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Upcoming ship design demands render new ship commissions impossible for Star Bulk

The dry cargo operator has no intentions of adding new ships to the order book as long as no one knows what vessel types are able to meet upcoming demands for ship design. ”We are pretty sure that it is not the same ship we want in 2030,” says Star Bulk President Hamish Norton.

Photo: PR-FOTO

NEW YORK

New demands for ship designs make it almost impossible for dry cargo operators to put in orders for new ships, as the risk of stranded assets is way too big at the moment.

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