THE 4th annual meeting of the region's anti marine piracy council concluded yesterday with the governors expressing renewed concern over continuing incidents in the Gulf of Aden and off the coast of Somalia.

(NEW YORK) Baltic Trading Ltd, the New York-based shipping company formed to operate dry-bulk vessels, raised US$228 million in its initial public offering after selling shares at the low end of its price range.

(SINGAPORE) With the hard work and the active encouragement of the Maritime and Port Authority (MPA), Singapore saw yet another big shipping industry player set up shop with the Swire Group's deep-sea shipowning and operating arm China Navigation Co (CNCo) opening its new head office at The Concourse this week.