Diana Shipping Makes Takeover Bid for Genco Shipping & Trading
Greek shipping company Diana Shipping has officially announced its offer to acquire Genco Shipping & Trading, one of the largest American dry bulk operators. 🔹 Diana is offering $20.60 per share, valuing Genco at approximately $890 million.🔹 Diana already owns 14.8% of Genco shares.🔹 The company plans to acquire the entire remaining stake and fully […]
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Jebel Ali Port Sets Record: Breakbulk Cargo Volume Reaches 20-Year High
Jebel Ali Port in Dubai, operated by DP World, set a new record: 630,000 tonnes of breakbulk cargo were handled there in October 2025 – the highest monthly volume in nearly two decades. This growth is driven by major infrastructure projects in the UAE: the expansion of the Dubai Metro (Blue Line), construction of facilities […]
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The US is again building ships before the design is complete — a report reveals a systemic problem.
A November report from the US Government Accountability Office (GAO) identified a recurring flaw in Navy and Coast Guard shipbuilding programs: ships are being laid down before the full design is complete, leading to massive delays and budget overruns. The most affected programs: 🔹 Polar Security Cutter (PSC) IcebreakerThe design documentation was only partially completed […]
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Four “green” maritime corridors are moving into the implementation phase.
The Global Initiative for Decarbonizing Shipping has announced that four international “green” maritime corridors have officially reached the implementation phase. This means that infrastructure deployment, the use of low-carbon fuels, and the commissioning of new vessels are already underway along these routes. The corridors that have reached this phase include: The Stockholm-Turku and Vaasa-Umeå routes […]
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When Should Ports Intervene in Ship Emergencies—and Why It Concerns Every Seafarer?
An old but crucial question has resurfaced in the maritime industry: when is a port obligated to intervene if a vessel encounters technical problems, a risk of accident, or a potential environmental hazard? In practice, port decisions vary widely. Some ports act immediately—detaining the vessel, requiring repairs, or inviting an inspection. Others, fearing delays, reputational […]
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