Today, Hapag-Lloyd officially opened a new office in Muscat, Oman, enhancing the company’s strategic foothold and service capabilities in the Gulf region and bringing tangible benefits to its customers.
AMMITEC – Association of Information and Communications Managers in Shipping – announces with particular pleasure its official acceptance as an Associate (Reciprocal) Member in INTERCARGO, the International Association of Dry Cargo Shipowners.
Golar LNG Limited (“Golar”) is pleased to announce that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi.
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Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that it has received a non-binding indicative proposal from Diana Shipping Inc. (NYSE: DSX) to acquire all of the outstanding shares of Genco not already owned by Diana for $20.60 per share in cash. Diana has disclosed that they currently beneficially own approximately 14.8% of the Company’s common stock.
OLTH S.A. and “METKA S.A. – TEKAL S.A. (PIER 6) J/V” co-signed on Wednesday, November 19, 2025, the Construction Works Contract for the expansion of the port infrastructure of the 6th Pier of the Port of Thessaloniki.
Facing confined workspace in Cuihuashan floating dock, CHI(Guangdong) optimized crew deployment and dynamically adjusted workflows to safely strip 9,070m² of old coatings from the flat-bottom hull and 2,200m² from /starboard freeboard areas.
MARKET COMMENTARY:
China’s rush to lock in Africa’s battery metals is not just an EV or geopolitics story – it will possibly quietly reshape dry bulk trade. Africa holds roughly 30% of global mineral resources and punches far above its weight in the battery suite.
