Finance
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Diana pulls takeover bid for Genco as recriminations go on
Greek bulker owner withdraws offer for outstanding Genco shares as target’s long-awaited response reveals huge gap in ideas about company’s value
CK Hutchison ports throughput slips as Panama force-out bites
Panama’s termination of CK Hutchison’s port concessions weighed on its 1H26 results
DFDS lifts guidance following 2Q earnings jump as new CEO takes up position
New chief executive said improving financial performance would be a key priority to deliver satisfactory shareholder returns while enabling future network investment
Euroseas posts another stellar quarter as boxship demand remains buoyant
Market continues to shrug off effects of geopolitics and inflation, according to Aristides Pittas
Hapag-Lloyd maintains Zim deal timeline as Q2 earnings improve
Strong Asian export growth, recovering US demand and tighter supply-demand conditions have supported higher freight rates
Jebel Ali port traffic slump costing DP World $100m per month
DP World posted resilient earnings as its global ports and logistics network helped soften the blow of the loss of container volumes at its UAE flagship port of Jebel Ali, where the Hormuz closure has wiped out vessel traffic
Norden raises 2026 guidance as dry cargo recovery and tanker strength lifts Q2 results
Norden expects tanker and dry bulk markets to remain supportive through the rest of 2026, underpinned by commodity demand and constrained vessel supply
Maersk lifts profit forecast again as Hormuz disruption helps drive earnings
Maersk’s Ocean business benefited from a 22% rise in average freight rates and consistently high vessel utilisation, while loaded volumes increased 4.1%.
Tanker buying boom raises concerns over secondhand ship inspections, says Idwal
In a buoyant tanker market, competitive pressure is causing some buyers to cut corners on inspections when buying secondhand ships
Wallenius Wilhelmsen expects tight PCTC capacity to support high fleet utilisation through end-2026
Oslo-listed vehicle carrier operator kept its 2026 ebitda guidance unchanged but warned that higher bunker costs and Middle East-related risks remain key uncertainties
Hanwha bids up to $1.2bn for Austal’s US shipbuilding unit
Hanwha’s tentative offer signals deepening South Korea-US ties aimed at revitalising American shipbuilding
Star Bulk withdraws from Genco pursuit but Diana fights on
Mutual termination of $470m side deal for Star Bulk to acquire 16 Genco bulkers following completion of a merger will have ‘no effect’ on Diana’s ability to fund transaction
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