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…
China Begins Sea Trials for World’s Largest Electric Containership (740 TEU)
China’s first 10,000-ton electric containership has officially begun its sea trials. Named the Ning Yuan Dian Kun, the vessel is being hailed as the largest of its kind and a…
MSC announces freight rates from Far East to Northern Europe, the Mediterranean, and Black Sea
MSC Mediterranean Shipping Company announces new freight rates from all Far East ports (including but not limited to ports in Japan, Korea, and Southeast Asia) to Northern European and Mediterranean…
Maersk Cancels Asia-Latin America Sailings (ASAS2) for Feb & April
Maersk has announced a schedule adjustment on its Asia–East Coast Latin America (ASAS2) service. The carrier is removing sailings to align with the traditional dip in demand caused by the…
Texas GulfLink Secures License for 1 Million Barrel Per Day Offshore Terminal
The U.S. Department of Transportation has officially approved a license for Texas GulfLink to build a deepwater crude oil export terminal off the Texas coast. This is a significant milestone…
Historic First: Cavotec Powers Europe’s First Car Carrier Shore Connection
Cavotec has supported a major milestone in European port electrification. For the first time ever, a car carrier at a European port has successfully connected to shore power. The event…
AD Ports Signs Deal to Develop Multipurpose Terminal at Matadi Port (DRC)
AD Ports Group has officially signed a Heads of Terms (HoT) agreement to develop and operate a multipurpose terminal at Matadi Port in the Democratic Republic of Congo (DRC). The…
Maersk and Hapag-Lloyd to route one Gemini service through Red Sea and Suez Canal
Maersk and Hapag-Lloyd have decided to reroute one of their jointly operated services under the Gemini Cooperation through the Red Sea and the Suez Canal, marking a limited return to…
US Coast Guard Confirms $323M Expansion for Seattle Icebreaker Base
The US Coast Guard is doubling down on Seattle. The service has confirmed plans to invest $323 million to expand and modernise its Seattle base, cementing the city’s role as…
Valenciaport Installs New EES & ETIAS Border Control Center
Valenciaport has taken a major step toward modernizing its border control.the port received the new infrastructure module that will serve as a support point for the Ministry of Interior. Installation…
Maersk Announces Blank Sailings on NEOBOSSANOVA & NEOSAMBA
Bad Weather Hits the Schedule: Maersk Adjusts South America Loops Maersk has confirmed blank sailings on its NEOBOSSANOVA and NEOSAMBA services, which connect East Coast South America with Europe. Due…