Star Bulk Acquires Vessel

Thursday, December 06, 2007
Star Bulk Carriers Corp. agreed to acquire the vessel E Duckling (to be renamed Star Kappa), for $72 million from a company affiliated with our Co-Chairman, Nobu Su. The Star Kappa, a Supramax vessel of 52,055 dwt built in 2001 in Japan, will have a three-year Time Charter employment contract attached at a gross daily rate of USD 47,800 with earliest and latest redelivery of September 23, 2010 and November 23, 2010, respectively. Akis Tsirigakis, President and CEO of Star Maritime sid: "We are pleased to announce our first vessel acquisition since the completion of the redomiciliation merger which will expand the fleet to nine vessels. Our low leverage affords us the flexibility to continue to seek growth opportunities in the dry bulk sector as they may arise."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Least Known Navy Activity? Underwater Shipwreck Archeology

Robert S. Neyland, Ph.D., director of the Underwater Archeology Branch (UAB) of the Naval History and Heritage Command (NHHC) in Washington, D.C., manages the people who protect more than 17,

ClassNK Releases EEDI Verification Software – Free

Japanese classification society ClassNK says it offers its Minimum Propulsion Power Calculation Software and ISO-based Progressive Speed Trial Analysis Software

China Shipyard Delivers Handymax Size Bulk Carrier

COSCO Corporation (Singapore) inform that its Dalian Shipyard in China has delivered a bulk carrier of 57000 dwt, named "GUOTOU 108", to its Asian buyer. The Handymax bulker measures 189.

Bulk Carrier Trends

China Shipyard Delivers Handymax Size Bulk Carrier

COSCO Corporation (Singapore) inform that its Dalian Shipyard in China has delivered a bulk carrier of 57000 dwt, named "GUOTOU 108", to its Asian buyer. The Handymax bulker measures 189.

ISC Expects Faltering Q1 2014 Financial Results

International Shipholding Corporation (ISC) provides preliminary guidance for first quarter 2014 results and announces timing of earnings release and conference call.

St. Lawrence Seaway Notices Update

The Great lakes St. Lawrence Seaway System today issued notices number nine and 10 regarding maximum allowable drafts in the Montreal section in Lake Ontario and

 
 
Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1068 sec (9 req/sec)