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…
YEIDA Developing 175-Acre Apparel Park Near Noida International Airport
The Uttar Pradesh government is developing an apparel park spread across 175 acres in Sector 29 under the Yamuna Expressway Industrial Development Authority (YEIDA), a project expected to house around…
MSC Drops Malaga from Med-Canada & St. Lawrence Service
MSC has removed Malaga from the port rotation of its Mediterranean Canada/St. Lawrence Seaway service. The service is operated with six vessels averaging around 4,000 TEU in capacity. Following the…
France Detains Captain of Shadow Fleet Tanker ‘Grinch’ in Marseille
The captain of an oil tanker intercepted by the French navy has been detained under investigations into whether it was operating under a false flag, the Marseille prosecutor’s office said…
FESCO Adds Qinzhou to China Direct Line (FCDL-1) Service
FESCO has extended its FESCO China Direct Line (FCDL-1) service by adding a northbound call at the southern Chinese port of Qinzhou, according to Dynaliners. The weekly service is operated…
Alphaliner to Host KOBC’s KCCI Index, Tracking Korea Freight Rates
AXSMarine, a pioneer and market leader in advanced solutions for shipping professionals and parent company of Alphaliner a leading provider of in-depth analysis for the liner shipping industry, announced the…
HYDS to Build Green Hydrogen Electrolyser at Port of Gothenburg
The Norwegian hydrogen company Hydrogen Solutions plans to build a hydrogen electrolyser and thereby establish production of green hydrogen at the Port of Gothenburg. The investment strengthens the port’s role…
PIL Signs LOI for Eight 13,000 TEU LNG Dual-Fuel Vessels
Pacific International Lines (PIL) has signed letters of intent with two shipyards for the construction of a total of eight 13,000 TEU LNG dual-fuel container vessels. If confirmed, the order…
SITC Adds Tianjin, Yangon & Ho Chi Minh to CBX2
SITC has expanded the port rotation of its CBX2 service with the addition of Ho Chi Minh (northbound), Tianjin and Yangon. Tianjin and Yangon had previously been removed from the…
Metrostar Returns to Container Shipping with Feeder Buy
Greek tanker owner Metrostar Management Corp, backed by Theodore Angelopoulos, is re-entering the container shipping sector.Metrostar has acquired two 1,296 teu container vessels from compatriot Contships Management the Contship Eve…
Eimskip Drops Rotterdam from Yellow Line After Just 5 Months
Eimskip has removed Rotterdam from its North Europe–Faroe Islands–Iceland Yellow Line service, just five months after the port was added to the rotation. Following the change, the service will be…