India, South Korea Team Up on Port Development

India and the Republic of Korea have signed a Memorandum of Understanding (MoU) for cooperation and mutual assistance in the development of ports, ahead of the Maritime India Summit to be held from 14 to 16 April being held in Mumbai. The signing of the MoU is expected to help both countries encourage and facilitate…

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Multipurpose Shipping to Pull Through by End of 2017

The multipurpose shipping market is not expected to recover until the end of 2017, when more bulk demand is anticipated for the Handy vessels and therefore more breakbulk cargoes for multipurpose vessels, according to the latest report from shipping consultancy Drewry. The last 12 months have been dreadful for the multipurpose vessel (MPV) market with…

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