(SEOUL) Despite a sliding stock market, bidders for South Korea's Daewoo Shipbuilding may have to pay a hefty premium and large fees to snap up the coveted US$4 billion asset amid upbeat prospects for the sector.

(HONG KONG) STX Shipbuilding Co, the owner of Europe's largest shipyard, said that it received a 214.1 billion won (S$288 million) order from Europe for two bulk carriers, filling an opening from a cancellation.

(LONDON) The Baltic Dry Index, a measure of shipping costs for commodities, had an eighth consecutive decline on reduced demand for so-called panamax vessels to haul grains.