Shanghai: Two general cargo vessels have collided in the Minjiang River estuary in the Fujian province, China, resulting in at least one death.

Kuala Lumpur: Malaysian Bulk Carriers (Maybulk) saw 2012 full-year net profit plunge by nearly half to MYR66m ($21.2m) from MYR108m the year before while revenue fell to MYR262.3m from MYR363.9m previously.

Athens: Fighting delisted from the Nasdaq exchange, Greece's NewLead Holdings continues to switch from pure ship operation into the commodities business, signing to supply and deliver 1.48m metric tons of steam coal, a deal expected to generate ...

Hong Kong: CY Leung, chief executive of the HK Special Administrative Region (SAR) Government, launched a spirited defence of Hong Kong’s continuing maritime vocation during the official opening of the HK Maritime Museum (HKMM) at in its new...

Oslo: The pure car and truck carrier Hoëgh Traveller has today been sold to Grieg Green for environmentally friendly recycling in China.

Seoul: STX Pan Ocean Co Ltd (STX PO) shares rose 9.2% today amid reports that Korean steelmaker Posco is considering paying $333m for a controlling stake in the struggling shipping firm.

Shanghai: Bulk carrier SITC Hua Shan has caught fire off the east coast of China, with one crewman according to officials as “still stranded aboard”, Xinhua reported.

While much of Asia continues to celebrate the Lunar New Year leaving shipping somewhat moribund, another tragic, and very possibly avoidable, bulker accident has taken place off the Philippines.

Copenhagen: AP Moller - Maersk Group today announced a 2012 profit of $4bn, fuelled by adjustments to the profitability of Maersk Line.

Oslo: Oslo listed bulk carrier owner Golden Ocean has cancelled three more bulker orders at Jinhai Heavy Industry Co. (Jinhai) and is discussing expansion through the acquisition of secondhand tonnage and distressed assets.