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…
India Restores Full RoDTEP Export Benefits Amid West Asia Disruptions
The Indian government has officially restored the full rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. Effective from March 23 through March…
German Ports Make Digital Container Pickups Mandatory
Germany’s North Sea ports have officially entered the final phase of their transition to a fully digital import container release process. To enhance port security and actively combat drug smuggling,…
HD Hyundai and Persona AI to Develop Humanoid Welding Robots for Shipyards
HD Hyundai is moving forward with its initiative to deploy humanoid robots for precision tasks in vessel construction. Following a successful prototype evaluation announced on March 23, the company is…
Maersk Relocates PANZ Service to Fenix Marine Terminal on June 12
Maersk is officially relocating its PANZ service operations in Southern California. Starting June 12, 2026, the ocean carrier will shift its terminal calls from the Long Beach Container Terminal to…
Terminal Puerto Arica Orders Two Konecranes to Expand Port Capacity
Terminal Puerto Arica S.A. (TPA) has officially ordered two Generation 6 mobile harbor cranes from Konecranes to expand its cargo handling capacity in northern Chile. Booked in the first quarter…
ABP Designates Port of Lowestoft as RWE Offshore Wind Construction Base
Associated British Ports (ABP) has officially finalised a commercial agreement with RWE and Clarksons Port Services, designating the Port of Lowestoft as the construction support base for the Vanguard West…
APM Terminals Acquires 49 Percent Stake in Vietnam Hai Phong Port
APM Terminals, a division of Maersk, has officially taken a 49 percent minority shareholder and operating partner position in the Hai Phong International Container Terminal. Located within the Lach Huyen…
Kandla Port Executes First Triple Banking STS Operation in India
Deendayal Port Authority (Kandla) has successfully completed a highly complex triple banking Ship to Ship (STS) operation. This marks the first time such an intricate maritime cargo transfer has been…
MSC Updates Emergency Fuel Surcharge for Europe and Black Sea Routes
MSC has officially updated its Emergency Fuel Surcharge (EFS) for multiple short sea and regional trade lanes. The revised surcharge impacts routes connecting Northern Europe (including the UK and ScanBaltic…
EU Approves DHL eCommerce and CTT Joint Venture in Iberia
The European Commission has officially cleared the proposed joint venture between CTT (Correios de Portugal) and DHL eCommerce under EU merger rules. With this primary regulatory hurdle removed, the companies…