Star Bulk and Eagle to merge, creating industry-leading dry bulk operator

NASDAQ-listed Star Bulk Carriers Corp. and NYSE-listed Eagle Bulk Shipping Inc. announce that they have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value (NAV) basis with a pro forma market capitalisation of approximately $2.1 billion, creating the world’s largest dry bulk shipping company. […]

Largest industry gathering at COP28 set out plans to deliver a net zero future

Following a day of active discussions at the ‘Shaping the Future of Shipping: Delivering a Net Zero World’ summit yesterday, a course was set to deliver on theI MO’s net zero strategy. The industry initiative brought together over 60 organisations to discuss tangible solutions to meet the ambitious net zero targets by or around 2050. […]

ABS chief honours IMO Secretary General on behalf of shipping industry

ABS Chairman and CEO Christopher J. Wiernicki (pictured, left) expressed the thanks of a grateful industry to IMO Secretary General Kitack Lim at the official gala dinner to mark the transition to his successor Arsenio Dominguez (pictured, right). Speaking to more than 250 assembled leaders of the shipping industry at COP28, Wiernicki detailed Secretary General […]

ITIC suggests EU ETS will cost the shipping industry billions

International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s (EU’s) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions. The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute limit on emissions of greenhouse gases (GHG) for vessels […]

WFW advises Okeanis on NYSE dual listing

Watson Farley & Williams (WFW) advised Okeanis Eco Tankers Corp. (Okeanis), as U.S. securities and Marshall Islands legal counsel, on its listing of common shares on the New York Stock Exchange (NYSE), including filing and having declared effective a registration statement with the U.S. Securities and Exchange Commission. In conjunction with its NYSE listing, Okeanis […]

Harbor Lab acquires SOFeXchange and DEMeXchange maritime software products

In a game-changing move to redefine the maritime industry, Athens-based Harbor Lab proudly announces the acquisition of two maritime software products, SOFeXchange and DEMeXchange, from Osiris Ltd. These strategic additions to Harbor Lab’s arsenal are set to revolutionise the way the maritime sector operates its ‘last mile’ processes, ushering in a new era of efficiency […]

Erik Thun selects Dynamic Drive from Berg Propulsion for fuel efficiency gains

Erik Thun Group has selected Berg Propulsion’s Dynamic Drive technology to optimise efficiency on board all 10 of its latest newbuildings. The Swedish owner confirmed its decision after pilot installations exceeded energy efficiency gain expectations, with the integrated drive solution helping to save 10% of fuel, rising to 20% in some operational conditions. As part […]

Renowned maritime law firms rebrand as Shearwater Law

Renowned maritime legal firms, Thomas Miller Law and Davies Johnson are pleased to announce that they have rebranded as Shearwater Law. The rebrand marks a significant milestone in their combined evolution. The comprehensive transformation encompasses a new name, brand identity and website and is set to redefine the firm’s presence in the market. The rebrand […]