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…
US Treasury Sanctions 9 Vessels in Iran’s ‘Shadow Fleet’
The United States on Friday imposed sanctions on nine vessels of what is known as the shadow fleet and eight related firms, the U.S. Treasury Department said, as the Trump…
Europe Pledges 300GW Offshore Wind Expansion Despite Trump Criticism
European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green…
Austal Launches Final Guardian Class Patrol Boat, Completing Pacific Fleet
Ausral has launched Hull 544, the final Guardian-class patrol boat built for Defence Australia’s Pacific Patrol Boat Replacement Project. This vessel is the last in a programme that began in…
Cabo Verde secures €148M for major port expansion and shipyard modernization
The European Union and the European Investment Bank’s development arm, EIB Global, have signed a €34 million investment grant to support the rehabilitation and expansion of Cabo Verde’s main ports…
Riyadh Air launches Riyadh Cargo: A new global hub for pharma, e-commerce, and industrial freight.
Riyadh Cargo has been established as a fully integrated business unit within Riyadh Air’s commercial structure.Operating from Riyadh’s King Khalid International Airport (RUH), Riyadh Cargo is designed to support the…
DHL launches TRUCKAIR: A faster, cost-effective route for bulky China-Europe freight.
DHL Global Forwarding, the air and ocean freight specialist of DHL Group, has recently launched TRUCKAIR, a new cost-efficient multimodal service designed to support large-volume and bulky shipments moving between…
Saudi’s Ras Al-Khair Port new $37M deal with Singatac Arabia
The Saudi Ports Authority (Mawani) has signed a contract with Singatac Arabia to establish a manufacturing centre for offshore structures and platforms at Ras Al-Khair Port, serving the oil and…
NHAI and Konkan Railway just signed a 5-year deal for building multimodal freight hubs
NHAI and Konkan Railway sign a five-year pact to build integrated transport logistics and multi-modal freight hubs. National Highways Authority of India and Konkan Railway Corporation have entered into a…
Indonesia will auction the seized Iranian-flagged VLCC MT Arman 114 with its cargo on Jan 30
Indonesia’s Attorney General’s Office has announced that it will auction the Iranian-flagged oil tanker MT Arman 114 along with its cargo of light crude oil on 30 January. The decision…
ONE launches new inland trucking services in Thailand
Ocean Network Express (ONE) has launched a new inland trucking service in Thailand, expanding its logistics offering with an integrated end-to-end solution for both import and export containers. The new…