Star Bulk Carriers Corp. on Tuesday announced that it has completed its merger with fellow dry bulk shipping company Eagle Bulk Shipping Inc.Eagle Bulk shareholders this week voted to approve the $2.1 billion deal, which was first announced in December 2023.Under the terms of the merger agreement, each Eagle shareholder received 2.
A ship carrying tonnes of food for Gaza remained docked in a Cyprus port on Sunday as preparations were underway to launch a yet untested maritime aid route to the enclave, where the United Nations estimates a quarter of the population faces starvation.The Open Arms, a salvage vessel, plans to tow a barge with 200 tonnes of food, mostly funded by the UAE.
Greece-headquartered Star Bulk will halt sailings through the Red Sea after Yemen's Iran-aligned Houthis attacked two of its ships in recent days, the group's CEO said.The Houthis have targeted commercial vessels with drones and missiles in the Red Sea since mid-November in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.
Yemen's Iran-aligned Houthis have targeted a cargo ship in the Red Sea which shipping analysts said on Monday had been carrying corn to Iran.It appeared to be the first time the Houthis have targeted an Iran-bound vessel since starting attacks on international shipping in solidarity with Palestinians over the Israel-Hamas war in Gaza, shipping sources said.A U.S.
Yemen's Iran-aligned Houthis said on Tuesday they had fired missiles at two vessels in the Red Sea, causing damage to the ships.The Houthis have been targeting commercial vessels with drones and missiles in the Red Sea since mid-November, in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.
Yemen's Iran-aligned Houthis fired missiles at two vessels in the Red Sea, they said on Tuesday, causing minor damage to a cargo ship that was sailing off the coast of Yemen's Hodeidah.The Houthis have been targeting commercial vessels with drones and missiles in the Red Sea since mid-November, in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.
The US Coast Guard is continuing to assess a fire reported on the 410-foot general cargo vessel Genius Star XI off Dutch Harbor, Alaska.The vessel is carrying lithium-ion batteries, and the fire started on Christmas Day in cargo hold No. 1. The crew released carbon dioxide into the hold and sealed it over concerns of an explosion.
The first large cruise ship ever to be built in China has been delivered, potentially leading the way for a new market player to rise within the global cruise shipbuilding industry.The 5,246-passenger Adora Magic City, built by China State Shipbuilding Corporation’s (CSSC) Shanghai Waigaoqiao Shipbuilding (SWS) based on Fincantieri' Vista-class design
Twelve mariners were rescued after a small cargo vessel capsized near the Dominican Republic.Carnival Corp said the crew aboard its cruise ship Carnival Vista rescued six from the water early Wednesday morning after the cargo vessel Two Brothers capsized about 30 miles north of Puerto Plata overnight.
Dry bulk shipping companies Star Bulk Carriers and Eagle Bulk Shipping have reached a deal to merge in a $2.1 billion all-stock deal.The terms of the definitive agreement have received unanimous approval from the boards of directors of both New York-listed ocean carriers, and the companes expect the deal to close in the first half of 2024 following approvals from regulators and Eagle shareholder.
The Windward Offshore consortium said Monday it had ordered two state-of-the-art Commissioning Service Operation Vessels (CSOV) from VARD to "establish a sturdy basis for its maritime asset services focusing on bolstering the burgeoning offshore wind industry."Winward Offshore is a consortium currently under establishment and is led by SeaRenergy Group in collaboration with Blue Star Group
Maersk has teamed up with its majority owner to form a new company to produce "green methanol", the shipping company said on Thursday, as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.Green methanol, produced either from biomass or captured carbon and hydrogen from renewable power