Star Bulk and Eagle Bulk to merge
Athens-headquartered Star Bulk Carriers Corp. (NASDAQ: SBLK) is to acquire Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE: EGLE) in an all-stock merger on a Net Asset Value to Net Asset Value
bulk carriers
Eagle Bulk reports record full year profit
“Despite a weaker rate environment, our Q4 results cemented a record annual profit of roughly $250 million for 2022,” said Gary Vogel, CEO of Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE:
Berge Bulk partners with Kongsberg Maritime on decarbonization
Singapore-based dry bulk owner Berge Bulk and Kongsberg Maritime (KM) have signed a memorandum of understanding to jointly develop and advance the deployment of decarbonization technologies onboard dry bulk cargo vessels. Berge
Synergy Group to manage 17 Oldendorff bulk carriers
Synergy Marine Germany GmbH, a subsidiary of Captain Rajesh Unni’s Singapore-based Synergy Group, has signed an agreement that will see it manage part of the bulk carrier fleet owned by Germany’s Oldendorff
Bulkers: major charterers push for greener tonnage
Recently, the Baltic Dry Freight Index, the main measure of bulk carrier market health, has been hovering around 11-year highs. Demand has been sustained by fundamentals, such as an increase in Chinese
Why Cleaves is bullish on bulkers
The latest weekly report from Oslo-headquartered Cleaves Securities makes some optimistic predictions for the dry bulk sector. Noting that the Baltic Dry Index reached 3,053 points on Friday, the highest level since
Viridis plans for zero-emission ships by 2024
A company aiming to be the world’s first zero-emissions vessel operator says that it is already in discussions with shipyards with a view to having ammonia fueled vessels on the water by
Seanergy Maritime buys two Capesizes for $55 million
Glyfada, Greece, headquartered Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reports that it has entered into agreements with unaffiliated third parties that will see it pay a total of about $55 million to
VIDEO: Oldendorff explores Anemoi rotor sail solution for bulkers
Germany’s Oldendorff Carriers has signed a Joint Development Project (JDP) agreement with rotor sail specialist Anemoi Marine Technologies, Lloyd’s Register (LR), and Shanghai Merchant Ship Design and Research Institute (SDARI). The JDP
DESMI Ocean Guard bulker BWMS solution gains USCG and IMO type approvals
Nørresundby, Denmark-headquartered DESMI Ocean Guard A/S reports that a new configuration of its well-known CompactClean BWMS has been approved by both the U.S. Coast Guard and the Danish Maritime Authority. Named CompactClean