DRY bulk demand will be strong this year. But the dry bulk shipping market remains uncertain due to over-supply, which is likely to worsen in the second half as deliveries of new vessels increase, Norden Singapore's managing director Peter Borup said yesterday.

(VALENCIA) Lack of wind postponed the start yesterday of the first race of the 33rd America's Cup, pitting defending Swiss champions Alinghi against US side Oracle in a best-of-three series.

(RIO DE JANEIRO) Stena Bulk, a Swedish shipping company, said it is ordering four tankers from Samsung Heavy Industries Co for US$268 million to ship crude from Brazil, home of the Americas' biggest oil discovery in three decades.