Though Greek owners continue to rule the global roost when fleet size and asset value, due to the unstable market conditions and new regulatory requirements, for the first time in decade on an annual basis in the 12 months to the beginning of March the size of the Greek-controlled fleet recorded a decline year-on-year.

A collision on Saturday between a Greek-registered bulk carrier and a Malaysian government vessel in disputed territorial waters has reignited politcal tensions between Singapore and Malaysia over an ongoing sovereignty claim of sea borders.

Polaris Shipping will install open-loop scrubbers on seven of its ships, using Langh Tech systems and retrofitting at South Korea’s STX Offshore & Shipbuilding.

Continuing its consolidation of the sector Star Bulk Carriers is buying Songa Bulk in a cash and share deal worth $327.95m.