Bulk

Star Bulk reduced its deficit in 2016

Star Bulk Carriers exits 2016 with a new deficit, though the dry bulk carrier noted improvements toward the end of the year. The company's cost numbers remain "exceptional," says JP Morgan.
Photo: Star Bulk
Photo: Star Bulk
by SØREN PICO

The low dry bulk rates hurt earnings at Greece's Star Bulk Carriers in 2016, and the carrier, which is controlled by equity fund Oaktree Capital, finished the year with a new deficit, informs the company.

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