Ship management has a new superpower. Private equity-backed OSM Maritime is to merge with Singapore’s Thome Ship Management to create a fleet of more than 1,000 ships under third-party management. Singapore-based Thome Group proved a more than a willing partner for the private equity-backed company’s growth ambitions. Their shared Norwegian heritage is likely to help smooth integration as the outfit looks to size to for an advantage over the competition.

Next up, international bank HSBC has been steadily lowering its exposure to Greek shipping, according to several shipping and ship finance players in Athens.