ASEAN “Super Shuttle” starts with a 1% load

Davao - M/V “Super Shuttle RORO 12”,the vessel servicing the Davao-GenSan-Bitung route left for the Indonesian port Sunday, loaded with only one percent of its 500-TEU (twenty-foot equivalent unit) total cargo capacity. The route was launched by Philippine President Rodrigo Duterte and Indonesian President


World’s top two shipyards signal more orders

Seoul - The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding & Marine Engineering Co. averted a payment crisis this month after bondholders agreed to a debt revamp


Diana closes US$80.5 million public offering

Athens - Diana Shipping,a global shipping company specializing in the ownership of dry bulk vessels, today closed its previously announced underwritten public offering of a total of 20,125,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share


Iron ore has further to fall to knock out unconventional supplies

London - The problem for industry participants is how to wrestle with the factors that have driven, or are likely to drive, prices for the rest of the year.


Premuda, shares held by Generali zeroed out

Milan - Consob yesterday formalised the total liquidation of 65.687% and 5.915% shareholding packages in Premuda held by Navigazione Italiana, which is being liquidated, and Assicurazioni Generali. Trading of the shipping company Premuda’s shares on the stock exchange was suspended indefinitely on 31 March

Tanker firm Frontline files legal complaint against DHT
A slow decline in break bulk cargo at Italian ports / FOCUS
Somali pirate sentenced to life over USS Ashland attack
China launches first home-built aircraft carrier amid S.China Sea tension
Somali pirates engage in shootout with cargo ship crew / VIDEO