Remember when any mention of Private Equity (PE), at a conference or in an article, was followed by the word “consolidator”, as in joining separate companies together? The “roll-up”, another finance word, where smaller companies are placed...
Star Bulk Carriers will not be pursuing any other Oaktree Capital affiliated companies, such as Eagle Bulk, following its acquisition of the Excel Maritime fleet and merger with Oceanbulk.
Star Bulk Carriers is moving to consolidate its position as the largest US-listed dry bulk shipowner by acquiring 34 secondhand bulkers from Excel Maritime, in a cash and stock deal worth $634.91m.
Star Bulk Carriers and Oceanbulk have closed their merger transaction to create the largest listed dry bulk shipping company in the US.
Star Bulk Carriers has announced an all-stock deal to acquire Oceanbulk, creating the largest US-listed dry bulk company.
Star Bulk Carriers has taken 10-year charters with options to buy on two Newcastlemax bulkers order by CSSC Shipping Co.
Nasdaq-listed Star Bulk Carriers has raised $70.8m from a share issue to be used in part to fund recent newbuilding orders.
Star Bulk has ordered two capesize and two ultramax new buildings from China and Japan with a total value of $151m.