While the news of a new American dry bulk merger is unlikely to result in any major changes in the dry bulk market, private equity fund Oaktree Capital's merger of the two Greek-based companies Star Bulk Carriers and Excl Maritime is positively received by the stock market and among analysts.
"They're becoming more and more the No. 1 dry bulk player, with very broad exposure, a very diversified fleet," analyst Eirik Haavaldsen, Pareto Securities AS in Oslo, tells Bloomberg about the company, which will have a combined fleet of more than 100 vessels.
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