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…
Singapore gets All-Electric Light Cargo Transfer Vessel
Hydromover 2.0, an all-electric light cargo transfer vessel designed by Incat Crowther for Singapore’s marinEV, a business of Yinson GreenTech, has officially entered service in Singapore. Building on the success…
MSC joins partnership to expand large port in Libya
Swiss-Italian shipping giant MSC invests $2.7 billion capital in Libyan port of Misrata. Libyan authorities have announced a strategic partnership deal with a Qatari fund and Swiss-Italian shipping giant MSC’s…
Brazil’s LPG exports/imports just got a quiet logistics boost
Petrobras and Transpetro are contracting five gas carrier ships, in addition to 18 barges and 18 pushboats, for a total investment of approximately $520M. All vessels will be operated by…
Maersk revises peak season surcharge from Pakistan
Maersk revised its Peak Season Surcharge (PSS) applicable to cargo moving from Pakistan to the United States and Canadian East Coast and Gulf ports. The revised surcharge will apply to…
DP World’s Callao Terminal Handled 2 million containers
The story that began last year, 2024, with 400 million dollar bicentennial pier has changed the Palau Terminal in Peru. DP World has achieved a historic milestone at its port…
China Begins Issuing Rare Earth Magnet Export License to India
China has begun issuing licences to import rare-earth magnets (REMs) into India, offering some relief to Indian automobile and electronics manufacturers who have been facing supply disruptions for months. China…
Mega CMA CGM Container ship returns in Suez Canal
After 2 2-year absence, the Suez Canal has recorded the mega transit of the Container ship CMA CGM JACQUES SAADE. THE LNG-powered vessel transited the canal carrying 154,000 tonnes of…
$13.5m contract for UK Royal Navy Mine Counter Measures operations
Thales has secured a contract worth £10m ($13.5m) from UK government-owned entity Defence Equipment and Support to design, develop, and supply new autonomous command centres for the Royal Navy’s Mine…
Adani Hazira Port gets Advanced Traffic Signal light system
Adani Hazira Port has successfully commissioned a new Traffic Signal Light System As an effort to strengthen safety, streamline traffic movement, and improve overall operational efficiency within the port premises.…
Did Tanker Market saw a SlowDown ?
The tanker market supply saw an interesting slowdown in ordering activity in 2025. Over the first 11 months, there were 231 orders of crude and product tankers over 25k dwt,…