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…
GLS Group and APM Terminals Launch Liberia’s First Export Processing Center
Global Logistics Services Inc. (GLS Group) and APM Terminals (APMT) Liberia have officially partnered to develop the country’s first dedicated Export Processing Center (EPC). Announced at the EUbLiberia Business Forum…
U.S. Sanctions Update: 30-Day Waiver Granted for Russian Oil Cargoes to India
The U.S. Treasury Department has issued a temporary, 30-day sanctions waiver permitting Indian refiners to receive Russian crude oil cargoes that are already at sea. This narrowly targeted move is…
JNPA Breaks All-Time Container Record with 7.42 Million TEUs in FY 2025-26
The Jawaharlal Nehru Port Authority (JNPA) has hit a major milestone, setting a new all-time high for container and overall cargo throughput. From April 2025 through February 2026, India’s premier…
Hellmann Appoints Rahul Bhasin as Global VP of Automotive Logistics
Hellmann Worldwide Logistics has appointed Rahul Bhasin as its new Global Vice President of Automotive Logistics. Reporting directly to Chief Commercial Officer Alexandra Olvera, Bhasin will spearhead the company’s global…
GTT to Design Tanks for 180,000 m³ LNG Carrier Built by Samsung Heavy Industries
GTT announced in the first quarter of 2026 that it has received a new order from the Samsung Heavy Industries shipyard. The contract covers the specialized tank design for a…
ONE PN1 Service Update: Xiamen Port Call Dropped for FY2026
Ocean Network Express (ONE) has announced a schedule revision for its Pacific North 1 (PN1) service. Operating under the Premier Alliance network, the PN1 route will officially discontinue its Xiamen…
India Signs ₹5,083 Crore Defense Deal for 6 Coast Guard Helicopters
The Ministry of Defense has officially signed contracts worth ₹5,083 crore ($610–615 million) to upgrade India’s maritime security architecture. The agreements, inked in New Delhi in the presence of Defense…
Evergreen Suspends Cargo Bookings for UAE, Bahrain, and Middle East Ports
Due to the rapidly evolving security situation in the region, Evergreen Marine Corporation has officially suspended the acceptance of new cargo bookings for several key Middle East ports. The booking…
AD Ports Group Confirms UAE Ports Fully Operational Amid Strait of Hormuz Tensions
AD Ports Group has officially confirmed that all operations across its clusters are running normally, despite ongoing geopolitical tensions in the Middle East. Working closely with UAE authorities, the company…
DHL Builds Carbon-Neutral Logistics Center in Rheinbach, Germany
DHL Supply Chain is expanding its contract logistics footprint in the Rhineland economic region. The company is currently building a new 26,600 m² carbon neutral logistics center at the Wolbersacker…