Genco Shipping & Trading Limited has firmly pushed back on takeover interest from Diana Shipping Inc., with its board unanimously rejecting a non-binding $20.60-per-share cash proposal that it says 'significantly undervalues' the company and carries unacceptable execution risk…
Product tankers shipowner d’Amico International Shipping S.A. said its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed a shipbuilding contract with Guangzhou Shipyard International Company Limited (China) for two new Medium Range 1 (MR1 – 40…
Fincantieri has secured a new order from Norwegian Cruise Line Holdings Ltd. (NCLH) to build an ultra-luxury cruise ship for its Regent Seven Seas Cruises brand, reinforcing one of the most enduring partnerships in the global cruise sector.Scheduled for delivery in 2033…
The Port Authority of Aveiro (Administración Portuaria de Aveiro: APA) and the Port Authority of Figueira da Foz (Administración Portuaria de Figueira da Foz: APFF) have chosen GMV, a technology group present in Portugal, leader in Europe and a world benchmark in global navigation systems…
Belgian company DEME Group was the sole firm to bid in the Argentine government's tender for a major maintenance contract for the Parana waterway, a key route for grains transport, the government said on Wednesday.The bid could mark a major shakeup in dredging the river…
MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more than $1.34B, two sources with knowledge of the matter said.RHB and UBS have also been asked to help prepare the IPO, two further sources said…
SANMAR signed a contract with PORT FLOT – BURGAS, one of Bulgaria’s leading towage companies, to build a multi-purpose tug to join its fleet, providing services in the Bay of Burgas.The new tugboat will be one of the Turkish tug-builder and…
New MPV brings increased versatility to workboat sector.Damen Shipyards Group and Herman Sr. have signed a letter of intent (LOI) for the construction of a new Multi-Purpose Vessel (MPV) 4916. The LOI was signed during the Offshore Energy exhibition…
BlastOne International announced that it has been chosen by Irving Shipbuilding Inc. (ISI) to construct a cutting-edge three bay paint hall as part of the River-class Destroyer (RCD) Infrastructure Project.This initiative is essential for enhancing…
Estonian State Fleet announced a call for tender for the design and construction of a new, battery-powered electric ferry to serve the main islands in Estonia. 'I’m proud to see Estonia leading the way in adopting environmentally sustainable technologies in the maritime sector to achieve this…
DFDS said it will invest $1.2 billion in six battery electric vessels for operation in the English Channel, to be deployed on the Dunkirk-Dover and Calais-Dover routes to carry passengers and freight between the U.K. and the European Union.The first two electric vessels will be in operation by 2030…
Singapore’s Majestic Fast Ferry Pte Ltd has commissioned Incat Crowther to design a new second generation 39-m passenger ferry as the basis of its future fleet. Incat Crowther’s range with PT Cahaya Samudra covers four vessels lengths; 29-, 32-…
Marlink said it will deploy its guaranteed bandwidth hybrid network solutions to the Höegh Autoliners fleet. Already a customer using remote IT service, support and maintenance from Marlink, Höegh Autoliners will adopt Marlink’s hybrid network solutions…
Bernhard Schulte ordered its first CO2 tanker, a newbuild to be constructed at Dalian Shipbuilding Offshore (DSOC) and to showcase technologies designed to reduce its carbon footprint. Planned for delivery in 2026, the ship is committed to a long-term time charter agreement with Northern Lights…