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…
Port of Riga Winter Update: Fully Operational with No Restrictions
The Port of Riga has confirmed that it remains fully operational and safe for navigation, with no traffic restrictions currently in effect despite the onset of the ice navigation season.…
US Forces Board Shadow Fleet Tanker Veronica III in Indian Ocean
United States forces have boarded the Panama-flagged oil tanker Veronica III (IMO: 9326055) in the Indian Ocean. This operation marks the ninth vessel interdicted in an intensifying campaign against the…
Russian Taman Port Hit By Ukrainian Drones
Russia’s Black Sea logistics network faced significant disruption overnight as a heavy drone attack targeted the Taman seaport and surrounding infrastructure. The strike caused confirmed damage to fuel storage tanks,…
Hapag-Lloyd Confirms Talks to Acquire ZIM for $3.5 Billion
The Management Board of Hapag-Lloyd has officially confirmed that it is in advanced negotiations to acquire all shares of ZIM Integrated Shipping Services.The potential deal is valued at more than…
New MSC Air Cargo Route: Milan (MXP) to Shanghai (PVG)
MSC Air Cargo is expanding its scheduled operations with a new direct connection between Milan Malpensa (MXP) and Shanghai Pudong (PVG). The service, set to commence on March 3, strengthens…
CMA CGM Fiordland: First Large Vessel Calls at Puerto Antioquia
The CMA CGM Fiordland has successfully docked at Puerto Antioquia, marking a historic milestone as the first large container ship to call at Colombia’s newest port facility. This arrival signals…
MSC Reaches Record 21.4% Global Market Share with 7.2M TEU Capacity
Mediterranean Shipping Company (MSC) has solidified its position as the world’s largest ocean carrier, reaching a historic milestone with a total fleet capacity exceeding 7.2 million TEU.The Geneva-based giant now…
Damietta Alliance Container Terminal Launches Operations in Egypt
The Damietta Alliance Container Terminal (DACT) has officially commenced commercial operations,The new terminal welcomed its first vessel, Hapag-Lloyd’s Essen Express (13,117 TEU), on Saturday, February 14, 2026. Backed by an…
Mediterranean Shipping Update: Italy Authorizes Naval Blockades on Migrant Routes
Italy’s cabinet new migration bill that grants authorities the power to impose temporary naval blockades on vessels attempting to enter its territorial waters. Introduced by Prime Minister Giorgia Meloni’s government,…
DP World Changes Leadership Responding to Pressure Over Epstein Scandal
DP World has announced a significant restructuring of its executive leadership. On Friday, February 13, the port and logistics giant confirmed the immediate resignation of its long-time Chairman and CEO,…