Charter rates for container ships have come under pressure after a spring rally that saw fixing levels in this sector climb to the highest levels in more than one-and-a-half years.

ICTSI's Manila terminal

International Container Terminal Services Inc pulled out of a concession agreement to operate what was slated to become one of the largest container terminals in sub-Saharan Africa.

Stellar Daisy

Polaris Shipping, the South Korean operator of the missing vessel Stellar Daisy, has reached and paid a compensation agreement with families of missing crew members.

Hanjin Paradip

JP Morgan acquires second bulk carrier from now-defunct Hanjin Shipping amid firming asset values and better market sentiment.

Coal mining in China

China’s coal imports surge in the first quarter of the year, backed by healthy demand in power generation and further economic sanctions with North Korea.

Busan New Port.

Hanjin Transportation, the third-party logistics arm of the Hanjin Group, acquires controlling stake in Hanjin Busan Newport.

Bjornsson: Improving safety on board ships by analysing big data is as important as using it for fuel savings and emission reductions

Big data has a key part to play in improving ship safety thanks to better, smarter analytic tools entering the market, said industry experts speaking at Nor Shipping 2017.

DNV GL ECO Insight system for mobile phones, launched this spring, allows owners to monitor their vessels on their smart phones.

Cobelfret unit orders two additional ro-ro ships from Korean yard, taking to eight the number of orders it has for the vessel type.

Ocean Amber

Hong Kong-based Noble Group offloads bulk carrier amid mounting debts as the industry’s downturn worsens its cash flow.

Fear of change often impedes automation and digitalisation in shipping, says Softship's Lars Fischer.

The willingness to change is key to automating and digitalising the shipping industry, says Lars Fischer, global sales director of Softship. 

DSME shipyard

South Korean shipbuilder DSME has decided to sell its construction subsidiary and reduce office space as part of efforts to expedite its self-rescue plan.

An artist's impression of Busan New Port

Foreign trade-related container throughput at ports in South Korea expanded by 10.5% year on year in April on the back of the highest monthly growth in the value of exports since mid-2011.