Western Bulk has boosted its presence in the panamax dry bulk sector with a new team from K2 Shipping in Oslo.

Losses widened for China Shipping Development (CSD) in 2013 despite higher revenues.

First Ship Lease Trust (FSL Trust) has sold two dry bulk carriers that would reap savings of about $3m on drydocking expenditure and reduce its cost of debt service by at least $5m.

K Line has been fined JPY5.7bn ($56m) by the Japanese Fair Trade Commission (JFTC) after its car trades fell foul of antitrust regulations.

Jinqing Marine Inc, a shipowning firm and wholly-owned by Jinhui Shipping, has received a refund of $24m from the cancellation of a newbuilding order.

Denmark's Ultrabulk has confirmed orders for four ships with an option for a fifth at Japanese shipyards as it continues with its newbuilding program.

Clarksons Securities Ltd, the arm of Clarksons which actively brokers Forward Freight Agreements (FFAs) hosted a an afternoon of insightful presentations recently, attended by a group of high level investors, joined by members of New York’s dry...

Golden Ocean Group (GOGL) is to acquire the remaining 50% of 180,000 dwt Capesize bulk carrier Golden Magnum from its joint venture partner.

Newlead Holdings is to buy two 31,800dwt eco-type handysize bulkers, in a deal worth $37m.

Greek shipowner Paragon Shipping has posted another year of net loss as the global dry bulk shipping market continues to remain gloomy.