Star Bulk Carriers to Buy Oceanbulk
Star Bulk Carriers Corp said it would buy Oceanbulk Shipping LLC and Oceanbulk Carriers LLC in an all-stock deal to create the largest U.S.-listed dry bulk shipper. Star Bulk is issuing 54.104 million new shares to buy the Oceanbulk companies, valuing the deal at about $653 million based on Star Bulk's Friday close of $12.07. The deal comes as the global dry bulk shipping industry is poised to recover from a severe downturn…
Fuel Savings Confirmed by Ships on ABB DC Grid
ABB say that the first documented results from Onboard DC Grid vessel confirm considerable fuel and noise reduction through the use of its Onboard DC Grid, where…
Gothenberg Port Offers GAC HullWiper Service
Ship service provider GAC inform that Gothenburg is the latest port to be added to the growing GAC EnvironHull network of bases offering HullWiper, its eco-friendly…
Norway's PM at DNV GL 'Double Milestone' Dinner
To mark the 150th anniversary of the Foundation Det Norske Veritas (DNV) and the one year anniversary of its merger with Germanischer Lloyd (GL), DNV GL says events attended by dignitaries…
Burning Low-sulphur Marine Fuels: Technical Advice
Typical technical problems experienced by shipowners when they are required to use low-sulphur fuels include issues with the supply and storage of lowsulphur fuel…
New Zealand Mulls Ocean Floor Mining Proposal
New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world's first commercial metals mine at the bottom of the sea.
Somali Pirates Finally Release 'Albedo' Crew Hostages
The International Transport Federation (ITF) informs that 11 seafarers held hostage by Somali pirates for over three and a half years have finally been released…
Bulker Fuel Oil Spill Clean-up Off Norfolk Va. Continues
The US Coast Guard says it continues to monitor clean-up efforts in the Elizabeth River at Lambert's Point in Norfolk. The National Response Center contacted Coast…
