Topic
shipping industry
18 stories related to this topic, newest first.
manilatimes.netfinance26 days ago
Diana Shipping Increases Bid for Genco Shipping to $27.34 Per Share
Diana Shipping raised its all-cash and stock offer for the shares of Genco Shipping it does not already own. The new bid values each Genco share at $27.34 and includes a request to postpone Genco's annual meeting.
news24.comworld27 days ago
German Shipping Heiress and Mentor Found Dead on South African Estate
A 26-year-old German shipping company heiress and her mentor were found dead from gunshot wounds hours apart at a family-owned wildlife estate in South Africa. Family lawyers stated both deaths were suicides and police found no evidence of foul play.
benzinga.compolitics35 days ago
Diana Shipping Narrows Proxy Slate to Two Nominees for Genco Board
Diana Shipping Inc. reduced its slate of board nominees for Genco Shipping & Trading Limited to Jens Ismar and Paul Cornell. The company also urged shareholders to vote against two current Genco directors and to reject Genco's poison pill.
business41 days ago
Cargo Ship Struck by Projectiles in Iraqi Port
A Mediterranean Shipping Company vessel was hit by two projectiles while departing an Iraqi port. The company reported no injuries and described itself as a neutral carrier.
upi.comworld55 days ago
South Korea Oceans Ministry Advances Plans for Southeastern Maritime Hub
The Ministry of Oceans and Fisheries is relocating operations to Busan and supporting corporate moves to the region. Officials cited preparation for expanded Arctic shipping routes and record seafood exports in 2025.
Al-Monitorworld64 days ago
Middle East Conflicts Increase Ship Strike Risks for Whales off South Africa
Rerouting of vessels around the Cape of Good Hope since late 2023 has substantially raised the chances of collisions with whales in key habitats along South Africa's coast, according to new research presented to the International Whaling Commission. Average daily commercial vesse…
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theconversation.comscience64 days ago
Pilot Whales Increase Call Volume to Overcome Shipping Noise in Strait of Gibraltar
Researchers recorded calls from 23 long-finned pilot whales in the Strait of Gibraltar and found the animals raise the volume of some vocalizations in response to vessel noise ranging from 79 to 144 decibels. The study, published May 7 2026 in the Journal of Experimental Biology,…
koreaherald.comworld64 days ago
South Korean Team Says External Strike Caused Explosion on HMM Cargo Ship in Strait of Hormuz
A seven-member South Korean government investigation team determined that an external strike triggered the explosion and fire aboard the Panama-flagged vessel Namu on May 4, 2026. The ship, operated by HMM Co., was anchored off the United Arab Emirates and has been stranded amid…
koreaherald.comworld66 days ago
South Korean Team Continues Investigation Into Fire on HMM Cargo Ship in Strait of Hormuz
A South Korean government investigation team continued its review Saturday into the cause of a fire on the HMM Namu, a Panama-flagged cargo ship operated by South Korean shipping firm HMM. The vessel arrived at a Dubai shipyard Friday after the fire occurred Monday while it was s…
nbcnews.comfinance66 days ago
Maersk CEO Says Iran War Adds $500 Million in Monthly Shipping Costs
The chief executive of the company that ships 14% of global containerized goods reported that the conflict has increased the firm's energy expenses by $500 million per month. One vessel crossed the Strait of Hormuz under U.S. military protection while six others remain stranded i…
finance.yahoo.comworld67 days ago
HMM Shareholders Approve Moving Headquarters from Seoul to Busan
South Korea's largest shipping company, HMM Co., secured shareholder approval Thursday to move its headquarters to Busan. The decision follows an agreement with its labor union and aligns with government efforts to develop the port city as a maritime hub. President Lee Jae Myung…
Los Angeles Timespolitics68 days agoUpdated
U.S. Completes Initial Escort of Ships Through Strait of Hormuz
President Donald Trump launched and then halted a U.S. escort operation for vessels leaving the Persian Gulf as a CMA CGM container ship was damaged in an attack and U.S. forces disabled an Iranian tanker attempting to breach the naval blockade.
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BBC Newsfinance67 days agoUpdated
Shell Q1 Profit Falls 35% to $6.75 Billion
Shell's first-quarter earnings more than doubled from the prior period amid elevated oil prices from the US-Israel war with Iran, even as it trimmed share buybacks. Global stock indexes climbed following reports of a potential one-page agreement to end the conflict, though Presid…
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tass.comworld69 days ago
South Korean President Briefed on Blast Aboard HMM-Operated Ship in Strait of Hormuz
The president received a briefing on a blast and fire aboard a South Korean-operated vessel anchored off the United Arab Emirates. Officials reported no injuries and said the ship will be towed to a nearby port for damage assessment. The briefing also covered a U.S. decision to s…
deccanchronicle.comworld73 days ago
Tanker Traffic Around Cape of Good Hope Surges 71% Above Average Amid Regional Conflict Detours
Shipping companies have abandoned plans to resume using the Suez Canal amid the ongoing Iran conflict, leading to record tanker traffic around Africa's Cape of Good Hope. The alternative route adds at least two weeks to Asia-Europe voyages, with port arrivals up significantly sin…
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manilatimes.networld79 days ago
Shipping Officials Report Strait of Hormuz Volatility from US Blockade
Shipping officials stated that the US blockade of the Strait of Hormuz has increased volatility in the area. They noted that Iran is intensifying efforts to maintain the strait's closure. This development occurs amid ongoing tensions in the region.
Substrate placeholder — needs reviewfinance87 days agoUpdated
Shipping Groups Warn Strait of Hormuz Remains Unsafe Despite Reopening Claims
Major maritime organizations have advised caution for vessels in the Strait of Hormuz, citing ongoing safety concerns. BIMCO stated the area is not safe due to unclear mine risks and recommended avoiding it. The UK Maritime Trade Operations also urged similar precautions.
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apnews.comworld93 days ago
Cargo Ship Purchase Costs $46 Million with Potential Revenue of $1.7 Million Monthly
A cargo ship priced at $46 million can generate revenue through freight hauling. Calculations show earnings of $11 per ton for a 100,000-ton ship carrying 78,000 tons per voyage. With two voyages per month, gross revenue reaches $1.7 million.
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