Star bulk carriers corp. announces a seven vessel transaction with scorpio bulkers inc.

Athens, greece, feb. 02, 2021 (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 that it has entered into an agreement with scorpio bulkers inc.  (“scorpio”) (nyse: salt) to acquire seven vessels (the “vessels”), by assuming the outstanding lease obligations of the vessels which are currently at $102.3 million.  as consideration, the company will issue to scorpio three million newly issued sblk shares.   the transaction is subject to the approval of the lessor and customary documentation.
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