Thoresen Shipping Singapore has purchased an 11-year-old supramax bulk carrier at a price of $7.9m as part of the shipowner’s ongoing fleet renewal plan.

Pan Ocean has reported a 55% year-on-year plunge in first quarter profit despite a rise in revenue, due mainly to the absence of a one-off gain recorded for the year-ago period.

China’s Chengxi Shipyard has on Thursday landed an order to build four 81,200-dwt bulk carriers for Korea Shipping Corporation.

Navios Maritime Partners has announced a $31.05m acquisition deal for a secondhand South Korea-built capesize bulk carrier that comes attached with a charter contract until 2018.

Taiwan Navigation has ordered two ultramax bulk carriers at a total price of $51m from Japan’s Oshima Shipbuilding.

Dryships Inc. has stayed in the red for the first quarter of 2017 but it managed to significantly narrow its loss compared to the year-ago period, and looks forward to strengthening its bottomline with an expanded fleet.

Courage Marine may terminate a vessel sale agreement with a buyer as the deal may jeopardise the company’s listing and shares trading on the Hong Kong Stock Exchange (HKSE).

The lingering tonnage glut that is troubling the global dry bulk shipping market may soon see a considerable deflation to match demand, in view of increasing trade flows coupled with upcoming IMO regulations that would accelerate scrapping of...

Japan’s Nippon Yusen Kaisha (NYK Line) has suffered a massive JPY265.74bn ($2.39bn) loss for its fiscal year 2016, due mainly to extraordinary losses amounting to JPY256.83bn.

The second day of Sea Asia 2017 saw an impassioned debate as to whether “the best days of the private independent shipowner are over”.