Star Bulk Carriers completes Songa Bulk acquisition

Star Bulk Carriers completes Songa Bulk acquisition

New York-listed Greek owner Star Bulk Carriers has completed its acquisition of Arne Blystad’s Oslo-listed Songa Bulk, adding 15 dry bulk vessels to its fleet.

Star Bulk paid a mix of shares and cash in the deal, which sees Blystad join the Star Bulk board and Herman Billung join the management team. Trading of Star Bulk on the Oslo Børs is expected to take place by mid-July.

The new combined fleet of 108 will have an average age of 7.1 years.

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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