Star Polaris Damaged Entering Turkish Port

March 2, 2012

Star Bulk Carriers Corp. (Nasdaq: SBLK) announced that one of its vessels, the STAR POLARIS, sustained bottom damage when entering the port of Eregli, Turkey. Following a survey of the damages, the vessel proceeded for permanent repairs to Daewoo Mangalia shipyard in Romania. The repairs are expected to be completed in approximately thirty days. As a result of the incident, the vessel has been declared off hire by its charterers.  The Company has commenced an investigation into the circumstances of the incident and has reserved its rights relating to the unsafeness of the port. The Company expects the cost of the repairs to be covered by the vessel’s hull and machinery insurance policy, subject to the applicable terms.
 

Logistics News

Court Rules on DP World Djibouti Case

Court Rules on DP World Djibouti Case

Liebherr Launches LiSIM ROS Simulator for Remote Operator Training

Liebherr Launches LiSIM ROS Simulator for Remote Operator Training

As Energy Reliability Concerns Mount, Material Handling Professionals Urged to “Prepare with Propane”

As Energy Reliability Concerns Mount, Material Handling Professionals Urged to “Prepare with Propane”

Svanehoj Acquires KOHO Kompressorsysteme

Svanehoj Acquires KOHO Kompressorsysteme

Subscribe for Maritime Logistics Professional E‑News

Colombian state oil company transports first crude imported via pipeline
Sources say that China's banks are lending to Saudi gas project, but their funds are not included in the BlackRock-led deal.
US Court of appeals to review airline fee decision