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…
Maersk Opens 1.1 Million Sq Ft Automated Distribution Center in Singapore
Maersk has officially inaugurated World Gateway II, a fully automated global and regional distribution center in Singapore. Spanning 1.1 million square feet, World Gateway II is designed to support companies…
APM Terminals Launches Helsingborg to Gothenburg Rail Shuttle
APM Terminals (APMT) has officially introduced a dedicated rail shuttle connecting Helsingborg to the Port of Gothenburg. This new inland link tightens connectivity and extends the port’s reach deeper into…
VLCC Market 2026: How the Hormuz Crisis Spikes Freight Rates
The Strait of Hormuz crisis is changing the 2026 VLCC market fast. Normally, 20% of global oil exports move through this passage. However, rising risks have forced shipowners to pause…
DHL Accelerates Global Warehouse Automation with SVT Robotics
DHL Supply Chain is officially rolling out the SVT Robotics SOFTBOT platform across its global warehouse network. This robotics integration is 12 times faster than traditional custom coding setups.DHL currently…
CMA CGM Upgrades PEARL Service for Direct India to US West Coast Freight
CMA CGM is overhauling its PEARL (PRX) service to establish a new direct connection between the West Indian Subcontinent and the US West Coast. The newly updated PEARL service operates…
CNC Upgrades JP8 Service for Faster Japan to Philippines Ocean Freight
CNC has officially upgraded its JP8 service to improve regional connectivity between Japan, South China and the Philippines. The enhanced routing offers shippers faster transit times and more reliable ocean…
DP World Launches Carbon Inset Program for Scope 3 Ocean Freight
DP World launching a dedicated carbon inset trial Starting 1 April,for ocean freight forwarding customers in Belgium, Portugal and Sweden. The program is designed to deliver immediate, measurable reductions in…
Maersk Updates Emergency Contingency Surcharges for Middle East Cargo
Maersk has announced critical adjustments to its Emergency Contingency Surcharge (ECS) for freight moving from multiple global origins to key Middle East ports. As military conflicts escalate and disrupt regional…
Saudi Arabia Reroutes Gulf Cargo to Red Sea Ports to Bypass Hormuz
Saudi Arabia has officially launched the Logistics Corridors Initiative, a strategic move to redirect shipping from Arabian Gulf ports directly to its Red Sea coast. This bypass comes as a…
Red Zed 1 Delivers 10,847 Tonne Liquefaction Module to Woodfibre LNG
Woodfibre LNG has officially taken delivery of the heaviest module for its future export facility. The massive liquefaction module arrived safely at the British Columbia site aboard the specialized heavy…