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Star Bulk restarts debt principal repayments

Star Bulk restarts debt principal repayments

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Star Bulk has announced that it is planning to restart the payment of debt principal repayments from January 1, six months before planned.

In June 2016, the Greek dry bulk owner’s lenders waived around $223.9m in debt repayments until June 30, 2018.

Star Bulk says the chance is due to the improved performance of the company and the dry bulk market in general.

Petros Pappas, CEO of Star Bulk, commented: “We value our relationships with our lenders and the flexibility they have provided us. At this point there is no further need for any amortization holiday.”

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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