Taiwan’s dry bulk carrier shipowner Wisdom Marine is looking to raise up to TWD320m ($10.8m) via the issuance of new shares for the purpose of financing new ships.

Indonesia’s Samudera Shipping Line has recorded higher profit for the second quarter amid the ongoing industry headwinds marked by supply-demand imbalance and low freight rates.

Japan’s NYK has contracted Wartsila to install scrubbers on two new 56,000-dwt handymax bulk carriers, making them the first vessels in NYK’s fleet to be installed with exhaust gas cleaning systems.

Yangzhou Dayang Shipbuilding, subsidiary of embattled Sinopacific Shipbuilding Group, has declared bankruptcy and ceased all operations at the shipyard.

Global newbuilding orders have dwindled in the first half of this year to 245 units, dragged down by reduced interest for containers and zero order for offshore vessels, but new orders for bulkers and tankers have risen, according to data from...

Oslo-listed Jinhui Shipping and Transportation has raised approximately NOK201.71m ($25.07m) from an oversubscribed rights issue that was completed last Friday.

After taking various big plunges into the deep, there is no other way for capesize market to go but up. Improved paper market sentiment on paper seems to provide the perfect ingredients for rebound but if there is a need for more cargoes on the...

China Merchants Energy Shipping (CMES) has warned investors of a significant decline in net profit for the first half ended 30 June 2017 compared to the year-ago period.

Oslo-listed Jinhui Shipping and Transportation is looking to raise around NOK201.7m ($24.1m) from a rights issue with the sale of more than 25m new shares at a 14.8% discount.

Taiwan’s U-Ming Marine Transport Corporation welcomed its fourth ultramax series from Japan’s Oshima Shipbuilding following a christening and delivery ceremony held on Friday.