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…
DG Shipping just launched an online portal for the Shipbuilding Financial Assistance Scheme (SBFAS)
The Directorate General of Shipping (DG Shipping) has launched the online portal for the Shipbuilding Financial Assistance Scheme (SBFAS). The digital platform is now live and is expected to streamline…
CMA CGM just hit 400 owned vessels with the Monte Cristo
The CMA CGM Group recently received its 400th owned vessel, the CMA CGM Monte Cristo, the first in a series of six methanol container ships.This key milestone reflects the Group’s…
MSC revises NWC UK–Greece & Türkiye service rotation
MSC has announced a revised port rotation for its Northwest Continent (NWC) UK service connecting Greece and Türkiye. The Revised port rotation will be: Liverpool – Antwerp – London Gateway…
MSC announces new EU Freight Rates from India and Pakistan
Mediterranean Shipping Company, also known as MSC, has announced new freight rates for cargo moving from India and Pakistan to Europe. These new rates will apply from 9 February 2026…
New shipyard to come up at Ponnani port in Kerala
Ponnani Port is set to get a 29-acre shipyard on the western side of the Ponnani Fishing Harbour, the second shipyard after Kochi, under a public-private partnership model. The shipyard…
ColdStar signed a long-term deal to run abCoffee’s cold + ambient supply chain across Mumbai, Delhi, Bengaluru.
ColdStar Logistics, India’s leading temperature-controlled supply chain solutions provider, has entered into a long-term partnership with abCoffee, India’s leading Grab and Go coffee brand. As part of this collaboration, ColdStar’s…
Echo Global Logistics is acquiring ITS Logistics, bringing their combined revenue to $5.4B
Chicago-based Echo Global Logistics announced that it has signed a definitive agreement to acquire Reno, Nevada-headquartered ITS Logistics, one of North America’s fastest-growing third-party logistics (3PL) providers. The deal, announced…
DP World now manages over half of the UK’s container market
London Gateway has cemented its position as one of Britain’s fastest-growing container ports, handling over 3 million TEU in 2025 a remarkable 52% increase from the previous year’s 1.9 million…
Shipping Giant CMA CGM Reroutes Ships Around Suez Canal Amid Global Uncertainty
French container shipping company CMA CGM has announced it will reroute vessels on three of its services via the Cape of Good Hope, citing a “complex and uncertain international context.”…
RIKON just landed its first African contract
RIKON has secured its first contract on the African continent. The company won an international tender to transport a Double Jib Level Luffing crane, one of its core products. The…