Star Bulk completes Excel takeover

Star Bulk completes Excel takeover

Athens: On Friday, Star Bulk took delivery of the Star Jennifer, formerly called Ore Hansa, a 82,290 dwt kamsarmax bulk carrier, built in 2006. The delivery brought the end of the acquisition of the 34 ships from Excel Maritime under an en bloc transaction announced on August 19 last year.

Star Bulk currently owns 70 dry bulk vessels on the water with a total carrying capacity of 7.2m dwt.

In addition, Star Bulk, which is controlled by private equity giant Oaktree, is expected to take delivery of 28 ships this year and next.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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