Diana Shipping Genco offer rejected as undervalued
Kiyaan Singh
Diana Shipping has launched a $4.2 billion tender offer for Genco Shipping & Trading at $23.50 per share in cash. The Diana Shipping Genco bid expires on 2 June 2026…
Diana Shipping Genco offer rejected as undervalued
Diana Shipping has launched a $4.2 billion tender offer for Genco Shipping & Trading at $23.50 per share in cash. The Diana Shipping Genco bid expires on 2 June 2026…
Ningyuan Diankun: World’s Largest Pure Electric Container Ship Earns CCS Certification
China Classification Society (CCS) has completed the construction survey and certification of Ningyuan Diankun, which it describes as the world’s largest pure electric intelligent seagoing vessel and China’s first high…
Sparrows Point Container Terminal Begins Construction
Tradepoint Atlantic and MSC’s Terminal Investment Limited (TiL) broke ground on May 1 for the new Sparrows Point Container Terminal in Baltimore. The joint venture represents a $1.2 billion private…
India to Invest $5.4 Billion in 62 New Merchant Fleet Vessels by 2027
India’s Minister of Ports, Shipping, and Waterways Sarbananda Sonowal announced a US$5.4 billion investment. The funds will add 62 vessels to the Indian merchant fleet in FY 2026-2027. This initiative…
Ganga Expressway Opens: 594-km Route Boosts UP Logistics and Exports
Prime Minister Narendra Modi inaugurated the Ganga Expressway in Hardoi, Uttar Pradesh. Completed in under five years, the 594-kilometre access controlled greenfield project is now the country’s longest green corridor…
Maersk Increases Intermodal Fuel Fees in Australia and New Zealand
A.P. Moller Maersk has officially increased its intermodal fuel fees across Australia and New Zealand. The ocean carrier noted that rising global energy prices are continuing to heavily impact inland…
CMA CGM Transfers Two More Container Ships to Indian Registry
CMA CGM is actively transferring two additional container ships to the Indian registry. This strategic fleet adjustment aligns with the ocean carrier’s broader effort to expand local operations and comply…
AD Ports and AZCON Sign MoU to Develop Azerbaijan Logistics Corridor
AD Ports Group has officially signed a MoU with Azerbaijan Transport and Communications Holding (AZCON Holding). The agreement establishes a framework to explore joint investments and co-operation across ports, shipping,…
UK Govt. introduces sanctions and use control regulations.
For quite some time, the UK government has been dealing with high-risk goods and related technology being diverted to a sanctioned person or destination. To tackle this problem, the UK…
8 vessels, including 6 MSC vessels, escaped from Hormuz
Since the start of the Iran-U.S. conflict, the Strait of Hormuz has become a center of discussion, mostly because it controls nearly 20% of oil exports. So, amidst the conflict,…