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Diana Shipping has extended its hostile tender offer for Genco Shipping & Trading, keeping alive one of dry bulk’s most closely watched takeover battles. The Semiramis Paliou-led bulker owner said the offer will now expire on July 18, giving Genco shareholders more time to tender their shares into a proposal that has repeatedly been rejected …
https://splash247.com/diana-keeps-pressure-on-genco-with-tender-extension/
https://splash247.com/diana-keeps-pressure-on-genco-with-tender-extension/US aluminium producer Alcoa has agreed to buy South32’s bauxite, alumina and aluminium assets in Australia, Brazil and South Africa in a deal worth $4.1bn upfront. The transaction will see Alcoa pay $3.1bn in cash and issue about 17m new shares valued at roughly $1bn. South32 could also receive up to $750m in contingent cash …
https://splash247.com/alcoa-moves-for-south32-aluminium-assets/
https://splash247.com/alcoa-moves-for-south32-aluminium-assets/Italian energy major Eni and Swiss commodities trader Mercuria have agreed to set up a joint venture for global energy trading. The 50:50 venture will operate independently and cover oil, biofuels, gas, LNG and related logistics and infrastructure rights. The companies said the business will be structured through a holding company with international trading hubs. …
https://splash247.com/mercuria-and-eni-form-global-energy-trading-venture/
https://splash247.com/mercuria-and-eni-form-global-energy-trading-venture/COSCO Shipping Development has unveiled orders for 24 dry bulk vessels worth RMB8.66bn ($1.27bn), deepening its ship leasing business with long-term charters back into the COSCO group. The Shanghai- and Hong Kong-listed company said its indirect wholly owned subsidiary Hainan COSCO Shipping Development Shipping will contract the vessels at yards controlled by COSCO Shipping Heavy …
https://splash247.com/cosco-orders-24-bulkers-in-1-27bn-leasing-play/
https://splash247.com/cosco-orders-24-bulkers-in-1-27bn-leasing-play/Fincantieri has taken another step in establishing a long-term shipbuilding presence in Albania, signing a memorandum of understanding (MoU) to develop the skilled workforce needed to support the modernization of the Pashaliman shipyard and the country's emerging naval industrial base.The agreement…
https://www.marinelink.com/news/albanian-shipbuilding-gets-a-boost-540775
https://www.marinelink.com/news/albanian-shipbuilding-gets-a-boost-540775Fincantieri has taken another step in establishing a long-term shipbuilding presence in Albania, signing a memorandum of understanding (MoU) to develop the skilled workforce needed to support the modernization of the Pashaliman shipyard and the country's emerging naval industrial base.The agreement…
https://www.marinelink.com/news/albanian-shipbuilding-gets-a-boost-540775
https://www.marinelink.com/news/albanian-shipbuilding-gets-a-boost-540775AYK Energy has secured a deal to supply its 2073kWh OrionAN batteries to nine RoPax vessels being constructed for Grimaldi Group as part of its fleet renewal program.The vessels commissioned are being built at China Merchants Jinling Shipyard…
https://www.marinelink.com/news/ayk-energy-provide-batteries-grimaldi-540778
https://www.marinelink.com/news/ayk-energy-provide-batteries-grimaldi-540778Parker Towing Company has completed the repower of the M/V Syble Fay at Verret Shipyard, replacing the vessel's Cummins QK38 main engines with two Mitsubishi S12R Tier 3 engines supplied by Laborde Products. Each engine is rated at 1,100 horsepower at 1…
https://www.marinelink.com/news/parker-towing-company-successfully-540779
https://www.marinelink.com/news/parker-towing-company-successfully-540779As part of its strategic repositioning in the United States under the Xcelerate29 strategy, HDI Global (HDI) has appointed Justin Gress as Chief Operating Officer (COO) of its US business. The appointment complements the recently announced new leadership and organizational setup…
https://www.marinelink.com/news/justin-gress-appointed-chief-operating-540780
https://www.marinelink.com/news/justin-gress-appointed-chief-operating-540780A legal framework could be drawn up this year on regional cooperation to monitor and seek to adapt to falling water levels in the Caspian Sea, which is shrinking at an accelerated pace, a senior Azerbaijani water official told Reuters.The level of the Caspian…
https://www.marinelink.com/news/azerbaijan-looks-legal-framework-monitor-540782
https://www.marinelink.com/news/azerbaijan-looks-legal-framework-monitor-540782