American Ocean Minerals to Merge with Odyssey Marine Exploration in $1B Deal
American Ocean Minerals announced it is finalizing a $1 billion merger with Odyssey Marine Exploration, consolidating their deep‑sea mineral exploration assets. The combined entity will hold licenses to explore polymetallic nodules in the Cook Islands exclusive economic zone, targeting copper, cobalt, nickel and rare earths needed for AI infrastructure. The deal aims to reduce U.S. reliance on Chinese‑controlled mineral supplies.
CMA CGM to Invest $820M in Modernising Kenya’s Port of Mombasa
French shipping giant CMA CGM announced a $820 million investment to modernise and expand two terminals at Kenya’s Port of Mombasa under a public‑private partnership with the Kenyan government. The funding will boost cargo‑handling capacity and strengthen regional trade corridors...
Abu Dhabi Raises $4 Billion in Private Placement
Abu Dhabi raised around $4 billion from investors in a private‑placement transaction arranged by banks including Goldman Sachs earlier this month, as the emirate seeks to shore up its foreign‑currency reserves amid dollar stress caused by the Iran‑UAE conflict. The funds...
EU to Release €90bn ($99B) Loan to Ukraine in Q2
The EU’s economy commissioner announced that the bloc will begin disbursing a €90bn loan to Ukraine in the second quarter, providing a major financial boost to support the country’s war effort. The loan, equivalent to roughly $99B, is part of...
Saudi Arabia Extends $3B Funding to Pakistan to Bolster Foreign Exchange Reserves
Saudi Arabia has extended a $3 billion financing package to Pakistan to strengthen its foreign‑exchange reserves and support its $7 billion IMF programme. The announcement was made by Pakistan’s finance minister Muhammad Aurangzeb during the World Bank‑IMF Spring Meetings, also extending an...
Hapag‑Lloyd to Acquire Zim Integrated Shipping Services for $4 Bn
German carrier Hapag‑Lloyd announced a $4 bn agreement to acquire 100 % of New York‑listed Israeli carrier Zim Integrated Shipping Services, pending shareholder and regulatory approval. The combined fleet will exceed 400 vessels with a capacity of over 3 m TEU, and the deal includes...
India's Bharat Container Shipping Line (BCSL) Formed via MoU, Backed by $1B Manufacturing Aid and $1.6B Port Funding
A consortium of six Indian entities signed an MoU to launch Bharat Container Shipping Line (BCSL), each taking equity stakes ranging from 5% to 30%. The new carrier will order 15 container ships and aims to operate 51 vessels within...
TechMet Seeks up to $200M in New Funding to Expand Critical Minerals Portfolio
TechMet, the US‑backed investment vehicle focused on critical minerals, announced plans to raise up to $200 million in additional funding. The capital will be used to make new investments in mining projects across Africa and other regions, building on its $300 million...