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…
Maersk Expands Southern Brazil Logistics with New Inland Facilities
Maersk has announced major investments in new strategic inland facilities in Rio Grande and Paranagua, significantly expanding its logistics network across Southern Brazil. These developments aim to support the rising…
HMM Launches New MA2 Service Connecting Mediterranean and West Africa
HMM has officially announced the launch of its new Mediterranean West Africa Service (MA2), set to begin operations in July 2026. This new route is a core piece of HMM’s…
Port of Antwerp Bruges CEO Jacques Vandermeiren Steps Down
acques Vandermeiren has officially stepped down as Chief Executive Officer of the Port of AnJtwerp Bruges, concluding an eight year tenure that began in January 2017. According to the Board…
Fincantieri Secures $2.3 Billion Order for Three Princess Cruise Ships
Italian shipbuilder Fincantieri has confirmed a massive new contract with Carnival Corporation’s Princess Cruises. Valued at over $2.3 billion (€2 billion), the order includes the construction of three new large…
US Enforces Maritime Blockade on Iranian Ports: 9 Vessels Turned Back
The United States maritime blockade of Iranian ports is continuing to hold. According to US Central Command (CENTCOM), forces have successfully turned back nine vessels within the first 48 hours…
AD Ports Group Explores Investment in Romania’s Port of Constanta
AD Ports Group has officially signed a framework agreement with the National Company Maritime Ports Administration SA to explore new investment and development opportunities at the Port of Constanta in…
Japanese Delegation Explores Shipbuilding Investments at DPA Kandla
A high level Japanese delegation recently met with the Chairman of the Deendayal Port Authority (DPA) in Kandla to explore new avenues for collaboration in shipbuilding and ship repair. This…
BNSF and Metra Extend Chicago to Aurora Rail Service for 10 Years
BNSF Railway and Metra have officially signed a new agreement to extend commuter rail services on the BNSF Line in the Chicago area. This deal secures long term operational continuity…
WPU to Build 80,000 Tonne Plastics Recycling Facility at Port of Rotterdam
WPU, the plastics recycling division of the energy and commodities group Vitol, has announced plans to build a new chemical recycling plant at the Port of Rotterdam. The facility will…
MSC Ownership Transfer: Aponte Family Secures Next Generation Leadership
Mediterranean Shipping Company (MSC) has officially announced the transfer of ownership from its founder, Captain Gianluigi Aponte, to his children, Diego Aponte and Alexa Aponte. Executed during the last quarter…