Star Bulk books new major loss for Q1
The first quarter 2016 finished as the worst in 30 years, says the Star Bulk Carriers CEO after the Greek-based dry bulk player suffered a new bottom line deficit. The carrier is negotiating with its banks and have secured deferral until the end of August.
BY NIKLAS KRIGSLUND
In recent months, one dry bulk carrier after another has published major losses for the first quarter in which rates dipped close to an all-time low back in February.
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