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…
AD Ports Group Invests in Port of Douala Dry Bulk Terminal
AD Ports Group has officially joined a 30-year concession to develop and operate a new dry bulk terminal at the Port of Douala, Cameroon. This partnership with Africa Ports Development…
New Maersk Surcharge:Asia to India, Nepal & Sri Lanka
Maersk has announced a new Peak Season Surcharge (PSS) for cargo moving from key Asian origins to destinations in India, Nepal, and Sri Lanka. The surcharge is effective February 25,…
Maersk Peak Season Surcharge revised Far East to Middle East
Maersk has confirmed an update to its Peak Season Surcharge (PSS) for cargo moving from the Far East to the Middle East. The new surcharges will go into effect on…
MSC Launches ‘Firehorse’ Service: New China-Singapore-Indonesia Link
MSC is aggressively expanding its footprint in Asia’s busiest corridors. The carrier has announced the launch of Firehorse, a new service designed to strengthen the critical trade lane connecting China,…
Suez Comeback: Largest Maersk Ship in 2 Years Transits Canal
The Suez Canal just saw a significant milestone: the transit of the Astrid Maersk. This isn’t just another ship passing through; it is the largest Maersk container vessel to use…
Pan Ocean Buys 10 VLCCs from SK Shipping in $694M Deal
South Korean private equity giant Hahn & Company is making a major move in the tanker market. The firm has agreed to sell 10 Very Large Crude Carriers (VLCCs) from…
CMA CGM Announces Electric Barge Service for Fos-Lyon Corridor
CMA CGM is making a concrete move to clean up the Fos-Lyon corridor. The shipping giant is preparing to launch a new electric inland barge service designed to take cargo…
MTN Signs Deal to Resell Amazon Leo Satellite Internet for Maritime
MTN, a pioneer in Low Earth Orbit (LEO) technology, has finalized a major agreement to become an authorized reseller of Amazon Leo (Amazon’s satellite internet service). This deal opens the…
Transocean Acquires Valaris for $6 Billion to Create World’s Largest Driller
Transocean has struck a deal to acquire competitor Valaris in a $6 billion stock transaction.It effectively creates the largest offshore drilling contractor on the planet, with a combined enterprise value…
India Boosts Maritime Safety: ₹364 Cr Approved to Monitor 1 Lakh Fishing Vessels
The Government of India has officially approved a ₹364 crore plan to modernize the country’s fishing fleet. Under the Vessel Communication and Support System (VCSS), 100,000 mechanised and motorized fishing…