OSM Thome merger gets green light from authorities in largest ship management merger ever

Competition authorities have now approved the merger of OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. Several of the world’s leading shipping companies are customers of OSM Thome, and the fleet includes various […]

INTERCARGO reaches membership milestone

The International Association of Dry Cargo Shipowners (INTERCARGO) has reached an historic membership milestone. The Association now represents 32% of the global dry bulk fleet (total) DWT. INTERCARGO, which meets in Dubai this week for its Semi Annual Meetings, now has within its global fleet more than 3,200 bulkers registered by more than 155 dry […]

Free money for shipping has ended, but banks remain enchanted

Hamburg-based ship finance platform oceanis predicts a strong six months in its Q2 State of Ship Finance report. Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects, it […]

EST-Floattech contracted to power new Damen E-Cat for AG Reederei Norden-Frisia

The recently launched Octopus Series battery system will be installed onboard the new Damen Electric Fast Ferry for AG Reederei Norden-Frisia. The German Ferry operator is taking steps towards achieving its vision of a green future by partnering with Damen Shipyards, one of the world’s leading shipbuilders, for the design and construction. The fully electric […]

Inmarsat to launch I-8 satellites to power L-band network

Inmarsat has announced its new Inmarsat-8 small satellites will launch in 2026 to provide crucial safety services and support advances in emergency tracking – securing the future of Inmarsat’s global L-band safety services. Switzerland-headquartered SWISSto12 – one of Europe’s fastest growing aerospace providers – will develop its new eighth-generation spacecraft. It will use its HummingSat […]

VARD secures contract for two CSOVs for Purus Wind

Global designer and shipbuilder of specialized vessels VARD is pleased to announce that we have signed a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) for UK-based Purus Wind. The agreement also has an option for two additional vessels. Offshore wind services provider Purus Wind has committed to contribute to […]