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…
Israel approved $35 billion natural gas export deal
A multibillion-dollar agreement for the export of natural gas from Israel to Egypt. NewMed Energy (45.3% working interest), Chevron (operator, 39.7%) and Ratio (15%) have received approval for their Leviathan…
French Frigates Seize $142 Million in Drugs in Arabian Sea
Two French Navy frigates operating under the Saudi-led Combined Task Force have intercepted more than 150 $142 million worth of illicit drugs from multiple vessels in the Arabian Sea, marking…
Adnai ports completes acquisition of Australia’s North Queensland export terminal
The acquisition was completed through a share-based arrangement, enabling APSEZ to add the asset without significant immediate cash outflow. NQXT is characterised by stable, long-term contracts and strong operating margins,…
22M Grant To Egypt For Building First Of Its Kind Dive Support Vessel For Suez Canal
Japan will provide Egypt a grant worth EGP 1 billion (USD 22 million) to finance the construction and delivery of a first-of-its-kind Dive Support Vessel (DSV) for the Suez Canal…
Reef Grounding Caused Australian Cruise Ship to be Detained in Papua New Guinea
Australian-flagged cruise ship Coral Adventurer remains stuck on the coast of Papua New Guinea after running into a reef early Saturday morning, with Australian authorities detaining the vessel over seaworthiness…
Philippine Navy gets 2 more 3,200 ton frigates from HD HHI
South Korean shipbuilding major HD Hyundai Heavy Industries (HHI) has signed a contract to deliver two 3,200-ton frigates to the Philippine Navy Since 2016, HHI has delivered two frigates and…
one million containers handled by DP world’s Port of Sokhna
DP World’s port of Sokhna handled a record one million containers, making its position a key gateway for Egypt’s global trade. Strategically located on the Red Sea, the port of…
Arctic Shipping Lane Sees Surge in ‘Shadow Fleet’ Traffic
Russia’s Arctic shipping lanes have become a corridor for the global shadow fleet of sanctioned oil and LNG tankers, raising safety, environmental, and geopolitical concerns. 2025, nearly one-third of vessels…
UK C-130J deal with Turkey as £550m export deal
Britain has highlighted the Turkey C-130J programme as part of its record defence export performance, presenting a £550m figure contract value. The UK Government has included the Turkey C-130J Hercules…
Indian Engineering goods exports top (US$ 11 billion) in November
India’s exports of engineering goods amounted to Rs. 99,550 crore (US$11.03 billion) in November, showing massive growth in exports to the United States and Europe as well as a continuation…