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…
New SANY Dubai Hub Goes Live, Covering 82 Middle East & Africa
SANY Group officially commenced operations at its regional supply center in Dubai following the successful arrival of the first shipment of core equipment on January 11. The center will provide…
Fjord Havn launches Belize Haiti feeder connection
US-based Fjord Havn Feeders has launched a new feeder service.It links the hub of Kingston with Belize and Haiti, operating with a frequency of one sailing every ten days. The…
Mega-Ship CMA CGM SEINE Completes Maiden Suez Canal Transit
The Suez Canal witnessed the transit of mega container ship CMA CGM SEINE during its maiden voyage. The vessel, one of the largest container ships in the world, crossed as…
Maersk Opens New 165,000 Sq Ft Ground Freight Facility in Fontana
A.P. Moller-Maersk (Maersk) has opened a new Ground Freight facility in Fontana, California, reinforcing its commitment to integrated logistics solutions across North America. The 165,000 square-foot site is strategically located…
Indian Greenfield Terminal Orders Two Konecranes RMG
This new greenfield terminal has secured its rail handling capabilities. In Q3 2025, the facility will install 30 Konecranes RTGs to build its operating foundation. To support this, the terminal…
PSA Singapore and MOL Launch Ro-Ro Terminal Joint Venture to Boost Singapore Auto Logistics
PSA Singapore and Mitsui O.S.K. Lines have announced the formation of a joint venture Ro-Ro terminal in Singapore. The partnership aims to enhance operational quality and unlock greater synergies in…
FMC Fines MSC $22.67M for Demurrage, Detention and Reefer Tariff Violations
The U.S. Federal Maritime Commission (FMC) has fined MSC Mediterranean Shipping Company a total of $22.67 million, closing an enforcement case tied to multiple Shipping Act violations. The FMC said…
MSC Implements Surcharge on Cargo from India & Middle East to Dar es Salaam
MSC (Mediterranean Shipping Company) has announced the introduction of a Peak Season Surcharge on containerized cargo moving from the Middle East, Pakistan, India, Sri Lanka, and Bangladesh to Dar es…
Lufthansa Cargo A321 Expansion:Rome & Algiers Freighter Routes
Lufthansa Cargo is expanding its short and medium haul A321 freighter network with new stops in Europe and Africa. First, Rome-Fiumicino joins the regular schedule on 7 February 2026. Lufthansa…
CNC Upgrades JTX Service: Faster Japan-Cambodia Container Shipping
CNC has upgraded its JTX service, delivering faster transit times, improved schedule reliability, and stronger regional connectivity for containerized cargo across Northeast and Southeast Asia. A key enhancement is the…