Star bulk announces vessel sale and repurchase of common shares

Athens, greece, sept. 09, 2024 (globe newswire) -- star bulk carriers corp. (the “company” or “star bulk”) (nasdaq: sblk), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the sale of the capesize m/v star triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of approximately $13.0 million. the company expects to record a gain on sale of the vessel of approximately $7.7 million during the 3rd quarter of 2024.
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