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45 Leading Shipping Companies to Present at Capital Link’s 15th Annual International Shipping .
Capital LinkFebruary 11, 2021 GMT
SAILING INTO RECOVERY
NEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE)
Capital Link will be hosting its 15th Annual International Shipping Forum as a Digital Conference on Tuesday, March 2 and Wednesday, March 3, 2021, from 8:00am – 4:00pm EST. The event is organized in partnership with Citi and in cooperation with Nasdaq and NYSE.
Registration is complimentary.
Over the course of 2 days, the Forum will feature 82 senior executives from leading maritime companies, financiers and industry participants and will examine the macroeconomic issues that are shaping and transforming the international shipping markets today, offering a comprehensive review and outlook of the various shipping markets, made more relevant by the release of companies’ annual results.
Star Bulk Carriers Corp. Announces a Seven Vessel Transaction With Scorpio Bulkers Inc.
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced yesterday that it has entered into an agreement with SCORPIO BULKERS INC. (“Scorpio”) (NYSE: SALT) to acquire seven vessels (the “Vessels”), by assuming the outstanding lease obligations of the Vessels which are currently at $102.3 million. As consideration, the Company will issue to Scorpio three million newly issued SBLK shares. The transaction is subject to the approval of the lessor and customary documentation.
The transaction was negotiated by the Company on the basis of NAV to NAV.
Star Bulk Carriers Corp. Announces Delivery of Three Capesize Vessels
Star Bulk Carriers Corp. a global shipping company focusing on the transportation of dry bulk cargoes announced today that it has taken delivery of the three capesize vessels E.R. BAYONNE, E.R. BUENOS AIRES and E.R. BORNEO (the “Vessels”) from entities affiliated with E.R. Capital Holding GmbH & Cie. KG (“E.R.” or “Sellers”), pursuant to the transaction previously disclosed on December 17, 2020. The Cash Consideration of the transaction was financed through proceeds of a new five-year term loan from a leading European financial institution.
Following these deliveries, the Company has 99,239,716 common shares issued and outstanding.
Shipping Executive: We Can t Order New Tonnage While Carbon Rules Are So Uncertain
by Ship & Bunker News Team
Thursday January 21, 2021 Shipowners ordering new vessels today face a smorgasbord of options with little guidance over how their choice will be viewed in the decades to come. File Image / Pixabay A shipping executive has lifted the lid on the chronic uncertainty owners currently face over decarbonisation while pondering new additions to their fleet.
Hamish Norton, president of
Star Bulk Carriers, told a podcast this week that orders across the shipping industry were being held back by indecision over future regulation.
“ We re not brave enough right now to order a newbuilding in the face of environmental regulations that are clearly, let s say, unstable.