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Pierre Aury dissects the merger between Star Bulk and Eagle Bulk. December 11 last year saw Star Bulk Carriers Corp and Eagle Bulk Shipping announce that: “the companies 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 …
https://splash247.com/why-fleet-growth-is-not-a-guaranteed-recipe-for-success/
https://splash247.com/why-fleet-growth-is-not-a-guaranteed-recipe-for-success/The developer of an innovative towboat engineered to run on hydrogen generator technology has signed a Design Basis Agreement (DBA) with the U.S. Coast Guard, helping to clear the regulatory path toward the vessel's eventual entry into service.The first-of-its-kind vessel…
https://www.marinelink.com/news/maritime-partners-uscg-ink-design-basis-513474
https://www.marinelink.com/news/maritime-partners-uscg-ink-design-basis-513474When Bertrand Charrier worked with Jacques Cousteau four decades ago on the development of a revolutionary sail for the maritime industry, the time for widescale adoption of wind power wasn’t right. Now, he argues, there’s simply no time to…
https://www.marinelink.com/news/power-sailing-toward-shippings-climate-513475
https://www.marinelink.com/news/power-sailing-toward-shippings-climate-513475The U.S. Navy's efforts to build a fleet of unmanned vessels are faltering because the Pentagon remains wedded to big shipbuilding projects, according to some officials and company executives, exposing a weakness as sea drones reshape naval…
https://www.marinelink.com/news/sea-drone-warfare-arrived-us-floundering-513477
https://www.marinelink.com/news/sea-drone-warfare-arrived-us-floundering-513477O3S – Oil Senegal Support Services, a homegrown Senegalese operator servicing the country's fledgling offshore energy sector, has ordered a new 36-meter fast supply vessel (FSV) from Singaporean shipbuilder Penguin International. Construction on the new FSV is expected to start later this year…
https://www.marinelink.com/news/senegals-os-orders-fast-supply-vessel-513479
https://www.marinelink.com/news/senegals-os-orders-fast-supply-vessel-513479Workers at Australian state-owned submarine builder ASC Ltd began on Monday a campaign of strikes for higher wages that could disrupt maintenance for Australia's submarines even as it prepares to build the nuclear-powered AUKUS fleet.Roughly…
https://www.marinelink.com/news/australian-submarine-maintenance-facing-513482
https://www.marinelink.com/news/australian-submarine-maintenance-facing-513482Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter.Maersk and other shipping companies have diverted vessels…
https://www.marinelink.com/news/red-sea-disruption-cut-asiaeurope-513483
https://www.marinelink.com/news/red-sea-disruption-cut-asiaeurope-513483Retired Adm. Craig Faller has assumed the position of Chairman of the Board of Directors of the Surface Navy Association (SNA), a nonprofit promoting coordination and communication among military, business and academic communities with an interest…
https://www.marinelink.com/news/adm-craig-faller-chair-surface-navy-513484
https://www.marinelink.com/news/adm-craig-faller-chair-surface-navy-513484The European Union would ban trans-shipment of Russian LNG, the use of EU ports by vessels transporting goods contributing to Russia's war effort and make EU operators more accountable for any sanctions violations, according to a text under…
https://www.marinelink.com/news/new-eu-sanctions-hit-russian-shipping-513488
https://www.marinelink.com/news/new-eu-sanctions-hit-russian-shipping-513488The International Transport Workers’ Federation (ITF) is calling out Dubai-based ship management company Middle East Marine LLC for what it described as "the worst case of serial seafarer abandonment ever seen", involving the systematic abuse…
https://www.marinelink.com/news/middle-east-marine-put-blast-worst-case-513489
https://www.marinelink.com/news/middle-east-marine-put-blast-worst-case-513489