Ultramax Bulk Carrier Delivered to STAR

Posted by Greg Trauthwein December 16, 2013

Star Bulk Carriers Corp. (Nasdaq: SBLK) took delivery of M/V Star Challenger (formerly M/V “Supra Challenger”), a 61,462-dwt Ultramax bulk carrier of built in Japan by Imabari Shipbuilding Group in November of 2012.
The ship has been employed on a short-term time charter for a period of 40 days at a gross hire rate of $13,700 per day.
Star Challenger is the first of the two modern Ultramax bulk carriers to be delivered to the Company, pursuant to the relevant definitive agreement announced on November 18, 2013. The second Ultramax bulk carrier, Star Fighter, is expected tobe delivered to the Company
by the end of December 2013.