Copenhagen: Tanker rates in the first quarter have outperformed those of the comparable quarter last year reports troubled Danish tanker operator Torm.

London: Bimco’s bulk carrier market analysis finds that small volumes of new tonnage and very high cargo volumes have buoyed panamax earnings in 2013 in spite of dire predictions.

Singapore: The lifting capacity of heavy lift vessels is expected to continue to rise as cargoes get larger and more complicated, according to owners specialising in the sector.

Singapore: Numbers do not lie and a quick look at some statistics from the dry bulk market for the period 1985-1987 and 2010-2012 tell a story of an acute oversupply problem which shipping players should listen to and understand, said Precious...

Seoul: Korea Development Bank (KDB) has launched due diligence for a takeover of STX Pan Ocean (STX PO), pushing up shares in the Korean shipowner.

Muscat - Oman Shipping Company (OSC) has taken delivery of Very Large Ore Carrier (VLOC) Vale Shinas, which will be used to transport iron ore from Brazil to the Vale pelletisation plant in Sohar.

Sat in the Sea Asia Show Daily office for the Sea Asia 2013 exhibition and conference we are surrounded by a frenzy of activity as hundreds of exhibitors set up for the three-day event. Sea Asia 2013, which we co-organise with the Singapore...

Hong Kong: Dry bulk shipowner Pacific Basin Shipping has secured $85.2m 12-year post-delivery export credit financing for four Japanese-built bulkers.

Singapore: John Fredriksen is continuing his newbuilding binge with Singapore-listed Golden Ocean Group ordering two newbuilding 60,000 dwt supramaxes from Japan Marine United Corporation (JMU).

Taipei: U-Ming Marine Transport Corp saw its 2012 net profit slump even as revenue edged up.