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.
Kuala Lumpur: Malaysian Bulk Carriers (Maybulk)) is buying a new 56,000 dwt dry bulk carrier for $26m as part of the group's fleet renewal plans to include newer and more economical vessels.
Tokyo: Mitsui OSK Lines (MOL) inked a 20-year freight service agreement to transport iron ore for Rio Tinto.
Seoul: Korea Line Corp (KLC) is now facing threats of delisting after a preferred bidder for the shipowner withdrew from the negotiation table over differences.
Copenhagen: The global economy continues to expand in 2013 which is good news for dry bulk shipping as newbuild deliveries fall significantly from 2012 levels, Bimco announced in its market overview today.
Singapore: Indian-owned dry bulk shipping firm Mercator Lines is planning to sell a vessel and to terminate two of its long term chartered-in vessels as part of efforts to lower its debt and liabilities.