Star Bulk divests and plunges into deficit

New York-listed charterer Star Bulk ended the first half of the year with a significant deficit on the bottom line. The dry bulk shipping company has sold off a large part of its fleet and postponed newbuildings.

Photo: Star Bulk

Greek dry bulk charterer Star Bulk has earlier been tipped as one of the big losers in the dry bulk crisis plaguing the markets over the past year, and results from the company's second quarter interim report are not encouraging.

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