Uni-Asia Holdings has informed that one of its bulk carriers had collided with a fishing boat in South Korean waters on 11 January, leading to the capsize of the fishing boat and death of the two boat crew.

Dry bulk shipowner Courage Marine has announced a plan to raise up to HKD97.03m ($12.51m) from the placing of 25.4m new shares.

Taiwan’s Wisdom Marine has registered lower earnings for 2016 due mainly to the low freight rates on the back of a weak dry bulk shipping market.

The freight has ended the year of 2016 with its head held high, chest up and letting off a sigh of relief. The worst has been over and the market has showed its resilience by bouncing back from the nadir. Does the new year of 2017 offers further...

Athens-based Euroseas has sold a 72,119-dwt dry bulk carrier for scrap, and took delivery of a secondhand 1,645-teu feeder boxship.

China’s Cosco (Zhoushan) Shipyard has agreed to extend the delivery of a newbuilding bulk carrier by one year at the request of the European shipowner.

Norden has landed its biggest bulk shipping contract to transport up to 24m tonnes of coal to the Philippines over a 10-year period.

Hong Kong-listed Jinhui Holdings is expected to formalise agreements with its lenders over restructuring of debts before the end of 2016, the company confirmed as it announced a third quarter loss.

Dry bulk shipping is witnessing Chinese imports of coal rising to two-year high, but shorter sailing distances are limiting the upside of the higher imports, according to Bimco.

Athens-based Diana Shipping has terminated discussions with lenders without a deal but the shipowner maintained that it is “current in all payments” for existing loans, as it announced a deeper third quarter loss.