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…
Ellerman City Liners Relaunches IPEX2 Service Between Hull and Gdynia
Ellerman City Liners has officially relaunched its IPEX2 service. The reinstated route will now operate as a dedicated short-sea shuttle connection linking Hull in the United Kingdom directly with Gdynia…
MSC Rate Update: New Peak Season and Emergency Fuel Surcharges Announced
Mediterranean Shipping Company (MSC) has announced a new series of rate increases and surcharges affecting multiple global trade routes. Effective March 16, 2026, MSC is implementing new freight rates for…
CONCOR Launches Rail-Based Bulk Cement Transport in Tank Containers
Container Corporation of India Limited (CONCOR) has launched specialized logistics services for the bulk transportation of loose cement using advanced tank containers. This shift from conventional bagged road transport to…
ONE Expands AX4 Service with New Asia and Latin America Port Calls
Ocean Network Express (ONE) is upgrading its West Coast South America (AX4) service. The carrier announced the network enhancement to strengthen its coverage and improve overall transit efficiency between key…
Imabari Shipbuilding Delivers 64,000 DWT Bulk Carrier ULTRA DETERMINATION
Imabari Shipbuilding has officially delivered the ULTRA DETERMINATION, a new 64,000 DWT bulk carrier. Constructed at the company’s Shin Kasado Dockyard in Japan, the handymax-size vessel brings flexible, modern capacity…
CMA CGM Rate Update: New FAK Rates and PSS for April 2026
CMA CGM has issued a series of tariff updates affecting several major global trade lanes. Starting in mid-March and early April 2026, shippers will see revised Freight All Kinds (FAK)…
CMA CGM Announces April 2026 Rate Hike for India to South America Trade
CMA CGM has released two new tariff updates affecting shippers moving cargo out of South Asia and East Africa. Effective April 1, 2026, the ocean carrier is rolling out a…
CK Hutchison Seeks $2 Billion from Panama Over Seized Port Terminals
CK Hutchison and its subsidiary, the Panama Ports Company (PPC), are escalating their legal fight against the Panamanian government over the revoked concessions for the Balboa and Cristobal port terminals.…
US DFC Announces $20 Billion Maritime Reinsurance Plan for Gulf Shipping
The U.S. International Development Finance Corporation (DFC) has announced a new plan to provide up to $20 billion in maritime reinsurance for the Gulf region. The move is designed to…
Diana Shipping Elevated Genco Acquisition Bid
Diana Shipping has increased its all cash offer to acquire fellow dry bulk operator Genco Shipping & Trading. Under the revised proposal, Diana has partnered with Star Bulk Carriers to…