SRT makes first move into black Software Radio Technology breaks into the black for the first time since joining Aim five years ago on the back of a surging order bookRead more: FT.com - Shipping

Jobless claims drop 6,000 to 472,000 The number of people applying for unemployment benefits fell by 6,000 to 472,000 in the week ended Aug. 28, but first-time claims remain at an elevated level, government data showed ThursdayRead more: Latest News

Asia Steel-China prices rise on improved market sentiment Steel prices on the Chinese domestic market got a lift this week in anticipation of rising demand in September following the lull in July and August. Construction steel prices inched up to 4,030-4,050 yuan ($591.8) per tonne in Shanghai onRead more: Latest News

Hamworthy launch new offshore pump range Hamworthy Svanehøj has launched the first of what will become an entirely new range of combined sea water lift and fire pumps that meet the requirements of the offshore marketRead more: Latest News

Polish yard worker killed A SHIP repair worker, 59, was reportedly killed today at Poland’s MSR yard in Swinoujscie.Read more: Fairplay Daily News

US wheat exports surge A MAJOR new contract to sell wheat to Egypt has underscored the growth in US seaborne agribulk trades, even as competitors suffer.Read more: Fairplay Daily News

Typhoon disrupts Korean ports TYPHOON Kompasu weakened to a tropical storm today after it made landfall in South Korea and passed over the capital Seoul.Read more: Fairplay Daily News

Eco-friendly shipping tops Korean maritime conference agenda Environment issues led the agenda at this year’s Seoul International Maritime and Shipbuilding Conference (SIMS) staged by the Korean Register of Shipping in Seoul today (2 September 2010).Read more: Latest News

CSAV revamps Indus to launch new Asia-America service CSAV is starting a direct container shipping service between the Indian subcontinent, the Far East and the US west coast by expanding the port rotation of its existing FE-ISC Indus service in September.Read more: Latest News

DryShips Initiated as Neutral We initiate our coverage for DryShips Inc. with a Neutral recommendation, which means the stock will perform mostly in line with the broader market. The company’s second quarter 2010 financial results outperform the Zacks Consensus Estimates.Read more: Latest News

ISM Index of Manufacturing in U.S. Unexpectedly Rose Manufacturing in the U.S. expanded at a faster pace than forecast in August, signaling the industry that led the recovery will keep it from faltering. The Institute for Supply Management’s factory index rose to 56.3 from 55.5 in July, the...Read more: Latest News

Coal India to issue 6 mln T import tender: chairman State-run Coal India Ltd is likely to issue a tender in the next three months to import 6 million tonnes of coal, Chairman Partha Bhattacharya said, to bridge a shortfall in domestic availability. India, which produces only a small quantity...Read more: Latest News

China's Yangzijiang Shipbuilding Sells Stock at Top End of Range in Taiwan Yangzijiang Shipbuilding Holdings Ltd., the first Chinese-owned company to sell shares in Taiwan, priced its stock at the top end of its range, underscoring warming ties between the economies. China’s fourth-biggest shipbuilder will raise S$153 million ($112 million) by selling...Read more: Latest...

K-Sea stock hammered SHARES of tank-barge operator K-Sea Transportation are today being clobbered for the second straight day, as investors await news on credit negotiations.Read more: Fairplay Daily News

Armada hunts Ashapura assets ARMADA Singapore is moving to seize US assets of Indian mining giant Ashapura to collect more than $67M in London arbitration awards.Read more: Fairplay Daily News