Star Bulk Carriers Corp. (Star Bulk), a global shipping company focusing on the transportation of dry bulk cargoes announced yesterday that the company and entities affiliated with E.R. Capital Holding GmbH & Cie. KG (E.R. or Sellers), mutually waived their respective Call and Put Options relating to the four optional operating dry bulk vessels (the Step 2 Vessels) (the Step 2 Acquisition), as previously disclosed in the press release issued on 29 August 2018.
Pursuant to the above developments, the company has zero remaining equity capital expenditure due either for vessel acquisitions or for the company’s scrubber programme.
Read the article online at: https://www.drybulkmagazine.com/shipping/03042019/star-bulk-and-er-capital-holding-mutually-waive-exercise-of-vessel-options/