 3 at the Garden City terminal directly to Interstate 516, eliminating the need for trucks to use local roads with railroad crossings and multiple turns. The project is part of a series that also includes the Jimmy Deloach Parkway, I-16/I-95 interchange rebuild, Highway 307 overpass, and Grange Road upgrade.
Logistics DOT grants $25 million to transform Indiana's Jeffersonville port with major expansion
The U.S. Department of Transportation awarded a $25 million BUILD grant to Ports of Indiana to support a $32 million expansion of the Jeffersonville port. The project will more than double the general cargo footprint, increase lift capacity from 35 to 300 tons, and add new crane, dock, and warehouse infrastructure. Completion is expected in 2028.
Technology Data Centers Are Quietly Taking Over Texas. The Pollution Could Be Catastrophic
A WIRED investigation reveals that AI data centers in Texas, including OpenAI's Stargate project, are exploiting a regulatory loophole to build gas-powered plants with minimal public notice. This risks catastrophic pollution and threatens communities like Abilene.
Logistics Union Pacific and Norfolk Southern CEOs Discuss Merger That Could Reshape U.S. Economy
During a July 4th celebration in Philadelphia, Union Pacific CEO Jim Vena and Norfolk Southern CEO Mark George discussed their pending rail merger, regulatory evaluation expectations, and a procedural wish regarding the Surface Transportation Board. The merger could reshape the U.S. economy.
Logistics Texas port fuels automotive expansion with Mitsubishi deal and major infrastructure upgrades
Port Freeport has been selected by Mitsubishi Motors North America as a key addition to its U.S. distribution network, with operations starting in April 2026. The port handled 198,475 vehicles in fiscal 2025 and is investing $11 million to modernize its Velasco Terminal, reinforcing its role as a growing automotive gateway on the Texas Gulf Coast.
Business Adani Group AGM: Gautam Adani Unveils 10 GW Nuclear Plan, Record Infrastructure Spend
At the Adani Group AGM, chairman Gautam Adani announced plans to develop 10 GW of nuclear power capacity by 2035 via Adani Atomic Energy. He highlighted a record Rs 1.5 lakh crore infrastructure spend in FY26 and expansion across power, transmission, and low-carbon energy. The group aims to increase power generation capacity to 45 GW in five years.
Business From Amazon, ABB to Google, AirTrunk & More: Global Giants Commit Billions of Dollars to India
Global companies including Amazon, AirTrunk, ABB, CPP Investments, and Saint-Gobain have announced cumulative investments worth tens of billions of dollars in India, focusing on AI, cloud infrastructure, data centers, and manufacturing. The commitments underscore India's growing importance as a long-term growth market despite global economic uncertainties.
Business Embassy to invest ₹1,500 crore in 3 million sq ft office space in Bengaluru: MD Aditya Virwani
Embassy Developments, part of Embassy Group, will invest ₹1,500 crore to build a 3 million sq ft office complex in Bengaluru. The first phase of a 35-acre, 6 million sq ft project has started. The company also posted a net loss of ₹872.47 crore in FY2025-26 but aims for ₹8,000 crore residential sales in the current fiscal.
Trade Europe risks sleepwalking into Chinese-built electric corridors, Splash247 warns
As battery-electric shortsea ships move to commercial deployment, Europe faces a strategic risk of outsourcing key infrastructure—yards, batteries, software, and standards—to China. Norway's Eitzen Group ordered two electric 900 TEU container ships from Zhejiang Dongpeng in June 2026, illustrating the trend. The article by Wolfgang Lehmacher argues that Europe's piecemeal policy approach contrasts with China's integrated industrial strategy, potentially locking European trades into a Chinese-built corridor operating system.
Business PM Modi Unveils New Jodhpur Airport Terminal, Announces Rs 28,840 Crore Modified UDAN Scheme to Boost Regional Aviation
Prime Minister Narendra Modi shared images of the new Jodhpur airport terminal, set for inauguration on July 4. The terminal, built at a cost of Rs 400-480 crore, can handle 2 million passengers annually. Modi also launched the Modified UDAN scheme from Jodhpur, allocating Rs 28,840 crore over the next decade to develop 100 aerodromes and enhance regional connectivity. The infrastructure push includes new metro, highway, and refinery projects in Rajasthan.
Business Nearly 500 Indian Cities Set to Become Next Economic Hubs: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced that nearly 500 cities in India are poised to become the country's next economic hubs, citing a rapidly expanding middle class that now represents 31% of the population and drives 93% of consumer spending. Speaking at a French economic forum, she highlighted the middle class's annual growth rate of 6.3% since economic liberalization and noted that India will surpass China in middle-class population size between 2030 and 2035, according to an OECD study.
Logistics Flatbed Freight Poised for Surge as AI Data Centers and Military Spending Boost Demand
According to FreightWaves, the flatbed freight market may have seen a recent cool-off, but massive investments in AI data centers and a record-breaking defense bill are set to fuel unprecedented demand. Flatbed trucking will be essential for moving concrete for new facilities and munitions for global defense, putting capacity and rates under pressure.
Logistics Defense Spending Surge to $1.5 Trillion Signals Major Freight Demand for Flatbed Carriers
The US defense budget is set to reach $1.5 trillion, a 50% increase with 80% allocated to weapons procurement, signaling significant new demand for flatbed freight transportation. According to FreightWaves, carriers and shippers should prepare for a surge in defense-related freight movement, while flatbed tender rejections are normalizing amid construction season activity.
UP Data Center Policy 2026 Sends Strong Signal to Market, Experts Say, Focusing on AI, GPU, and Sustainability
The Uttar Pradesh cabinet approved the Data Center Policy-2026, aiming to develop the state as a green and AI-ready data center hub with an additional 2 GW capacity. Experts highlight the policy's focus on GPU infrastructure, sustainability, and regional incentives for Bundelkhand and Purvanchal, targeting over ₹2 lakh crore investment and 50,000 indirect jobs.
Finance Power and Infrastructure Drive 17% Credit Growth to Indian Industry in FY27
Gross bank credit to industry in India grew 17% in the first two months of FY27, led by the power sector. Power exposure rose Rs 15,399.9 crore. Infrastructure credit increased 1% overall, with telecom declining sharply. Private banks have doubled power lending, according to Macquarie.
Logistics Railway Minister Vaishnaw Launches New Train Services but Details Are Unavailable in Source
A Times of India article reported that Railway Minister Ashwini Vaishnaw launched new train services, but the published text contains no specifics on routes, extensions, or other operational details. The article instead describes the TOI Business Desk and lists financial calculators. No actionable intelligence for freight or logistics readers can be derived from the provided source.
Commodities Centre Approves ₹3,400 Crore Expansion of IndianOil's Ennore LNG Terminal to 10 MTPA
The Union Ministry of Environment, Forest and Climate Change (MoEFCC) has granted environmental clearance for the ₹3,400-crore expansion of IndianOil LNG Pvt Ltd's Ennore LNG terminal in North Chennai, doubling regasification capacity from 5 MTPA to 10 MTPA. The expansion, driven by rising natural gas demand in the region, will increase regasification capacity from 20 MMSCMD to 40 MMSCMD, supplying RLNG to industries across Tamil Nadu, Andhra Pradesh and Karnataka. Completion is expected in 54 months and supports India's goal of raising natural gas's share in the energy mix to 15% by 2030.
Commodities Beyond Hormuz: What HPCL Rajasthan Refinery Limited Inaugurated by PM Modi Means for India's Energy Security
Prime Minister Narendra Modi inaugurated the HPCL Rajasthan Refinery Limited (HRRL) in Pachpadra, India's first greenfield integrated refinery-cum-petrochemical complex. The project, part of a Rs 1.06 lakh crore infrastructure push, aims to reduce India's vulnerability to supply disruptions highlighted by the recent Strait of Hormuz crisis. Union Minister Hardeep Singh Puri noted India's refining capacity will rise from 270 MMTPA to 310-320 MMTPA by 2030, contrasting with declining capacity in the US and Europe.
Logistics Mumbai-Ahmedabad Bullet Train: India to Get Its First High-Speed Rail Service by 2027
India aims to launch its first high-speed rail service on the Mumbai-Ahmedabad corridor by 2027, according to a Times of India report. The article also details travel times for several other proposed high-speed routes, including Delhi-Varanasi (3h50m), Chennai-Bengaluru (1h13m), and Mumbai-Pune (48 minutes).
Logistics PSA to invest in new deepsea container hub in northern Vietnam
PSA Vietnam has signed an agreement to invest in four deepsea container berths at Lach Huyen Port in Haiphong, with a total capacity of 4.5 million TEU. The first two berths are expected to start development at the end of 2026 and be completed in 2028, with full completion by 2035. The investment supports PSA's node-to-network strategy and complements existing inland container depot facilities in Bac Ninh.
Logistics Cabinet clears Rs 14,115 crore highway projects in Delhi, UP; approves Rs 6,970 crore 6-lane Dwarka tunnel
The Union Cabinet approved two highway infrastructure projects worth a combined Rs 14,114.81 crore. The projects include an 8.1-km six-lane tunnel in Delhi and a 117.7-km greenfield highway in Uttar Pradesh. They are expected to improve connectivity, reduce travel time, and generate significant employment.
Commodities Vallourec Secures Pipe Supply Contract for Azule Energy's $5.1bn Angola Offshore Development
French tubing manufacturer Vallourec has been awarded a contract by Azule Energy to supply more than 26,000 tons of seamless carbon steel line pipes for the Greater PAJ offshore development in Angola. The project, with a total investment of $5.1bn, involves five fields and first oil expected by the first half of 2029.
Logistics New Laredo Rail Park Aims to Diversify Beyond Trucking at Busiest US-Mexico Border Gateway
The US Surface Transportation Board approved the Laredo Gateway Industrial Railway, a 2.6-mile short-line railroad within Kraus Development's Gateway Industrial Park in Laredo, Texas. Developers Kraus Development and Ironhorse Resources aim to create Laredo's first modern short-line rail-served industrial park, providing shippers a new option to transfer cargo between trucks and rail without leaving the region. Construction is expected to start within three to six months, with rail service beginning about a year later.
Logistics Shetland Plans £1.5bn Undersea Tunnels to Replace Ageing Ferry Fleet
Shetland Islands Council is set to approve a £1.5bn plan to build undersea tunnels connecting the mainland to Yell, Unst, and potentially Whalsay and Bressay, replacing ageing ferries. The project, inspired by the Faroe Islands, aims to improve capacity, reduce costs, and support the UK's only spaceport at Saxavord. Current ferry services carry 750,000 passengers annually at a cost of £23m per year.
Logistics MSC Pays $1.4bn for 49% Stake in Adani's Vizhinjam Port, Deepens India Bet
Mediterranean Shipping Company (MSC) is acquiring a 49% stake in Adani Ports' Vizhinjam transhipment terminal for $1.4bn through its terminal arm Terminal Investment Limited (TiL). The deal values the Kerala port at approximately $2.85bn and represents the largest foreign private investment in Indian port infrastructure. Adani will retain a controlling 51% stake. The investment will fund expansion of the terminal's capacity from 1.6m TEU to 5.7m TEU by end of 2028.
Logistics Hapag-Lloyd to Acquire 20% Stake in Eurogate Container Terminal Hamburg
Hapag-Lloyd, the world's fifth-largest container line, announced its subsidiary Hanseatic Global Terminals signed a term sheet to acquire a 20% stake in Eurogate Container Terminal Hamburg. The transaction is subject to binding agreements. This move continues the trend of carriers seeking vertical integration in the ocean supply chain.
Logistics CMA CGM and Asyad Group Sign $400m Multipurpose Terminal Deal in Oman's Sohar Port
Oman's Asyad Group and French liner CMA CGM have signed a framework agreement to develop and operate a new multipurpose logistics terminal in Sohar, with an expected investment of around $400m. The project aims to strengthen Oman's position in regional and international trade corridors, adding integrated logistics and cargo handling capacity.
Finance IIFCL Plans $1 Billion Overseas Loan and Eyes $400 Million ADB Funding to Support India's Infrastructure Push
According to a Business Today report, India Infrastructure Finance Company Ltd (IIFCL) plans to raise $1 billion through an overseas loan and is also in talks for $400 million in funding from the Asian Development Bank (ADB) to support infrastructure development in India.
Logistics Norway Awards Contract for World's First Ship Tunnel Through a Mountain
The Norwegian Coastal Administration has awarded AF Gruppen a turnkey contract worth NOK 5.6bn ($564.5m) for the Stad Ship Tunnel, the world's first ship tunnel. The 1.7 km tunnel will allow freight and passenger ships to safely transit between the Norwegian Sea and North Sea year-round, bypassing hazardous waters. Construction begins in early 2027 and is expected to take about five years.
Logistics Port of Brownsville Completes $295M Ship Channel Deepening to Boost Cross-Border Trade
The Port of Brownsville has completed the $295.2 million Brazos Island Harbor Improvement Project, deepening the ship channel by 10 feet. The project enables larger vessels and aims to boost energy exports and cross-border trade with Mexico, which accounts for over 80% of port traffic.
Manufacturing India's Indigenous Bullet Train Project: An Engineering Leap for Manufacturing
India's first bullet train service on the Surat–Bilimora section is expected by August 2027. The trains will be manufactured indigenously, with a Rs 866.87 crore contract awarded to BEML Limited for two prototype high-speed train sets. This marks a significant engineering leap, requiring new capabilities in lightweight construction, advanced braking, and high-speed control systems.