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Star Bulk signs leasing arrangements for 16 vessels

Greek-based Star Bulk Carriers is the latest major dry bulk operator to exit recent months with a deficit. The shipping company has signed leasing arrangements for 16 ships.

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Yet another pace-setting player in the dry bulk market confirms that the second quarter was a challenging period for the sector.

Major Greek dry bulk operator Star Bulk Carriers lost USD 44.1 million after taxes in the second quarter, according to the interim report, in which the company also informs that it has signed sale and leaseback deals for 16 vessels in its fleet.

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