The Suez Canal Authority has been in bullish form this week, suggesting that many shipping companies are ready to abandon the Cape of Good Hope and return to Crossing the Red SeaThis will have a huge impact on shipping rates.
Diana Shipping has made the move on New York-listed Genco Shipping & Tradingmakes a cash offer to acquire all remaining shares that you do not already own at a price of $20.60 per share. Combining the two platforms would enhance scale and operational leverage “at what we consider to be an opportune time in the dry bulk cycle,” said Semiramis Palio, CEO of Diana Shipping.
South Korea’s largest LNG shipowner is heading for new ownership as private equity firm IMM prepares Sale of Hyundai LNG Shipping Company to Indonesia’s Sinar Mas Group In a deal worth about 400 billion Korean won ($274 million).
Israeli shipping company ZIM rejected an offer from its CEO Eli Glickman and Rami Ungar, who heads Ray Car Carriers, to acquire the company at a valuation of $2.4 billion. ZIM announced on Tuesday that it has formed a team to study strategic alternatives regarding the future of the company.
November issue of Splash extraa guide to duty-free shipping, was published on Wednesday with an assessment of the main report How long will today’s shipbuilding boom last?
This week is big Maritime CEO The interview was conducted with Claire Ormiston, CEO of UK spin sail supplier Anemoi. She emphasized that better data and easier-to-fit devices will accelerate the adoption of wind-assist technology, claiming that the momentum behind wind-assist technology is stronger than ever – and that shipowners are finally linking emissions reductions to financial returns.
this week Splash wrap The podcast, shown below, summarizes all the major topics published recently Sailors magazine.
