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…
DP World Launches Insetify: Carbon Inset Program for European Ocean Freight
DP World has announced the launch of Insetify, a new carbon inset trial specifically designed for ocean freight forwarding customers in Belgium, Portugal, and Sweden. Scheduled to begin on April…
COSCO Shipping Suspends Operations at Panama’s Balboa Port
Chinese shipping giant COSCO Shipping has officially suspended its operations at the Port of Balboa, located at the Pacific entrance to the Panama Canal. While COSCO has not publicly specified…
Scandlines Launches Zero-Emission Freight Ferry The Baltic Whale
Scandlines has officially put its new freight ferry, The Baltic Whale, into service on the Rødby-Puttgarden route connecting Denmark and Germany. The deployment marks a major milestone in the carrier’s…
CMA CGM Expands PHOEX Service for Asia-to-Iraq Freight
CMA CGM is tightening cargo connectivity between Asian markets and Iraq by leveraging its Phoenician Express (PHOEX) service alongside integrated inland transport solutions. To avoid regional bottlenecks and ensure secure…
Maersk Suspends Empty Container Returns in UAE and Gulf Countries
Maersk has temporarily changed its empty container return procedures for several Gulf countries. Driven by the rapidly evolving security situation and uncertain operational conditions around the Strait of Hormuz, the…
GXO Logistics Appoints Mark Suchinski as New Chief Financial Officer
GXO Logistics has appointed Mark Suchinski as its new Chief Financial Officer, effective April 1, 2026. The move is part of the contract logistics provider’s broader strategy to tighten its…
Port of Riga Launches Transatlantic LPG Supply Route from the US
The Port of Riga has officially launched a strategic partnership to import liquefied propane gas (LPG) directly from the United States. This new transatlantic route follows the completion of a…
India Launches Credit Support Scheme for MSME E-commerce Exporters
India has officially launched a crucial credit support scheme tailored for e-commerce exporters as part of its Export Promotion Mission (EPM). Designed to ease access to working capital, this initiative…
HD Hyundai and ABS to Design 16,000 TEU Nuclear-Powered Container Ship
HD Hyundai has officially signed a joint development agreement with the American Bureau of Shipping (ABS) to design a nuclear-linked electric propulsion system for commercial ocean freight. The project is…
VOC Port Outer Harbour Project: Inside the $1.63 Billion Expansion
V.O. Chidambaranar Port (VOC Port) is gearing up for a massive upgrade. The port authority plans to invest approximately $1.63 billion into a new Outer Harbour project designed to handle…