StarBulk Carriers and E.R.Capital Holding mutually waive exercise of vessel options
StarBulkCarriersCorp., a global shipping company focusing on the transportation of dry bulk cargoes announced today that the Company and entities affiliated with E.R.CapitalHoldingGmbH&Cie.KG, mutually waived the irrespective Calland Put Options relating to the four optional operating dry bulk vessels, as previously disclosed in the press release issued on August 29,2018. Pursuant to the above developments, the Company has zero remaining equity capital expenditure due either for vessel acquisitions or for the Company’sscrubber program.
StarBulk is a global shipping company providing worldwide sea borne transportation solutions in the dry bulk sector. StarBulk’s vessels transport major bulks, which include iron, ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products. StarBulk was incorporated in the Marshall Islands on December13,2006 and maintains executive offices in Athens, Oslo, NewYork, Cyprus and Geneva.