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Business Line

Marine Electricals secures orders worth ₹6.87 crore

Marine Electricals confirmed that these orders do not involve any related party transactions and are not associated with the company’s promoter or promoter group interests

CNBC TV18

Adani Ports acquires 80% stake in Astro Offshore to boost marine portfolio

Adani Ports has acquired an 80% stake in Astro Offshore for $185 million. This strategic acquisition enhances APSEZ’s global marine portfolio, adding 26 vessels and new Tier-1 customers in the oil, gas, and renewables sectors.

The Economic Times

Adani Ports subsidiary acquires 80% of Astro Offshore Group for $185 million

Adani Ports and Special Economic Zone has announced an all-cash deal to acquire a 80% stake in Astro for $185 million. This acquisition, valued at an EV of $235 million, expands APSEZ's fleet and customer base in strategic regions, enhancing its position in the marine operations market.

CNBC TV18

DEE Development Engineers wins ₹26 crore order from L&T Energy Hydrocarbon

The contract is associated with L&T's Module Fabrication Facility (MFFK) in Kattupalli, Tamil Nadu.  The MFFK is part of L&T’s sprawling 1,200-acre marine complex which lies in a Special Economic Zone and includes a shipbuilding and ship-repair yard as well as a port and freight container station.

The Economic Times

India-Australia to strengthen maritime ecology pillar of the Indo-Pacific Ocean Initiative

The 6th India-Australia Maritime Security Dialogue in Canberra focused on maintaining a safe maritime environment and collaboration in the Indo-Pacific Ocean Initiative. Delegations led by Muanpuii Saiawi and Sarah Storey discussed topics like maritime security, HADR coordination, and sustainable marine resource use. They also explored enhancing bilateral cooperation in areas such as Search and Rescue, blue economy, and Port State control, aiming for inclusive growth and global well-being.

The Economic Times

Possibly world’s rarest whale washes ashore in New Zealand, Offering unprecedented research opportunity

The five-meter spade-toothed whale found on Otago beach, South Island, New Zealand, provides rare scientific research opportunities. Awaiting DNA confirmation, it offers insights into habitat and diet. Stored in collaboration with Māori iwi, it's the first specimen for study. Marine adviser Hannah Hendriks and researcher Kirsten Young note the discovery.

Mint

French and UK Stocks Outshine European Peers Ahead of Elections

French stocks outperformed on Thursday, boosting the broader market, as polls showed Marine Le Pen’s National Rally and its allies would fall well short of an absolute majority in Sunday’s French parliamentary election.

Business Line

ITD Cementation secures marine contract worth ₹1,082 crore

ITD Cementation India’s stock surges 4%

The Economic Times

Over 94 organisms have light-emitting ability of bioluminescence, but scientists don't know why

A study by marine biologists reveals insights into bioluminescence, with focus on octocorals. These soft-bodied corals possess the ability to produce light through internal chemical reactions. Despite its widespread occurrence, the origins and original function of bioluminescence remains unknown. ​​