The Baltic Dry Index (BDI) reached a five and half year high on Thursday at a reading of 1,816, up 2.19% on-day.

A latest Shipping Confidence Survey has shown a dip in confidence in the shipping industry over the past three months, and the survey respondents have forecast higher freight rates for the container and tanker shipping segments.

The Panama Canal has published a proposal to modify its current tolls structure for the major shipping sectors.

The Capesize market was hit by lower shipping activities due to European holidays and fewer iron ore cargoes coming out of western Australia.

Baltic Dry Index (BDI) formed a new norm of staying above 1,000 points and even extended its gains toward the 1,100 mark this week.

China and Singapore joint venture Rizhao Port Jurong is set for an initial public offering (IPO) that could raise up to HK$604m ($77m).

Star Bulk Carriers is continuing to expand acquiring the fleet of 11 vessels owned by Delphin Shipping LLC for $139.5m in a cash and equity deal.

Norden has inked a three-year Contract of Affreightment (COA) with Qatar Vinyl Company starting in Q2 this year.

Clipper Bulk is cutting 40 out of 140  shore-based staff and closing its Tokyo office as seeks a more focused market approach to return to profitability.

Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019.

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