Leaders of the maritime industry have called for greater collaboration and consolidation in Asia to tackle the challenges of vessel overcapacity, talent shortages and environmental sustainability.

Turkey's Palmali has signed a memorandum of agreement to buy one chemical tanker and three bulk carriers from the secondhand market.

Legal documents do not make for lively reading, however, the fine print of Genco’s announcements does actually include a series of cash flow forecasts, noting that rate forecasts came from a conservative take on rate estimates of equity market...

After much anticipation and last minute brinksmanship, Genco Shipping & Trading, the Peter Georgiopoulos-linked dry bulk entity listed on the NYSE, has submitted a plan for Chapter 11 bankruptcy protection, in a “pre-packaged” deal, which means...

A survey of vessels by technical management company V.Group has revealed less than 2% of respondents have fitted Ballast Water Management Systems (BWMS).

Taiwan's dry bulk shipowner Wisdom Marine has recorded lower profits in 2013 over the previous year due to higher operating costs.

China Shipping Development Co (CSDC) has predicted a net profit of RMB50m ($8m) to RMB60m in the first quarter of financial year 2014, against the backdrop of an improving oil tanker and dry bulk shipping markets.

European owned or controlled tonnage today represents about 40% of the world fleet - including 60% of containerships and 37% of offshore vessels in gt terms – and is a key contributor to the region’s economy, according to a new report commissioned...

Klaveness Shipping has exercised shipbuilding options to build three bulk carriers at two different Chinese shipyards.

Greek shipowner Euroseas has acquired two new 82,000 dwt bulkers at a cost slightly below $60m, and purchased a secondhand 5,600 teu containership.