India’s Seven Islands Shipping Expands Fleet with $44 Million Suezmax Purchase from Eastern Pacific Shipping
13.10.2025
India’s Seven Islands Shipping is continuing its fleet expansion strategy by acquiring a Suezmax-class tanker from Singapore-based Eastern Pacific Shipping (EPS), owned by Israeli billionaire Idan Ofer.
According to shipbrokers, Seven Islands has purchased the “Brightway”, a 2012-built tanker constructed at Hanjin Subic Shipyard in the Philippines. The vessel, with a deadweight capacity of 160,000 tons, reportedly changed hands for over $44 million.
The acquisition reflects Seven Islands’ long-term strategy to expand and modernize its tanker fleet, strengthening its role in global crude oil transportation. The company continues to diversify its assets, focusing on mid-aged, efficient vessels that offer flexibility amid fluctuating oil demand.
The purchase of Brightway marks one of the largest transactions in India’s shipping sector in 2025, underscoring Seven Islands’ growing international ambitions in charter and tanker operations.
Founded in 2002 and headquartered in Mumbai, Seven Islands Shipping Ltd. is one of India’s leading private tanker operators. The company specializes in crude oil and petroleum product transport, managing a fleet of over 20 vessels, and works closely with major state-owned companies such as Indian Oil Corporation and Bharat Petroleum.
Brooklyn Marine Terminal to Become a $3.5B All-Electric Port
30.09.2025
The Brooklyn Marine Terminal (BMT) redevelopment plan has been approved, setting the stage for a $3.5 billion transformation of Red Hook into a state-of-the-art, all-electric maritime hub.
Backed by $418 million in federal, state, and city funding, the 60-acre site will be modernized after years of decline. The project will add a new marginal wharf for “water-to-water” cargo transfers, aiming to cut truck traffic across New York City and boost sustainable logistics.
A newly established Brooklyn Marine Terminal Development Corporation will oversee the project. Initial upgrades are already underway, including $18 million allocated for crane removal, pier repairs, and new port equipment.
City officials emphasize that the revamped terminal will be a cornerstone of New York’s logistics network and a model for “green ports” in the U.S., supporting the city’s broader emissions-reduction strategy while strengthening its supply chain resilience.
U.S. Lifts Waiver on Iran’s Chabahar Port, Casting Doubt on India’s Strategic Project
22.09.2025
Starting September 29, all companies working with Iran’s Chabahar Port risk U.S. sanctions under the IFCA law.
For India, Chabahar is a vital hub on the Gulf of Oman, providing access to Central Asia and Afghanistan. Under Indian Ports Global Limited (IPGL), container turnover surged from 6,000 to over 90,000 TEU in just two years. In 2024, IPGL signed a 10-year deal with Iran, pledging $370 million in investments.
The removal of the waiver undermines India’s plans to expand regional trade and creates a diplomatic dilemma: balancing ties with both Washington and Tehran is becoming increasingly complex.
Amid U.S. pressure and tariff disputes — Indian imports recently faced doubled duties of up to 50% — the future of Chabahar’s modernization now hangs in the balance.
Indian Ports Global Limited (IPGL) is a state-owned company founded in 2015 to develop overseas port projects. Chabahar is a port city in southeastern Iran, located in Sistan and Baluchestan Province on the Gulf of Oman.
Maersk: 50 Years in Container Shipping!
08.09.2025
On September 5, 1975, Maersk Mc-Kinney Moller launched the company’s first container service from the US East Coast to Asia — marking the Danish giant’s entry into a new sector, albeit later than its rivals.
While Maersk could have joined container shipping back in the 1960s, it initially chose to diversify into aviation, oil, and gas. But by the early 1970s it became clear: containerization was reshaping global trade and could no longer be ignored.
In 1973, Maersk ordered nine containerships, and by August 1975 its first vessel — Adrian Maersk, with a capacity of 1,800 TEU — was delivered.
By 1985, the company had become the world’s third-largest carrier, and today Maersk stands as the second-largest container line worldwide.
Half a century of history — and this is only the beginning!
Happy Mawlid al-Nabi
05.09.2025