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…
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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…
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…
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…
CMA CGM Expands Gemalink Terminal Capacity in Vietnam to 3 Million TEUs
The CMA CGM Group and Gemadept have officially launched Phase 2 of the Gemalink container terminal in Cai Mep, southern Vietnam. This project strengthens a critical trade gateway in Southeast…
Hamburg Approves MB Energy Ammonia Import Terminal at Blumensand
Hamburg’s Authority for Environment, Climate, Energy and Agriculture (BUKEA) has officially granted MB Energy the permit to build and operate a new ammonia import terminal at the Port of Hamburg.…
US Enforces Maritime Blockade on Iranian Ports: 9 Vessels Turned Back
The United States maritime blockade of Iranian ports is continuing to hold. According to US Central Command (CENTCOM), forces have successfully turned back nine vessels within the first 48 hours…
BNSF and Metra Extend Chicago to Aurora Rail Service for 10 Years
BNSF Railway and Metra have officially signed a new agreement to extend commuter rail services on the BNSF Line in the Chicago area. This deal secures long term operational continuity…
Strait of Hormuz Ceasefire: First Indian LPG Carrier Transits to Kandla
The India flagged LPG carrier Jag Vikram is expected to arrive at Kandla, Gujarat on April 14, marking the first successful transit by an Indian vessel since the recent 14…