Star Bulk Carriers Corp. a global shipping company providing transportation solutions in the dry bulk sector, today announced that it has entered into a binding agreement to sell for demolition the M/V Star Tatianna, a 69,600 dwt Panamax vessel, built in 1993, to an unaffiliated third party, the company said in its press release.
The Company expects to deliver the Vessel to the Buyers by early February 2015. The Vessel was acquired from Excel Maritime Carriers Ltd under an “en bloc” transaction of 34 vessels on August 19, 2014. Inclusive of Star Tatianna, the Company has successfully disposed three of those vessels since the end of December 2014, as part of its broader fleet renewal and expansion strategy also including a 34 ‐ vessel, fully funded newbuilding program, expected to be completed in 2016.
About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece.