OSM + Thome merger gets regulatory green light: Regulators have approved the merger of OSM Maritime Group and Thome Group in what is reportedly “the largest ship management merger ever,” according to a press release. The merged entity, OSM Thome, will be based in Norway with operations in 22 countries, the release said. OSM Thome, whose clients include some of the world’s most prominent shipping outfits, manages nearly 450 ships and is responsible for crewing an additional 500. The firm’s fleet cuts across various segments including tank, bulk, container, car ships and offshore vessels, according to the statement.

The approved merger could take up to a year to complete, and the company currently has no other targets for consolidation in the sector, OSM CEO Finn Amund Norbye said, according to Splash247.