Shippers avoid new ‘pirate hotspot’ in waters west of the Philippines

A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations.

HMM Disposing of Port Terminal Stake to Avoid Bankruptcy

South Korea’s troubled shipping company Hyundai Merchant Marine (HMM) has decided to sell its stake in the ...

Dry bulk FFA market: Turkeys get stuffed but bulkers avoid the beaches

At the end of a year in which the markets were so poor that even the most committed traders have already...