Star Bulk Carriers has lost USD 147 million this year
Star Bulk Carriers postpones newbuilding deliveries and payments totaling hundreds of millions of dollars in efforts to secure the carrier's cash resources in the struggling dry bulk sector.
BY OLE ANDERSEN
Dry bulk player Star Bulk carriers, which is listed in New York and has equity fund Oaktree as its primary shareholder, has lost USD 147 million so far in 2015, according to the carrier's third quarter interim report, which shows a net deficit of USD 42 million.
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