Star Bulk Carriers Corp., the largest U.S. listed dry bulk company, said Friday it has secured up to $227.5 million in financing for seven newbuilds. With this new round of financing, Star Bulk has secured financing for the 30 out of the 32 newbuilding vessels under construction. The company says it is currently on the final stages of negotiating the terms for the financing … [Read more...]
Capesize Dry Bulk Shippers Come Together to Form New Chartering JV
OSLO, Feb 10 (Reuters) - Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to reduce costs in a fragmented market, the firms said in a joint statement. The firms, including Golden Ocean, Bocimar International, CTM, Golden Union Shipping and Star Bulk Carriers will form … [Read more...]
Star Bulk Acquires 34 Vessels from Excel Maritime
International dry bulk shipping company Star Bulk announced Tuesday an agreement to acquire 34 vessels from recently bankrupt Excel Maritime Carriers. The agreement includes the acquisition of 6 Capesize vessels, 14 sistership Kamsarmax vessels, 12 Panamax vessels and 2 Handymax vessels for a purchase price of $288.39 in cash and an aggregate of 29.917 million shares of Star … [Read more...]
Star Bulk Acquiring Oceanbulk to Create Largest U.S. Listed Dry Bulk Company
Athens-based Star Bulk Carriers Corp. announced today an all-stock deal to acquire 15 dry bulk carriers and 26 newbuilds as part of a full acquisition of Oceanbulk Shipping, which will create the largest U.S.-listed dry bulk shipper. The new vessels will add an aggregate capacity of approximately 1.75 million deadweight tons to Star Bulk's fleet and includes five Capesize … [Read more...]
Star Bulk to Acquire Pair of Tsuneishi-Built Bulk Carriers
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced today a signed agreement to acquire two Chinese-built Post-Panamax bulkers, the M/V “GL Qushan” and the M/V “GL Daishan,” for a total consideration of $60.0 million. The 98,000 dwt vessels were both built at Tsuneishi Group (Zhoushan) Shipbuilding Inc. and were delivered to their undisclosed owners … [Read more...]