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…
Circle Invests €1.5M to Digitize Inland Terminals in Southern Europe
Circle S.p.A. (CIRCLE) has started a €1.5 million (about $1.8 million) program with a major European partner to modernize operations at key inland terminals in Southern Europe. The focus is…
Skarv Shipping Orders World’s First Vessel with Wartsila Ammonia Engine
A Norwegian cargo ship has been confirmed as the first vessel to use Wartsila’s new 25 Ammonia engine. Scheduled to enter service in summer 2027, the ship is positioned as…
SCI, CONCOR & JNPA Form New National Carrier: Bharat Container Line
A group of state-owned companies and major port authorities has launched Bharat Container Line, a new initiative aimed at strengthening India’s control over its container shipping. The goal is to…
Adani & Embraer Partner to Manufacture Regional Jets in India
Adani Group and the Brazilian aerospace manufacturer Embraer announced a strategic partnership to produce regional transport aircraft within India. This venture represents a significant expansion for the conglomerate, which already…
China & Denmark Renew Green Maritime Pact: Focus on Zero-Carbon Fuels
China and Denmark renewed a memorandum of understanding on cooperation in green maritime technology and shipbuilding during a meeting between the two nations’ industry ministers in Beijing on Tuesday, China’s…
China jus launched World’s Largest Car Carrier: 10,800 CEU LNG Dual-Fuel
Beijing’s shipbuilding industry has achieved a new milestone by building a new LNG dual-fuel car carrier, with a capacity for 10,800 cars, the largest in the world currently. Constructed by…
Teledyne Marine Delivers Four GAVIA AUV Systems to the Swedish Defense Materiel Administration
Teledyne Marine, a leading marine equipment manufacturer, has delivered four Gavia AUVs (autonomous underwater vehicles) to the Swedish Defence Materiel Administration/ Försvarets materielverk (FMV). It is part of a multi-year…
Maersk appoints Company Stalwart Charles van der Steene as Managing Director for IMEA region
A.P. Moller – Maersk has appointed Company Stalwart Charles van der Steene as its new Regional Managing Director for the Indian Subcontinent, Middle East & Africa (IMEA), effective 1 January…
First Tanker Carrying Venezuelan Heavy Oil Heads to Louisiana, First of 50-Million-Barrel Supply Deal
A crude tanker chartered by Trafigura, part of a 50-million-barrel supply deal agreed to this month between Caracas and Washington, departed on Sunday from Venezuela’s Jose port to the Louisiana…
GMS Acquires First New Jack-Up Vessel in 10 Years
Gulf Marine Services (GMS), a specialist provider of jack-up support vessels for the offshore energy sector, is adding a new mid-sized, self-propelled, self-elevating support vessel to its fleet its first…