Cosco Shipping Ports Limited and Peruvian mining company Volcan have signed an agreement Monday in Lima to build the $3bn Chancay Multipurpose Port Terminal.

Yangzijiang Shipbuilding, along with three other compatriots, is venturing into the mining industry with a planned total investment of RMB2.5bn ($360m).

Svitzer has bagged a contract in Northern Canada to service Baffinland’s marine terminal in Milne Inlet.

China-based shipbuilder JES International is looking to build just a few models of commercial vessels as it seeks business diversification to counter the cyclical effect of the shipbuilding industry.

Chinese shipbuilder JES International is diversifying into mining taking up to a 30% stake in a mining company in Xinjiang.

Indonesia may control the number of coal export terminals in the country claiming it losses up $493m in revenues.

Athens: Fighting delisted from the Nasdaq exchange, Greece's NewLead Holdings continues to switch from pure ship operation into the commodities business, signing to supply and deliver 1.48m metric tons of steam coal, a deal expected to generate $148m in revenue.