Star Bulk Welcomes First Green Capesize

Star Bulk Welcomes First Green Capesize

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, has taken delivery of M/V Peloreus, a 182,000 dwt Capesize built by Japan Marine United (JMU).

 

The vessel is the first of six similar vessels ordered at JMU, with expected deliveries until the 3rd quarter of 2015.

Following the delivery of M/V Peloreus and inclusive of the two Kamsarmax vessels to be acquired from Heron Ventures Ltd., Star Bulk will own thirty three dry bulk vessels on the water, consisting of eleven Capesize, four Post-Panamax, six Kamsarmax, two Ultramax and ten Supramax vessels with average age of approximately 7.3 years.

In addition, Star Bulk has entered into definitive contracts for the construction of additionally thirty six vessels at shipyards in Japan and China, including thirteen Newcastlemax, nine Capesize and fourteen Ultramax vessels with fuel-efficient specifications with expected deliveries in 2014, 2015 and early 2016.

Press Release, July 28, 2014

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