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.”