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Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has revealed the sale of its oldest vessel in the fleet. The Petros Pappas-led owner and operator has agreed to offload the 2004-built capsize Star Triumph for $20m. The buyer has not been disclosed. The 176,300 dwt scrubber-fitted ship, the company acquired for $14.2m in October 2017, will bring in net proceeds of about $13m, with profits of some $7.7m booked in the third quarter. Star Bulk, merged with US-based Eagle Bulk Shipping in April this year and currently boasts a fleet of more than 150 ships with carrying capacities between 53,500 dwt and 209,500 dwt. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsGreece
Star Bulk offloads oldest ship
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