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…
Orlen Expands Fleet with Two New 174,000 Cubic Meter LNG Carriers
The Orlen Group is actively expanding its liquefied natural gas (LNG) transport capacity. In a recent naming ceremony, the company officially took delivery of two new 174,000 cubic meter LNG…
MSC Updates Uswasa Service Route from USA to Africa
MSC has officially announced a strategic realignment of its Uswasa service connecting the USA and Africa. To optimize its West African network, the ocean carrier is shifting its Ivory Coast…
Port of Rotterdam and Evos to Build New Inland Shipping Berth
The Port of Rotterdam Authority and Evos Rotterdam have officially signed an agreement to construct a new inland shipping berth. This infrastructure project will directly support a major expansion of…
Mitsui OSK Lines Launches RoRo Operations at Port of Piraeus
The Port of Piraeus has officially partnered with Mitsui OSK Lines (MOL), expanding its role as a key vehicle transport hub in the Mediterranean. The operational relationship kicked off with…
MSC Updates Koala Service Rotation for Asia and Australia Trade
Mediterranean Shipping Company (MSC) has officially updated the port rotation of its Northeast Asia to Australia Koala service. The ocean carrier implemented these schedule changes to improve overall network connectivity…
India Secures Safe Passage for LPG Tankers Through Strait of Hormuz
Two Indian flagged LPG tankers, the Shivalik and Nanda Devi, have successfully crossed the Strait of Hormuz and are en route to India. The Shivalik is currently carrying 40,000 metric…
US Strikes Kharg Island Military Targets, Warns Iran Over Strait of Hormuz
The United States carried out airstrikes against military targets on Iran’s Kharg Island on Friday. While President Donald Trump confirmed on Truth Social that US forces obliterated the island’s military…
Wan Hai Carrier Orders Six New LNG Ready Container Ships
Wan Hai has officially placed orders for six additional container vessels to boost its global carrying capacity. Designed to be LNG and dual fuel ready, these new ships support the…
CMA CGM Announces Peak Season Surcharge from East Mediterranean to US
CMA CGM is introducing a new Peak Season Surcharge (PSS) for shipments moving from the East Mediterranean to the United States. The ocean carrier stated this pricing adjustment is designed…
Seatrium Delivers Wind Turbine Installation Vessel to Maersk Offshore Wind
Singapore based shipbuilder Seatrium Limited has officially delivered a next generation Wind Turbine Installation Vessel (WTIV) to Maersk Offshore Wind. The February 26 handover completes a project that recently faced…