Star Bulk Agrees to Sell Panamax

Tuesday, May 06, 2008

Star Bulk Carriers Corp. has entered into an agreement to sell the Star Iota a Panamax vessel of 78,585 dwt built in 1983 for $18.35 million with the expected delivery to its buyers for June/July 2008. The vessel has been sold with her existing one-year time charter attached, at a net daily rate of $18,000.

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