After a year in which the “unthinkable” happened in dry bulk shipping Precious Shipping is forecasting “extreme volatility” in demand.

Dry bulk shipowner Courage Marine has alerted investors of an expected narrowing of its loss in 2016 by approximately 50% compared to 2015, and sold a loss-making six-year-old bulker.

China’s state-owned Zhejiang Shipping Group has received a cash injection from its parent firm Zhejiang Communications Investment Group to help strengthen the shipowner’s finances.

China’s Jinhai Heavy Industry has clinched an order to construct four 208,000-dwt newcastlemax bulker carriers from Greece’s Chartworld Shipping.

South Korea’s Pan Ocean has concluded its 2016 financial year with a surge in net profit while revenue remained stable.

Sinotrans Shipping has warned investors of a wider net loss for the financial 2016 compared to the deficit recorded in 2015 due to the continuing sluggish shipping market.

Mitsui OSK Lines (MOL) has entered into an agreement to launch a joint study of a LNG-fueled capesize bulker with five other companies – BHP Billiton, DNV GL, Rio Tinto, Shanghai Merchant Ship Design and Research Institute (SDARI) and Woodside...

Alternative investment firm Uni-Asia Holdings, which operates dry bulk vessels via shipowning arm Uni-Asia Shipping, has proposed an internal restructure by way of a scheme of arrangement.

China Merchants Energy Shipping (CMES) has projected a surge in 2016 net profit over the previous year due mainly to higher earnings from both its tanker and bulker shipping arms, as well as from government subsidies.

A christening and delivery ceremony for U-Ming’s pair of new 188,000-dwt capesize bulkers took place at Shanghai Waigaoqiao Shipbuilding (SWS) in China earlier this week.