Glocal Maritime Ltd News

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, has announced that it has taken delivery of M/V Star Sirius a Post - Panamax bulk carrier of approximately 98,000 deadweight tons carrying capacity. The Star Sirius is the second of the two modern Post-Panamax bulk carriers to be delivered to the company, pursuant to the relevant binding agreements announced on January 29, 2014. The vessel has commenced a time charter with the sellers of the vessel, Glocal Maritime Ltd., for a period between 28-32 months, at a gross daily hire rate of $15,000 less a 1.25% address commission on gross revenues. The vessel is expected to generate approximately $12.4 million in charter revenues over the minimum contracted period.