Arriving in the Indonesian capital Jakarta the highway from the airport is clogged with chaotic traffic, and trucks line up for miles, seemingly immobile on roads that head towards the country’s main port of Tanjung Priok.  The organised chaos...

New York: Fourth quarter losses at Greek-owned Dryships Inc. reached $129.8m as operating costs rose sharply year on year.

Panama City: Panama Canal expansion programme is 50% complete and the construction of the third set of locks has reached 40% of completion, according to Panama Canal Authority (ACP) Administrator Jorge Quijano.  “We estimate, based on the progress...

New York: Freight rates of dry bulk carriers worldwide will register a “meaningful increase” by 2015 when demand starts to overtake the slowing vessel tonnage growth, according to Bank of America Merrill Lynch.

Jakarta: The Indonesian National Shipowners Association (INSA) has reportedly issued an order prohibiting all cargo ships from using subsidized fuels.

Jakarta: Bulker casualties involving nickel ore cargo liquefaction have resulted in insurance claims of over $200m according a broker involved in one of the cases.  

Beijing: China Merchants Group chairman Fu Yuning remains pessimistic about the dry bulk market and sees the sector remaining under pressure this year, according to local news reports.

Bagsvaerd: Angus Frew, ceo of the UK Chamber of Shipping, will take over as secretary general of Bimco later this year when current secretary general Torben Skaanild retires.

Kuala Lumpur: Malaysia-based shipowner and shipbuilder Shin Yang Shipping Corporation is betting on stability of Malaysia's coastal shipping and its Middle East operations to support its business as it plunged into a second quarter net loss.

Hong Kong: Dry bulk shipowners can expect greater risks of company defaults, counterparty risks and pressures on asset prices amid the continuing sluggish business conditions, according to Jinhui Shipping and Transportation Limited.