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…
CMA CGM to Deploy OneWeb LEO Connectivity on 300+ Vessels
CMA CGM Group has announced a major partnership with Marlink and Eutelsat to overhaul the internet connectivity across its global fleet. Under the new multi-year agreement, the shipping giant will…
Maersk Orders Eight 18,600 TEU Dual-Fuel Vessels from New Times Shipbuilding
A.P. Moller – Maersk has officially signed a contract with China’s New Times Shipbuilding for eight new large containerships. While the order continues their fleet renewal program The vessels will…
Klaipeda Port Unveils €775M Investment Plan: Southern Port Expansion
The Klaipeda Port Authority has announced a massive €775 million investment plan over the next four years to increase capacity and modernise infrastructure.Last year, the port handled 39 million tonnes…
Shadow Fleet Crackdown: Two Venezuelan Tankers Detained in Dutch Caribbean
As Venezuela resumes its oil trade under U.S. management, the industry is discovering that old habits die hard. State oil company PDVSA has started shipping cargoes again, often using the…
BLR Airport Partners with Menzies Aviation for Operations Deal
Bangalore International Airport (BIAL) has secured a major partner for its ground operations, signing a 15-year license agreement with Menzies Aviation. Under this new long-term deal, Menzies Aviation will take…
MacGregor Wins Deal for 400-Tonne AHC Crane on New Floating Wind Vessel
MacGregor has secured a contract to supply a high-spec, 400-tonne Active Heave Compensated (AHC) subsea crane. The equipment is destined for a new 127-meter Floating Wind Farm Construction Vessel (FWCV),…
Indian Coast Guard Busts Three Iran-Linked Shadow Fleet Tankers
On Friday, the Indian Coast Guard (ICG) executed a coordinated raid 100 nautical miles west of Mumbai, busting three tankers allegedly running an Iranian oil “smuggling racket. The interception happened…
French PE Firm Antin Buys US Ship Repair Giant Vigor
Vigor Marine Group, one of the most critical names in US ship repair, has a new owner. French private equity firm Antin Infrastructure Partners has reached an agreement to buy…
Transpetro Orders 4 Methanol-Ready Tankers with Kongsberg
Kongsberg Maritime will design and equip four methanol/ethanol-ready handy-size tankers for Transpetro. The vessels will be built by Consorcio Marenova in Rio Grande and Niteroi, Brazil. Around $31M contract covers…
Construction Begins on $130M Hobart Wharf to Solve Nuyina Refueling Crisis
Australia is finally building a proper “driveway” for its flagship Antarctic icebreaker, the RSV Nuyina. Following a funding agreement of US$130.6 million from the federal government, work has officially commenced…