Indian shipowner Transworld Group is continuing to grow its dry bulk fleet with acquisition of a handysize vessel.

Great Eastern Shipping Co and the London-based Foresight Group are among the leading names that have put in bids to buy national carrier Shipping Corporation of India (SCI), which has been put up for sale by the Indian government.

Dajin Heavy Industry, a subsidiary of Bestway Marine and Energy Technology, has signed two shipbuilding contracts for the construction of four bulk carriers and two deck cargo ships.

Dry bulk shipping looks set to face a challenging year ahead despite having enjoyed an “unseasonably robust start” to 2021, according to Bimco.

Maersk Tankers and Cargill are launching a new joint bunker procurement service both for their own fleets and to serve third party tramp shipping and trading houses.

A normally quiet time of the year for dry bulk shipping is seeing increased activity backed by slowing net fleet growth, signalling positive near-term earnings for the market, according to consultancy firm MSI.

Swire Shipping celebrated the official opening of its new office in the Port of Lae, Papua New Guinea (PNG) on Friday.

Shipping stocks in the US are drawing a new found interest and volume and analysts believe that the market could be headed for a multi-year upturn.

The International Transport Workers’ Federation (ITF) has called on owners of vessels stranded for many months off China to follow the lead of MSC on crew change.

Nasdaq-listed Eagle Bulk Shipping has announced the acquisition of three secondhand supramax bulk carriers for a total of $21.15m and using 329,583 common shares of the company.