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…
India-Europe Trade: Adani Ports Partners with Port of Marseille Fos
Adani Ports and Special Economic Zone Ltd (APSEZ) and the Port of Marseille Fos have signed a strategic Memorandum of Understanding (MoU). The agreement aims to deepen cooperation on trade…
FedEx Invests ₹2,500 Crore in Automated Cargo Hub at Navi Mumbai Airport
FedEx and Navi Mumbai International Airport (NMIA) have trail blazed on a fully automated air cargo hub. Backed by a ₹2,500 crore long-term investment, the facility is being developed in…
CMA CGM and Cochin Shipyard Sign Contract for 6 LNG Container Ships
Global shipping giant CMA CGM has officially signed a contract with Cochin Shipyard Limited (CSL) to construct six 1,700 TEU LNG-fueled feeder container vessels. The contract was formalised during a…
Maersk Increases Peak Season Surcharge from China to Kenya
Maersk is revising its Peak Season Surcharge (PSS) for containerized cargo moving from China and Hong Kong to Kenya. The new rates, which take effect on March 2, 2026, are…
GetJet Airlines Secures Long-Term ACMI Contract with Eurowings
GetJet Airlines has formalized a long-term ACMI (Aircraft, Crew, Maintenance, and Insurance) partnership with Eurowings, a subsidiary of the Lufthansa Group. The agreement was successfully finalised following a highly competitive…
Eli Lilly Invests $1 Billion in India to Boost Pharma Exports
Eli Lilly and Company is set to channel $1 billion into expanding its contract manufacturing operations in India. The U.S. drugmaker aims to position the country as a critical manufacturing…
CMA CGM Announces Surcharges for Cote d’Ivoire and Med-Canada Routes
CMA CGM has announced two separate pricing adjustments aimed at managing regional equipment flows and maintaining service reliability. These updates include an Equipment Imbalance Surcharge (EIS) for West Africa and…
ZIM Workers Strike Halts Operations at Haifa and Ashdod
Unionized employees at ZIM Integrated Shipping Services have escalated their industrial action to a full strike, effectively halting operations across the company. The walkout follows the confirmation of a planned…
AD Ports Group Signs Agri Logistics MoU with BUA and MAIR
AD Ports Group, BUA Group, and MAIR Group have signed a Memorandum of Understanding (MoU) to explore joint ventures in food processing and integrated logistics. The partnership aims to establish…
JNPA Signs MoU with Marseille Fos to Boost India-Europe Trade
The Jawaharlal Nehru Port Authority (JNPA) has signed a Memorandum of Understanding (MoU) with Grand Port Maritime de Marseille Fos (GPMM), marking a significant step in India–Europe maritime cooperation. The…