The Baltic Dry Index rises as rates for Capesize vessels surge higher, breaching the USD20,000 mark, backed by stronger rates for bulk carriers across other segments.
Delay doesn't affect the launch of the THE alliance at the start of April, Hapag-Lloyd said.
The government said it would propose a new decree next week, adding that he hoped that agreement on it could be reached by next Friday (24 March).
Mitsubishi Heavy Industries is considering spinning off its troubled shipbuilding division as it struggles under weak demand and low orderbook.
Japanese shipping lines plan to revise time-charter contracts for vessels amid structural reforms and prolonged downturn in the sector.
While the hijacking of the bunkering tanker Aris 13 has reportedly ended without casualties or ransom taken, officials in the US and UK are calling on shipowners and governments to renew anti-piracy efforts.
A predicted shortfall in officer numbers and competence has implications that should worry the industry
Bourbon says it does not expect to see recovery in deep and shallow water offshore segments this year as it posts losses for 2016.
Oilfield service provider Ezra Holdings has halted trading on the Singapore Exchange as its Japanese joint-venture partner, Chiyoda Corporation, unveiled changes in its management team.
Labour union calls on South Korean private banks to ease on refund guarantees, which are essential in helping debt-stricken Sungdong Shipbuilding & Marine Engineering win new orders to stay afloat.