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…
Algoma Central Acquires Mainstay Maritime’s Canadian Great Lakes Fleet
Algoma Central has agreed to purchase three Canadian operating companies and six Canadian-flagged Lakers from Mainstay Maritime. The transaction allows both maritime carriers to strategically streamline and expand their respective…
TIC4.0 Urges Ports to Adopt PAS 4000 Digital Standard for Cargo Handling
The Terminal Industry Committee 4.0 (TIC4.0) is calling on global ports and terminals to adopt a new information model aimed at improving interoperability and reducing supply chain costs. The push…
CMA CGM Launches Ocean Rise Express: New Japan-Europe Shipping Route
CMA CGM Group has officially launched the Ocean Rise Express (OCR), a new weekly shipping service that provides a direct link between Japan, South China, and North Europe. As the…
Galadari Brothers to Build 150,000 SQM Logistics Hub at KEZAD Abu Dhabi
Khalifa Economic Zones Abu Dhabi (KEZAD Group) has officially signed a 50-year land lease agreement with the Heavy Equipment Division of Galadari Brothers. The deal paves the way for a…
BLR and Frankfurt Airports Sign MoU to Enhance India Europe Air Cargo
Kempegowda International Airport Bengaluru (BLR) and Frankfurt Airport (FRA) have signed a Memorandum of Understanding (MoU) to strengthen air cargo connectivity between South India and Europe. Announced at Air Cargo…
India Approves New 4 MTPA Green Hydrogen Terminal at Paradip Port
Indian Ministry of Ports, Shipping & Waterways (MoPSW) has greenlit a ₹797.17 crore($87.65 million) project to build a dedicated green hydrogen and liquid cargo jetty at Paradip Port. Developed on…
Maersk Heavy Load Surcharge: New Fees for Latin America Trades in March 2026
Maersk is implementing a new Heavy Load Surcharge (HWS) for 20-foot dry equipment shipped from Far East Asia to the West Coast of South America (WCSA), Central America, and the…
Ernst Russ Acquires Two Heavy-Lift Vessels for Project Cargo Fleet
Hamburg based shipowner Ernst Russ has acquired two multi-purpose vessels, the MV Ronnie and MV Charlie. The acquisition is part of the company’s long-term fleet strategy to increase its footprint…
CMA CGM Restructures Indian Subcontinent and East Africa Shipping Network
CMA CGM has announced a major restructuring of its shipping network connecting the Indian Subcontinent and the Middle East with East Africa. Taking effect in March 2026, the network overhaul…
DP World Adds 5,000 TEU Vessel to Red Sea-India Trade Route
DP World has expanded its fleet with the acquisition of the DP World Chennai, a 5,000+ TEU container vessel. Deployed on the Red Sea Gulf–India service, the ship recently made…