Marine Link
Wednesday, December 12, 2018

Star Bulk Carriers Adds MV Star Bright to its Fleet

Maritime Activity Reports, Inc.

October 10, 2018

ER Brighton. Photo © Giorgos Tsampazis/Marinetraffic.com

ER Brighton. Photo © Giorgos Tsampazis/Marinetraffic.com

Athens, Greece-based Star Bulk Carriers Corp took delivery of the first of the three firm dry bulk vessels, the ER Brighton, renamed to Star Bright, from an entity affiliated with E.R. Capital Holding GmbH & Cie. KG.

The global shipping company focusing on the transportation of dry bulk cargoes announced that, the delivery is in pursuant to the previously announced transaction of August 28, 2018.
 
The Vessel was acquired for a combination of cash and shares. Following this delivery, the Company has 92,355,927 common shares issued and outstanding.

ER Brighton is a Bulk carrier built in 2010 by Hyundai Vinashin Shipyard - Ninh Phuoc, Vietnam.

Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products.

On a fully delivered basis, Star Bulk will have a fleet of 111 vessels, with an aggregate capacity of 12.67 million dwt, consisting of 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax and 12 Supramax vessels with carrying capacities between 52,055 dwt and 209,537 dwt.

The Company holds call options and has sold respective put options on 4 Capesize vessels, with exercise dates in early April 2019.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News