US Seizes Third Indian Ocean Oil Tanker
U.S. military forces seized a sanctioned oil tanker in the Indian Ocean after tracking it from Caribbean waters, the Pentagon said on Tuesday, adding that it was the third such interdiction in that region.After capturing Venezuelan President Nicolas Maduro in a military raid last month in Caracas, Washington has escalated its blockade on vessels that are under sanctions and going to and from the South American country, a member of the OPEC oil producers' group.In a post on X, the U.S. Department of Defense said its forces boarded the Bertha overnight.
MOL Looks to India for Shipbuilding Tie-Up
Japan's second-largest shipping company Mitsui O.S.K. Lines wants to tie up with Indian companies to build tankers in India, aiding the South Asian nation's effort to boost local manufacturing, its chief executive, Takeshi Hashimoto said.New Delhi is modernizing its maritime laws to allow foreign participation in the sector, including ship-building, ports and shipyards, to reduce freight outgoings to foreign firms by at least a third by 2047."The Indian government has a strong preference to see the new vessels constructed in India.
