Star Bulk Carriers (SBLK) has released an update.
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Star Bulk Carriers has successfully completed its all-stock merger with Eagle Bulk Shipping, significantly expanding its fleet by acquiring 52 additional vessels. The company has also finalized the sale of several older ships, expecting to generate $50.15 million in gross proceeds and a gain of $10.5 million. This strategic move positions Star Bulk as a formidable player in the global dry bulk shipping market, with a fleet of 156 vessels.
For further insights into SBLK stock, check out TipRanks’ Stock Analysis page.