01/07/2015at 10:23

Huge loss for Greek dry bulk giant

Major Greek dry bulk merger Star Bulk Carriers, which is backed by several equity funds, is fighting to secure liquidity and capital during the worst industry crisis in decades.

BY OLE ANDERSEN

The Greek dry bulk company Star Bulk, controlled by equity funds, lost USD 33.9 million on operations in the first quarter 2015, which shows a total net deficit of USD 40.2 million.

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Greek lenders want higher shipping taxes
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Dry bulk merger: Worst market in 40 years
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