Star Bulk Takes Delivery of Capesize Star Aurora

Tuesday, October 05, 2010

Star Bulk Carriers Corp. (NASDAQ: SBLK) has taken delivery of the Star Aurora, a 2000-built, 171,199 dwt Capesize vessel. The vessel has been delivered to its charterer, Rio Tinto, for a three-year time-charter employment at a gross daily rate of $27,500. The vessel's $42.5m acquisition price was funded by a combination of company cash and $26m loan from a major European bank at favorable terms.

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