Star Bulk Sells Its Oldest Vessel
Dry bulk shipowner Star Bulk on Monday announced it has reached a deal to sell the oldest vessel in its fleet for $20 million.
The sale of the 2004-built Capesize vessel Star Triumph will generate net proceeds of approximately $13 million after repayment of associated debt, Star Bulk said, noting it expects to record a gain of approximately $7.7 million during the third quarter of 2024.
Star Bulk did not disclose the buyer.