China State Shipbuilding Corp (CSSC) has signed an agreement with its ship leasing arm CSSC Shipping (Hong Kong) in a move to expand its fleet with newbuilding deals.

China Shipping Development Co (CSDC) has sent three old dry bulk carriers to the scrapyard as part of its ongoing efforts to optimise its fleet structure.

Italian investment firms Intesa Sanpaolo and VEI Capital have purchased a joint stake in RINA Group parent company RINA S.p.A for EUR25m ($34.6m).

The Standard Club has praised Bimco’s adaptation of its Guardcon contract for use in security arrangements off West Africa.

Maritime insurance broker Seacurus has called for new Maritime Labour Convention (MLC) seafarer abandonment regulations to be implemented as quickly as possible.

Seafarers’ Rights International (SRI) has welcomed a decision that the Maritime Labour Convention should provide greater protection against crew abandonment, as agreed by the ILO's Special Tripartite Committee on MLC last Friday. 

IMO chairman Koji Sekimizu has welcomed industry proposals for alterations to be made to the Ballast Water Management (BWM) Convention.

Pacific Basin continued to do well in its core segments in the first quarter, seeing its strongest Q1 TCE performance since 2011 as the company generated handysize average daily earnings of $10,390 on 13,540 revenue days.

Some of the top names in the shipping industry were honoured at the 26th Seatrade Awards in London on Monday evening in the presence of HRH The Princess Royal.

Golden Ocean Group has entered into an agreement to acquire a resale ice-class panamax vessel built at Pipavav Defence & Offshore Engineering Company.