Hong Kong: Courage Marine is buying a 149,000-dwt capesize bulker Dong-A Saturn from Dong-A Tanker Corporation for $7.5m with delivery expected between 8-28 February.

Seoul: STX Dalian Shipbuilding, the Chinese unit of South Korean STX Group, won a KRW200bn ($187m) deal to build four 181,000 dwt dry bulk carriers for Frontline.

Bangkok: Thoresen Thai Agencies (TTA) is planning to raise as much as THB6.37bn ($214m) to buy ships as prices plunge to their lowest since 2003.

Zhanjiang: Following on from news last week that China may allow valemaxes into Chinese ports, Vale said it is considering setting up an iron ore distribution centre in the southern Chinese port of Zhanjiang where Baosteel is building a 10m tonne...

Kimitsu: Japan's port of Kimitsu has received a 400,000 dwt valemax for the first time on 19 January, Brazil's mining giant Vale announced.

Singapore: Loss making FSL Trust is facing charter renegotiations with two of its lessors. Singapore-listed FSL Trust said in its annual earnings statement that two of its lessors, which it did not name, had started charter renegotiations.  

Beijing: The world's largest dry bulk carrier valemaxes will be able to call at Chinese ports in 2013, according to Jose Carlos Martins, executive officer for ferrous minerals operations and marketing for Vale, Brazil's mining giant, reports said.

Jakarta: Indonesia's Supreme Court announced a ruling that annulled several articles in last year's Energy and Mineral Resources Ministry Regulation No. 9 which would benefit local governments and mid-sized miners, and stymie the Indonesian...

Zhuhai: A coal reserve and shipping center at China's Zhuhai port has commenced trial operation on Wednesday.

Beijing: Sinotrans CSC is looking to order up to ten 64,000 dwt dry bulk carriers from China State Shipbuilding Corporation (CSSC).