HK shipping boss dies at 87 KOO KOU-MING, who fled the 1949 Communist takeover of China to become one of Hong Kong’s most respected shipping leaders, has died at age 87.Read more: Fairplay Daily News

Manila welder electrocuted A WELDER was killed when he was electrocuted while repairing a cargo ship docked at Manila North Harbour.Read more: Fairplay Daily News

Singapore's key exports grow strongly in February Singapore said Wednesday that its key non-oil domestic exports (NODX) saw strong growth in February, bolstered by improved demand from the European Union and Asian markets.Read more: Latest News

JFE, Sumitomo Agree to 55% Coal Price Rise With Rio JFE Holdings Inc. and Sumitomo Metal Industries Ltd., Japan’s second- and third-largest steelmakers, agreed to a 55 percent increase in coking coal prices with Rio Tinto Group and Teck Resources Ltd.Read more: Latest News

Cosco share sale to fund new ships China Cosco Group, the world's second largest shipping company, announced on Tuesday plans to raise as much as 3.9 billion yuan, one day after its real estate subsidiary stunned the public by buying land at a record high price in...Read more: Latest News

Statoil awards contract bonanza NORWAY’S oil major Statoil said today it has awarded Fred Olsen Energy a $421M contract.Read more: Fairplay Daily News

Pirate suspects face prosecution EU NAVFOR has handed over 11 suspected pirates to authorities in the Seychelles for prosecution.Read more: Fairplay Daily News

Pirates get Tromped THE LATEST attempt by pirates to attack a vessel in the Indian Ocean unsurprisingly failed this morning: its target turned out to be a Dutch warship.Read more: Fairplay Daily News

Two industry awards recognise Inmarsat innovation Inmarsat has won two awards for innovation from leading satellite industry organisations.Read more: Inmarsat - Maritime news

APL takes $300m loan APL is taking a $300m term loan from a syndicate of banks led by Sumitomo Mitsui Banking Corp. The $300m term loan is guaranteed by APL’s parent NOL and will be used for “general corporate funding purposes”.Read more: Latest News

Somali Pirates Release Tanker Somali pirates released a chemical tanker and its North Korean crew on Tuesday, after holding the vessel for four months.Read more: Latest News

Idle fleet continues to slide The number of idle containerships continued its slide over the last two weeks with 474 units for 1,22 Mteu recorded to be idle on 15 March, based on Alphaliner’s fortnightly survey.Read more: Latest News

LNG shares rise on comment SHELL CEO Peter Voser’s forecast about Asia Pacific’s LNG shipping potential has propelled a rise in shares of LNG-focused stocks.Read more: Fairplay Daily News

No watch on collision vessel AN INQUIRY has found that a fishing boat that sunk in a collision with a bulker off northern Australia had no lookout – and its radar had been switched off.Read more: Fairplay Daily News

Doubt cast on Balkan pipeline TRANSNEFT has reportedly told the Kremlin's that there is not enough Russian crude to make the proposed Burgas-Alexandroupoli pipeline commercially feasible.Read more: Fairplay Daily News