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…
Imabari Delivers UM MINAMI: New 52K DWT Chemical Tanker
Imabari Shipbuilding Co, Ltd. has officially delivered the UM MINAMI, a new 52,000 deadweight ton (DWT) product and chemical tanker constructed at the Minaminippon Shipbuilding yard. The UM MINAMI is…
UK Sells Decommissioned HMS Enterprise to Bangladesh Navy
The United Kingdom has officially sold the decommissioned Royal Navy survey ship, HMS Enterprise, to the Bangladesh Navy. Following a government-to-government agreement, the vessel will return to active service after…
Adani Logistics and RIL Collaborate on North India Petroleum Hub
Adani Logistics Limited (ALL), a subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), has signed a strategic agreement with Reliance Industries Limited (RIL). The partnership aims to upgrade…
Sallaum Lines Adds Two 7,500-CEU LNG Car Carriers to Fleet
Sallaum Lines has officially taken delivery of two new LNG dual-fuel Pure Car and Truck Carriers (PCTCs), marking a major expansion of its Ocean Class fleet. Both next-generation vessels are…
GTT Secures Tank Design Order for Two Samsung LNG Carriers
GTT has announced a new contract, secured in the first quarter of 2026, to provide the tank design for two new Liquefied Natural Gas Carriers (LNGCs). The vessels will be…
DP World and APMT partner at Jeddah terminal
DP World and APM Terminals (APMT) have established a strategic partnership at the Southern Container Terminal in Saudi Arabia’s Jeddah Islamic Port. Under the newly announced agreement, APMT will acquire…
Kongsberg Discovery Upgrades Listen Electromagnetic Sensor System
Kongsberg Discovery has announced a major upgrade to its Kongsberg Listen electromagnetic sensor system. The update is designed to improve inspections, surveys, and data collection in complex underwater environments across…
MSC Updates March 2026 Freight Rates from India and Pakistan to Europe
MSC has released its updated freight rates for container shipments moving from India and Pakistan to Europe. The revised pricing takes effect from March 1, 2026, through March 31, 2026,…
Synergy Advanced Metals Signs PLI MoU for Specialty Steel
Synergy Advanced Metals (SAML) has signed four Memoranda of Understanding (MoUs) with India’s Ministry of Steel. This agreement formally integrates the company into the Production-Linked Incentive (PLI) Scheme for Specialty…
MOSOLF Opens New Vehicle Logistics Terminal at Port of Oostende
MOSOLF Port Logistics & Services (MPLS) has officially launched a new terminal at the Port of Oostende. This strategic move strengthens the company’s North Sea presence, adding critical capacity for…