Major merger could be first step in dry bulk consolidation wave

In particular, the low order book, limited availability at shipyards and upcoming IMO regulations could spur more consolidation in the sector.

”We do not rule out mergers with companies that manage larger vessels in the future,” said Petros Pappas after the announcement of the merger with Eagle Bulk. | Photo: Marine Money / 25th Anniversary Marine Money Greek Ship Finance Forum

by LIV ALMER

The dry bulk market can look forward to more mergers and acquisitions in the coming years, says British analyst firm Drewry after the two carriers Star Bulk and Eagle Bulk recently announced plans to merge at the beginning of next year.

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Star Bulk has appetite for more acquisitions after major merger
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Star Bulk and Eagle Bulk merge and create new bulk behemoth
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