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 Launch Electric Container Barge Service on Rhone River
CMA CGM is pushing forward with a plan to decarbonize the corridor between Marseille-Fos and Lyon. The shipping giant has announced a new electric container barge service on the Rhone…
Tallink Swaps LNG for Liquefied Biomethane: Aiming for 100% Green Transport
Tallink’s shuttle ships on the busy Tallinn Helsinki route are making a rapid shift toward cleaner fuel. The company recently reported that in January, 74% of the fuel used by…
Sallaum Lines Takes Delivery of LNG-Fueled PCTC ‘Ocean Legacy’
Global RoRo operator Sallaum Lines has officially taken delivery of the MV Ocean Legacy. This new Pure Car and Truck Carrier (PCTC) is the latest addition to the company’s “Ocean…
GenLogs Raises $60M Series B to Combat Cargo Theft with AI Sensors
GenLogs, a startup tackling the massive issue of cargo theft and fraud, has secured $60 million in Series B funding. The round was led by Battery Ventures, bringing the company’s…
Valenciaport Launches ‘CustomAI’ Project to Speed Up Border Inspections
Fundacion Valenciaport has launched CustomAI, a new initiative designed to upgrade how customs inspections work. In collaboration with the Spanish Tax Agency (AEAT), the Guardia Civil, and 18 other European…
China – World’s No. 1 Shipbuilder with Record 2025 Order Book
For the 16th consecutive year, China has retained its title as the world’s leading shipbuilding nation. New figures released by the Ministry of Industry and Information Technology mentions the country…
Maersk to Cut 1,000 Corporate Jobs Amid Freight Rate Slump
Maersk confirmed on Thursday that it will lay off 1,000 corporate employees. The move is a direct response to deteriorating freight rates and the “gradual reopening” of Red Sea routes,…
Chattogram Port Strike Paralyzes Trade: Export Backlog Hits 10,000 Containers
Operations at Bangladesh’s main maritime gateway, Chattogram Port, remained paralyzed yesterday. The ongoing work stoppage has brought movement to a crawl, and the export sector is taking the hardest hit.…
SAIL Signs MoU with RITES to Optimize In-Plant Rail Logistics
Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with RITES to overhaul logistics across its plants and mines. SAIL runs a dedicated mini-rail network within…
Anglo-Eastern Cadet Sarthak Mohapatra Reported Missing at Sea
The maritime community is facing a distressing situation today. A young deck cadet from Bhadrak, Odisha, has gone missing while on duty in the Indian Ocean. Sarthak Mohapatra, serving with…