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…
Synergy Marine Group Takes Technical Management of MAERSK FINISTERRE
Synergy Marine Group has expanded its portfolio of sustainable maritime assets by adding the MAERSK FINISTERRE to its technical management fleet. Owned by NKS Canopus (part of the Nissen Kaiun…
Kongsberg Maritime and PT PAL Sign MoU for Energy-Efficient Ships
Kongsberg Maritime has signed a Memorandum of Understanding (MoU) with PT PAL Indonesia, the country’s largest state-owned shipyard, to collaborate on energy efficient and low emission maritime solutions. This partnership…
Liebherr to Supply 500-Tonne Capacity LS 250 Cranes to Hartman Seatrade
Hartman Seatrade is upgrading its project cargo capabilities by outfitting its newest vessels with two LS 250 heavy lift ship cranes supplied by Liebherr. Each Liebherr LS 250 crane can…
Fincantieri Delivers €400M Four Seasons I Luxury Cruise Ship
Fincantieri has officially delivered the Four Seasons I from its Ancona shipyard. As the first of two ultra luxury cruise ships ordered for the Four Seasons hotel and lifestyle brand…
Mitsubishi Shipbuilding Delivers First Ammonia Fuel Systems to J-ENG
Mitsubishi Shipbuilding Co, Ltd., part of the Mitsubishi Heavy Industries (MHI) Group, has officially shipped its first ammonia fuel supply system (AFSS) and ammonia gas abatement system (AGAS). The units…
Ocean Network Express (ONE) Appoints Till Ole Barrelet as New CEO
Ocean Network Express Pte. Ltd. (ONE) has announced a major leadership transition. Till Ole Barrelet will officially succeed founding CEO Jeremy Nixon on July 1, 2026. To ensure a smooth…
PIL Secures Unified Foreign Investor License for Saudi Ports
The Saudi Ports Authority (Mawani) has officially issued a unified license to PIL, formally recognizing the shipping line as an authorized foreign investor within the Kingdom’s port network. Issued under…
CMA CGM Announces New Overweight and FAK Surcharges for March 2026
CMA CGM has informed customers of several freight rate changes taking effect throughout March 2026. The updates impact three major trade corridors, involving new overweight surcharges, rate restoration initiatives, and…
AD Ports Breaks Ground on UAE’s First Private LPG Terminal at Khalifa Port
AD Ports Group and Nimex Terminals have officially broken ground on the UAE’s first private-sector LPG terminal at Khalifa Port. Initially announced in November 2025, this project marks a major…
ZIM Strike Ends: Hapag-Lloyd Agrees to $300 Million Severance Deal
The worker strike at ZIM Integrated Shipping Services has officially concluded following a breakthrough agreement with acquiring carrier Hapag-Lloyd. The resolution removes a significant internal obstacle to the planned takeover.…