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…
Acquisition
APM Terminals Acquires 49 Percent Stake in Vietnam Hai Phong Port
APM Terminals, a division of Maersk, has officially taken a 49 percent minority shareholder and operating partner position in the Hai Phong International Container Terminal. Located within the Lach Huyen…
MSC Group Acquires 50 Percent Stake in Sinokor Maritime
Investment framework agreement has officially been signed establishing a joint ownership structure between the MSC Group and South Korean shipping operator Sinokor Maritime. Under the terms of the new agreement,…
ONE Increases Stake in Seaspan Parent Company Poseidon to 48.9%
Ocean Network Express (ONE) has signed new agreements with existing shareholders to acquire an additional stake in Poseidon Corp. As the parent company of Seaspan Corporation the world’s largest non-operating…
Diana Shipping Elevated Genco Acquisition Bid
Diana Shipping has increased its all cash offer to acquire fellow dry bulk operator Genco Shipping & Trading. Under the revised proposal, Diana has partnered with Star Bulk Carriers to…
MSC and BlackRock Resume Talks for $23B CK Hutchison Port Acquisition
Nearly a year after the initial announcement, MSC Mediterranean Shipping Company and U.S. investment group BlackRock have reportedly resumed negotiations to acquire the global port operations of Hong Kong-based CK…
cargo.one Acquires Cargofive to Build Multimodal Freight AI Platform
cargo.one has officially acquired the ocean rate platform Cargofive. Completed on February 25 and backed by approximately $20 million in funding from Bessemer Venture Partners and others, the acquisition paves…
Algoma Central Acquires Mainstay Maritime’s Canadian Great Lakes Fleet
Algoma Central has agreed to purchase three Canadian operating companies and six Canadian-flagged Lakers from Mainstay Maritime. The transaction allows both maritime carriers to strategically streamline and expand their respective…
UK Sells Decommissioned HMS Enterprise to Bangladesh Navy
The United Kingdom has officially sold the decommissioned Royal Navy survey ship, HMS Enterprise, to the Bangladesh Navy. Following a government-to-government agreement, the vessel will return to active service after…
DP World and APMT partner at Jeddah terminal
DP World and APM Terminals (APMT) have established a strategic partnership at the Southern Container Terminal in Saudi Arabia’s Jeddah Islamic Port. Under the newly announced agreement, APMT will acquire…