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…
Hambantota Port Doubles RoRo Capacity Amid Middle East Shipping Disruptions
Hambantota International Port (HIP) is rapidly expanding its cargo capacity as global shipping volumes surge in response to ongoing disruptions in the Middle East. With ocean carriers actively diverting vessels…
SolitAir Expands Air Cargo Network to Cochin Airport in India
SolitAir has officially expanded its India cargo network by launching a new service to Cochin. This route addition brings the air freight carrier’s total operational footprint in India to five…
Strait of Hormuz: Iran Exempts Iraqi Oil Ships from Transit Restrictions
The Iranian military has officially exempted Iraq from its ongoing shipping restrictions in the Strait of Hormuz. The declaration has the potential to unleash up to 3 million barrels a…
Deendayal Port Authority Gets Rs 132 Crore Bridge to Ease Cargo Traffic
Indian Ministry of Ports, Shipping and Waterways has officially approved a Rs 132.51 crore road over bridge project at the Deendayal Port Authority in Kandla. The bridge will be constructed…
Arkas and Turkon add Iskenderun to Mediterranean US East Coast service
Arkas Line and Turkon Line have expanded their joint Mediterranean-U.S. East Coast service by adding a new port call at Iskenderun. This new edition will enhance the coverage between the…
DP World Reaches 10 Million TEU Milestone at Port of Dakar
DP World has officially handled its 10 millionth container at the Port of Dakar. This major operational milestone positions the terminal as one of the most efficient maritime gateways in…
CMA CGM Announces Peak Season Surcharge for China to West Africa
CMA CGM has officially announced a new Peak Season Surcharge (PSS) for shipments moving from China to West Africa. According to the ocean carrier, implementing this surcharge is a necessary…
Cape of Good Hope Rerouting: How Middle East Disruptions Impact Global Shipping
Maritime tensions effectively neutralising the Strait of Hormuz and complicating Red Sea passages, the global EXIM industry is shifting heavily toward the Cape of Good Hope. What started as a…
Ocean Carriers Bypass Strait of Hormuz Shutdown With Overland Routes
The ongoing Strait of Hormuz shutdown has severely disrupted the flow of commodities out of the Arabian Gulf, which normally handles 20 percent of global oil and 30 percent of…
CMA CGM Offers Wind Propelled Transatlantic Freight on Neoliner Origin
CMA CGM is officially making the wind propelled Neoliner Origin directly accessible to its customers. By partnering with Neoline, the ocean carrier aims to strengthen its service offerings between France…