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Stock Market & Financial Investment News

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March 7, 2014
09:05 EDTSBLKStar Bulk Carriers takes delivery M/V Star Sirius
Star Bulk Carriers 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. The Vessel has commenced a time charter with the sellers of the Vessel, Glocal Maritime, for a period between 28 months to 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 $12.4M in charter revenues over the minimum contracted period. Inclusive of the acquisition of M/V Star Sirius, Star Bulk owns seventeen dry bulk vessels, consisting of five Capesize, two Post-Panamax, two Ultramax and eight Supramax vessels with average age of approximately 8.9 years. In addition, Star Bulk has entered into definitive contracts for the construction of eleven, fuel efficient, dry bulk vessels, at high quality shipyards in Japan and China, including five Newcastlemax, two Capesize and four Ultramax vessels, with expected deliveries in 2015 and early 2016.
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July 23, 2014
16:49 EDTSBLKMillennia Holdings reports 7.5% stake in Star Bulk Carriers
Millennia Holdings may hold discussions with or make formal proposals to management or the Board, other shareholders of the company or other third parties.
July 11, 2014
09:19 EDTSBLKStar Bulk Carriers holders approve merger with Oceanbulk
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