(LONDON) The Baltic Exchange said on Wednesday it had changed the way its chief sea freight index was calculated in a move aimed at boosting freight derivatives trading.

(FRANKFURT) AP Moller-Maersk's liner shipping business expects stagnation at best in the industry next year but will not cut freight rates to win more market share, the head of the division told a German newspaper.

(SINGAPORE) There were 10 piracy incidents in the region in May, up from seven in the same month last year, the ReCAAP Information Sharing Centre said yesterday in its monthly report for May.