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Karan Adani, in 2024. SUMIT DAYAL/ BLOOMBERG
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India must upgrade its logistics networks and modernize ports and factories to lure foreign manufacturers as global trade shifts, the head of the nation’s largest ports operator says. Karan Adani, the managing director of India’s Adani Ports and Special Economic Zone, says retailers and manufacturers too often have overlooked his home country when looking for alternatives to China.
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The head of the logistics unit of his family’s Adani Group conglomerate tells the WSJ Logistics Report’s Paul Berger that he wants to expand regionally, with a focus on India and around the Indian Ocean. This contrasts with rivals such as DP World that are expanding globally.
In recent years, the company acquired terminals in Haifa, Israel; Tanzania’s Port of Dar es Salaam; Sri Lanka’s Port of Colombo; and a coal-export hub in North Queensland, Australia. Adani is working to build a terminal at Vietnam’s Da Nang Port and is looking at potential terminals in the Philippines, Indonesia and Oman.
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The U.S. Coast Guard took control of the tanker Olina in the waters near Venezuela. U.S. SOUTHERN COMMAND
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The U.S. military seized a fifth oil tanker and continues to monitor other vessels trying to evade the Trump administration’s blockade of tankers under sanctions traveling to and from Venezuela. With five vessels now seized, the world’s fleet of so-called shadow tankers are quickly hoisting a new flag: the Russian tricolor.
Their hope is that by operating under the flag of a country with a strong navy they might be able to skirt the U.S. blockade and avoid interception, the Journal’s Costas Paris, Joe Wallace and Benoit Faucon write. It doesn’t appear to be working. Moscow sent ships to escort another tanker, known as Bella 1, which was sailing under a sloppily painted Russian flag on its hull. The U.S. seized the tanker last Wednesday.
In the past two weeks alone, as the blockade intensified, more than 15 tankers involved in shipping oil under sanction swapped flags to fly Russia’s, according to Lloyd’s List Intelligence. Twenty-five tankers were reflagged to Russia in the final three months of 2025, according to S&P Global Market Intelligence. The legitimacy of these midvoyage changes under international maritime law isn’t clear.
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Trump pressed oil-company executives to drill into Venezuela’s bounties, but officials from the largest firms not already involved there stopped short of pledging to quickly invest. (WSJ)
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South Africa is hosting naval exercises with Iranian, Russian and Chinese warships, risking further U.S. disapproval. (WSJ)
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Vitol was expected to load the first cargo of naphtha–used to thin heavy crude oil–from the U.S. to Venezuela under a new supply agreement. (Reuters)
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1647.39
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The Shanghai Containerized Freight Index, a measure of global shipping rates, for the week ending Jan. 9, down 8.93 points from the previous week.
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Employers added 50,000 jobs in December, below economists’ expectations, while the unemployment rate fell to 4.4%. (WSJ)
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The U.S. consumer-confidence index rose slightly to 54 in January, up from 52.9, though Americans remain anxious about affordability and sluggish hiring, the University of Michigan’s latest survey indicated. (WSJ)
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President Trump unveiled new housing proposals concentrated on helping home buyers and lowering mortgage rates. (WSJ)
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Canada’s unemployment rate rose to 6.8% in December, a 0.3-percentage-point increase, despite 8,200 net jobs added. (WSJ)
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China’s consumer inflation picked up modestly in December, while factory-gate prices remained in contraction. (WSJ)
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Taiwan’s exports reached a record high in 2025, powered by robust demand from the global AI boom. (WSJ)
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Germany’s industrial output unexpectedly rose for a third straight month in November, helped by a rebound in car production. (WSJ)
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Eurozone retail sales rose in November, providing a boost for the economy despite continued caution among consumers. (WSJ)
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EU countries approved a trade deal with the South America's Mercosur nations. (WSJ)
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New York Attorney General Letitia James filed two lawsuits against the Trump administration over its halt of the Empire Wind and Sunrise Wind projects. (WSJ)
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Meta Platforms unveiled agreements that would make it an anchor customer for new and existing nuclear power for its AI data centers. (WSJ)
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Seaboard Marine is restarting a weekly service linking Savannah to the Caribbean and South America as the Georgia port gets ready to open a new customs facility for cold-chain shippers. (Journal of Commerce)
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Germany’s finance minister said the country was open to taking “joint action” with partners to strengthen supply chains and ensure access to critical materials. (Bloomberg)
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The threat level for maritime traffic in the Strait of Malacca is unchanged despite robberies surging by 75% last year to the highest in 19 years, with most incidents deemed to be minor. (Lloyd’s List)
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The U.S. Postal Service will resume delivering some UPS Ground Saver parcels after a new agreement was completed. (SupplyChainDive)
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Avkha Equity Holdings acquired Minnesota trucking firm 0, which had been privately held by the Oren family for 90 years. (Transit Topics)
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DSV agreed to sell USA Truck to UTAC, a private group of current and former executives of the Arkansas carrier. (Commercial Carrier Journal)
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On the latest episode of the Dow Jones Risk Journal Podcast: Adam Ward and Max Fillion discuss how the U.S. operation in Venezuela ushers in a new era of geopolitical risk. Also, Kim S. Nash explains cyber threats to critical infrastructure. James Rundle hosts. You can listen to new episodes every Friday on Apple Podcasts, Spotify and Amazon.
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