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…
RCL Shifts RCP2 Slot Allocation to CNC’s China-Philippines Service
Regional Container Lines (RCL) has officially transferred its slot allocation from CNC Line’s Japan-Philippines (JP8) service to the carrier’s China-Philippines (CP2) service. According to industry data from Alphaliner, RCL will…
MSC Announces New Freight Rates: Far East to Sub-Saharan Africa
Mediterranean Shipping Company (MSC) has announced a new pricing structure for cargo moving from the Far East to ports across Sub-Saharan Africa and the Indian Ocean. The rate update is…
NWSA Upgrades Seattle’s Terminal 5 with New Truck Gate and Reefer Capacity
The Northwest Seaport Alliance (NWSA) and terminal operator partner SSA Terminals have officially completed two major infrastructure upgrades at Terminal 5 in Seattle. The rollout of a modernized truck gate…
Wan Hai Updates JST Service: Kobe and Southbound Hong Kong Calls Removed
Wan Hai Lines has officially adjusted the port rotation for its Japan Kansai Thailand Service (JST). According to recent reports from DynaLiners, the intra-Far East loop will no longer include…
Cosco and OOCL Drop Conakry from WMAX West Africa Service
Cosco Shipping Lines (CoscoSL) and OOCL have officially revised their joint West Mediterranean West Africa (WMAX) service. According to recent reporting from DynaLiners, the carriers have removed the port of…
DP World Secures 5-Year Contract Logistics Deal with Suzano in Brazil
DP World has signed a five-year contract with Suzano, a leading global pulp and paper producer, to manage its warehouse and production line supply operations in Cachoeiro de Itapemirim, Espírito…
DHL and JD.com Partner on New Europe-China E-Commerce Logistics Corridor
DHL Group and JD.com have officially signed a memorandum of understanding (MoU) in Beijing to help German brands expand their footprint in China and Europe. By leveraging Joybuy, JD.com’s European…
Global Trade Impact: Strait of Hormuz Closure Forces Cape of Good Hope Routing
Global shipping is facing an immediate supply chain crisis. Following joint US and Israeli strikes on Iran, the Iranian Revolutionary Guard Corps (IRGC) has officially closed the Strait of Hormuz,…
ONE Launches New AEX Service and Revamps LEX for Europe-Med Trade
Ocean Network Express (ONE) is rolling out a strategic update to its European service network. Taking effect in March 2026, the carrier is launching the brand new Aegean Express (AEX)…
Maersk Diverts ME11 and MECL Services Away from the Red Sea
Maersk alerted customers that it is temporarily pausing its return to the Suez-Red Sea corridor. Citing “unforeseen constraints” in the operating environment and the risk of passage delays, the carrier…