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Eagle Bulk is one of the world’s largest owner-operators of midsize dry bulk vessels. Credit: Eagle Bulk Shipping

Star Bulk and Eagle Bulk to merge operations

Global shipping companies Star Bulk Carriers and Eagle Bulk Shipping will combine after signing a definitive agreement for a $2.1bn all-stock merger that will create the largest dry bulk shipping company listed in the US. 

The new company, led by Star Bulk’s existing management team along with some senior Eagle Bulk executives, will operate a 169-strong fleet ranging from Newcastlemax/Capesize to Supramax/Ultramax vessels. 

Inchcape gains full ownership of ISS-McKay

British maritime management company Inchcape Shipping Services has taken full ownership of New Zealand port agency company ISS-McKay after buying McKay Shipping Limited’s share of the joint venture. ISS-McKay, which has eight port offices across both the North and South Islands of the country, covers the cruise, dry bulk, tanker, liner and ship manager markets and was established in 2008 as a joint project with McKay Shipping.

Fjord1 sold to EDF Invest and DIF

Dutch investment company DIF Capital Partners and EDF Invest, the investment arm of French energy firm EDF, will acquire Norwegian ferry operator Fjord1 from Vision Ridge Partners and Norway’s Havila Holding. As Norway’s largest ferry operator, Fjord1 has a fleet of 81 vessels and serves roughly half of the country’s passengers with critical services between the mainland and islands for commuting, leisure, tourism and goods transportation.

Source: Pharmaceutical Technology

ZeroNorth and Alpha Ori Technologies to merge

Maritime technology companies ZeroNorth and Alpha Ori Technologies will merge into one company in an agreement that they hope will create a “new powerhouse” in shipping’s digital sector. The new company formed by the merger, which is subject to regulatory approval, will continue to operate under the ZeroNorth brand.