(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.

(LONDON) Ship container volumes from Asia to Europe rose for a third consecutive month in January, growing by over 10 per cent year on year in the biggest monthly rise since records started in October 2008, data on Tuesday showed.

MUTUAL insurer International Transport Intermediaries Club (ITIC) says there has been an increase in the number of professional indemnity claims made against professional service providers who are its members.