Star Bulk Carriers has agreed to buy 18 dry bulk vessels from two different companies in all-share transactions.
Songa Bulk will receive 13.725 million shares from Star Bulk’s common stock along with $145m in cash, as consideration for the transaction.
The shareholders of OCC will receive 3.39 million common shares of Star Bulk.
The Newcastlemax vessels are expected to be delivered by early-2019.
Rolls-Royce has partnered with AXA Corporate Solutions to develop advanced technological solutions for the autonomous shipping sector.
Rolls-Royce’s ship intelligence capabilities will be integrated with AXA’s risk analytical solutions to develop maritime products for vessels.
Both the companies will monitor the risk profiles and issues involved in ship automation.
AXA intends to develop customised products for the shipping industry using the data obtained by autonomous systems.
Silversea Cruises has awarded a €320m ($377.6m) contract to Fincantieri for the construction of a cruise ship designated as Silver Dawn.
The new vessel will become the third ship in the Silver Muse-class and will increase Silversea Cruises’ fleet to 11 ships.
The vessel delivery is expected to be completed in the fourth quarter of 2021.
Konecranes has received a contract to deliver two cranes to the new cargo terminal of the Port Dover in the UK.
The Konecranes Gottwald Model 5 Mobile Harbor Cranes will be deployed under the Dover Western Docks Revival (DWDR) programme.
Each crane will have a maximum lifting capacity of 125t and an outreach of 51m.
Norwegian Coastal Administration (NCA) has inked a Nkr250m ($31m) agreement with Kongsberg Norcontrol for the supply and maintenance of radars.
The scope of the contract includes maintenance and refurbishment of radars in NCA’s maritime traffic service areas.
Delivery of the radars is expected to take place between 2018 and 2027.
NCA intends to expand its maritime traffic services areas through the 11-year framework agreement.