Star Bulk Offloads Another Aging Bulker

Nasdaq-listed dry bulk specialist Star Bulk Carriers Corp. has sold a 1998-built M/V Star Christianna to an unaffiliated and unnamed third party.

This is the sixth bulker Star Bulk has sold to third parties or for demolition this year. All of the sold bulk carriers were built between 1993 and 1998.

M/V Star Christianna is a 74,577 dwt Panamax. The purchase price has not been disclosed.

Star Bulk has recently completed the acquisition of 34 bulkers from Excel Maritime Carriers. Excluding Star Christiana, Star Bulk currently owns sixty eight dry bulk vessels on the water with a total carrying capacity of around 7 million dwt.

In addition, the company is expected to take delivery of twenty six  bulkers built at shipyards in Japan and China, with expected deliveries throughout 2015 and 2016.

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