Star Bulk Sells Bulker Quartet

 

The vessels were sold for an aggregate gross price of $122m and are expected to be delivered to the new buyers during the first quarter of 2016. 

 

"We have entered into agreements to sell two modern Capesize vessels and two modern Kamsarmax vessels to unaffiliated third parties, for an aggregate gross price of $122 million," says a company statement.

 

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector.

 

Star Bulk's vessels transport major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece.