China’s Shanghai Waigaoqiao Shipbuilding (SWS) has won an order to build two 180,000 dwt bulk carriers for Foremost Group, a New York-based shipping, trading and finance enterprise, reports said.

Newbuild contracting activity for VLCCs has risen to the highest level since 2008, prompting Bimco to warn of a potential “fundamental imbalance” that would take “years to overcome.”

Cautious optimism is in the air over the shipping industry’s fortunes over the next 12 months, lifting confidence in the sector to a three-year high for the three months ended 31 May 2017, according to the latest Shipping Confidence Survey from...

Taiwan’s China Steel Express Corporation (CSE) has placed orders for four large bulker carriers at a total price of $187m with shipbuilders CSBC Corp and Japan Marine United.

Hyundai Heavy Industries (HHI) has landed a contract to build three VLOCs for compatriot Polaris Shipping Co, the local media reported.

Shipowner Courage Marine, which currently owns only two bulk carriers, has proposed to split one existing share into three in an attempt to boost trading liquidity.

Dubai-based Tomini Shipping has booked three 64,000-dwt ultramax bulk carriers at China Shipping Industry (Jiangsu) Co, reports said.

Japan’s Mitsui OSK Lines (MOL) has signed a coal transport contract with Thermal Powertech Corporation India Limited (TPCIL), jointly owned by Singapore’s Sembcorp Industries and India’s Gayatri Projects Limited.

Shanghai Shipyard, subsidiary of China State Shipbuilding Corp (CSSC), has clinched an order to build a pair of 100,800 dwt dry bulk carriers for Estonia’s Platano Eesti.

Alternative investment firm Uni-Asia Holdings, which operates dry bulk vessels via Uni-Asia Shipping, has commenced an internal restructuring by a scheme of arrangement.