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…
Ocean Alliance Adds Direct JAXPORT to Asia Container Service
The Ocean Alliance is expanding its US Southeast footprint with a new direct container service connecting the Jacksonville Port Authority (JAXPORT) to major Asian markets. The weekly Chesapeake Bay Express…
CK Hutchison Files Arbitration Against Maersk Over Balboa Terminal Takeover
Hong Kong-based conglomerate CK Hutchison has initiated arbitration proceedings against Danish shipping giant A.P. Moller-Maersk. The conflict centers on the takeover of vital port infrastructure near the Panama Canal, escalating…
Maersk Increases Emergency Contingency Surcharge for India to Europe Freight
Maersk has officially announced an increase to its Emergency Contingency Surcharge (ECS) for shipments moving from the Indian Subcontinent to North Europe and the Mediterranean. This rate update specifically impacts…
DP World Connects Sendai and the Philippines with Weekly JP8 Shipping Service
DP World has strengthened supply chain efficiency between Japan and the Philippines by supporting a new direct maritime link. This route is primarily being utilized by Ichijo Komuten Co., Ltd.,…
Maersk introduced PSS for US Gulf to South America’s West Coast
Maersk has introduced PSS for US Gulf to the West Coast of South America, effective from 6 May 2026 until further notice. The surcharge will apply to cargo moving from…
KEZAD Group Secures AED 147 Million for Abu Dhabi Logistics Projects
KEZAD Group has officially announced five new industrial and logistics projects across its KEZAD Al Ain and KEZAD Al Ma’mourah zones in Abu Dhabi. Backed by a combined investment of…
Indian Navy Commissions INS Taragiri Stealth Frigate in Visakhapatnam
The Indian Navy officially commissioned its latest stealth frigate, the INS Taragiri, in Visakhapatnam. The vessel is the fourth platform in the Project 17A class and will join the Eastern…
Djibouti Ship Repair Yard Opens East Africa’s Largest Maritime Facility
Djibouti officially inaugurated the new Djibouti Ship Repair Yard (DSRY) on April 4, marking a major milestone for the regional maritime economy. The facility is now the largest ship repair…
Iran Refuses to Reopen Strait of Hormuz Amid US Ceasefire Talks
Iran has formally rejected proposals to reopen the Strait of Hormuz as part of a temporary ceasefire framework with the United States. According to Reuters, the refusal comes despite ongoing…
Hitachi Rail Acquires Clever Devices to Expand North American Transit Tech
Hitachi Rail has agreed to acquire US based Clever Devices, a move designed to significantly expand its footprint as a global digital mobility provider. This acquisition strengthens Hitachi Rail’s market…