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…
Deugro and Mystic Shipping Divert Middle East Cargo to Kandla Port
With the temporary closure of the Strait of Hormuz disrupting Middle East supply chains, Far East cargo is increasingly being diverted to India. Taking a proactive approach, deugro Projects (India)…
APM Terminals Launches $350 Million Phase III Expansion at Lazaro Cardenas
APM Terminals Lazaro Cardenas has officially inaugurated the second phase of its container terminal and confirmed the immediate start of Phase III.Backed by an investment of more than USD 350…
Strait of Hormuz Shipping: Iran Restricts Access for Enemy Linked Vessels
The Strait of Hormuz remains open to commercial shipping, but strictly for vessels that are not linked to “Iran’s enemies.” Ali Mousavi, Iran’s representative to the International Maritime Organization (IMO)…
HHLA TK Estonia to Deploy Europe’s First Battery Powered RTG Cranes
HHLA TK Estonia is making a terminal will soon become the first in Europe to operate fully battery powered Rubber Tired Gantry (RTG) cranes capable of completing an entire work…
Sidra Line Launches Algerian Express Service for Spain to Algeria Freight
Sidra Line is officially introducing a new maritime service to connect Spain and Algeria. Branded as the Algerian Express, this new shipping route is designed to strengthen bilateral trade links…
Indian Register of Shipping Classes 298,997 DWT VLCC Lila Jamnagar
The Indian Register of Shipping (IRS) has officially taken the Lila Jamnagar into class. As a 298,997 DWT Very Large Crude Carrier (VLCC), it is now one of the largest…
Libya to Tow Drifting Russian LNG Carrier Arctic Metagaz to Port
Libya’s National Oil Company (NOC) has officially retained international incident response experts to secure the drifting Arctic Metagaz. Following a massive explosion and fire on March 3, the burnt out…
Dorian LPG Adds 93,000 CBM Dual Fuel Carrier Areion to Fleet
Dorian LPG has officially expanded its fleet with the delivery of the Areion, a 93,000 cubic meter (cbm) dual fuel very large gas carrier (VLGC). Built by Hanwha Ocean Heavy…
Fincantieri Launches Viking Libra Hydrogen Powered Cruise Ship
Fincantieri has officially launched the Viking Libra at its Ancona shipyard. Built for Viking, the vessel is scheduled for delivery at the end of 2026. The Viking Libra will be…
MSC Announces Emergency Fuel Surcharge for Indian Ocean Cargo
MSC (Mediterranean Shipping Company) will officially introduce an Emergency Fuel Surcharge (EFS) across multiple trade routes starting in early April 2026. Effective April 2, 2026 (based on the Bill of…