ShippingWatch

Star Bulk books a loss in Q3

Greek bulk carrier Star Bulk, backed by equity fund Oaktree, booked a net deficit of USD 39.1 million in the third quarter. This is attributed to low rates and losses on ship divestments, the company writes in a financial statement.

Low rates continue to deal destructive blows to dry bulk carriers which have been booking red bottom-lines throughout recent weeks.

Now, Greek carrier Star Bulk, under control of equity fund Oaktree Capital, joins the list of loss-making carriers with a double-digit million dollar deficit in Q3.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs