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 Launches Dry Port Services at EWG Terminal in Hungary
Intermodal logistics in Eastern Hungary are expanding. East West Intermodal Logistics Plc (EWG) and Maersk have officially signed an agreement to launch container depot and dry port services at the…
Strait of Hormuz Closure Could Trap 200,000 TEUs in the Persian Gulf
A potential closure of the Strait of Hormuz could trap more than 200,000 TEUs of deep sea container capacity inside the Persian Gulf. According to a new Sunday Spotlight report…
MSC Updates Asia to Northern Europe Container Network Rotations
Mediterranean Shipping Company (MSC) is rolling out major enhancements to its Asia to Northern Europe service network. Designed to strengthen direct connections, cut transit times, and expand market coverage, these…
MSC billion-dollar deal for Nigerian terminal
MSC Group has officially signed a 45 year concession agreement with Nigerdock to develop a state of the art container terminal at Snake Island Port (SIP) in Lagos, Nigeria. To…
CNC Reopens Middle East Import and Export Cargo Bookings
CNC, a subsidiary of the CMA CGM Group, has officially reopened its import and export bookings across the Middle East with immediate effect. This broad service resumption covers shipments moving…
CMA CGM Announces FAK Rate Increases for Asia to Mediterranean Routes
CMA CGM has announced an upcoming increase in Freight All Kinds (FAK) rates for cargo moving out of main Asian ports. The new tariff directly impacts shipments bound for destinations…
CNC Line Announces Emergency Fuel Surcharge for Asian Shipping Routes
Following a sharp rise in global bunker costs, CNC Line is rolling out a new Emergency Fuel Surcharge (EFS) for its Asian trade lanes. The rate hike is a direct…
India Bound Bulk Carrier Mayuree Naree Attacked in Middle East
The Thai registered bulk carrier Mayuree Naree was struck by two projectiles on Wednesday while transiting the Strait of Hormuz. The 30,000 DWT vessel, operated by Precious Shipping, caught fire…
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…
Jaigad Port Opens for Agri-Exports: New Route for Mango and Cashew
Jaigad Port on Maharashtra’s Konkan coast has officially opened as a new export route for Alphonso mangoes and cashews. For regional agricultural exporters, this deep water gateway serves as a…