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.