Tokyo: Kawasaki Kisen Kaisha Ltd (K Line) has delayed plans to expand its dry bulk fleet as continuing oversupply drags on rates.

Singapore: Cosco Corporation (Singapore) Limited announced that its subsidiary shipyard has secured a $41m contract from a European company to build two dry bulk carriers of 35,000 dwt each.

Kuala Lumpur: Bulk and tanker player Malaysian Bulk Carriers saw net profit for the first nine months fall 37% to MYR48.5m due to continuing weakness in dry bulk and tanker rates.

Seoul: South Korea's five electric power firms have launched a joint tender on Monday for nine new capesizes.

Shanghai: The Shanghai Shipping Exchange (SSE) will launch China's first dry bulk and oil import indices on Wednesday.

Kalimantan: Bridge repairs may cause Kalimantan's main Mahakam river to be unusable for vessels including coal barges for part of November,according to reports.

Singapore: Kuok-owned Wilmar International and Archer Daniels Midland (ADM) have launched their partnership in global ocean freight.

Zhoushan: Savvy owners are picking their way through Asia's beleaguered yards and snapping up bargains with Diana Shipping Inc the latest to announce a deal to acquire a newly-built 98,704 dwt post-panamax dry bulk carrier built by Tsuneishi Group...

Shenzhen: Chinese firm CSC Phoenix is significantly reducing its fleet size as part of an attempt to lower operating cost and optimise its asset structure.

Tokyo: Daiichi Chuo Kisen Kaisha is prepared to cancel ship orders and reduce fleet size to help weather the current downturn in dry bulk shipping market.