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Star Bulk Carriers Corp. acquires dry bulk vessels

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Dry Bulk,

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has taken delivery of six dry bulk vessels pursuant to the previously announced transaction with ENETI INC. (formerly known as SCORPIO BULKERS INC.). The seventh vessel of the transaction, SBI PEGASUS, is expected to be delivered to the Company within the early second quarter of this year.

The Company issued to the ENETI affiliates 2 649 203 common shares representing the shares consideration for the acquisition of the six vessels and assumed outstanding lease obligations of approximately US$86.9 million. Following the deliveries today, the Company has 101 888 919 common shares issued and outstanding. All six vessels are employed in the spot market.

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Dry cargo shipping news