Star Bulk To Sell Star Beta Capesize Vessel
Star Bulk Carriers (Star Bulk), a global shipping company focusing on transportation of dry bulk cargoes, has entered into an agreement to sell the Star Beta, a 174,691 dwt, 1993 built, Capesize vessel to a third party for a contracted sale price of $22m.
Star Bulk said that it expects to deliver Star Beta vessel to the buyers in the second quarter of 2010, upon its redelivery from the current time charter.
Akis Tsirigakis, president and CEO of Star Bulk, said: “We are pleased having agreed to sell one of our oldest vessels. We look forward to concentrate on renewing and growing our fleet. Our entire fleet is secured by period contracts and following the sale of the Star Beta, 92% of the fleet operating days for 2010 will be contracted and the fleet average age will be 9.4 years.”
Star Bulk provides global seaborne transportation solutions in the drybulk sector. The company's vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, fertilizers and steel products.
Currently, Star Bulk has an operating fleet of eleven dry bulk carriers with a definitive agreement to sell one of its carriers.
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