Star Bulk Carriers Corp. successfully repurchased 10 million of its common shares from Oaktree Shareholders, reports starbulk.
Nominated Directors
This reduced Oaktree Shareholders’ ownership in the company from approximately 17.1% to about 7.2% and decreased their nominated directors from two to one. Katherine Ralph, one of Oaktree Shareholders’ nominated directors, resigned from the Board.
Goals
Star Bulk, a global shipping company, focuses on transporting dry bulk cargoes worldwide. They own a fleet of 117 vessels with a total capacity of 13.2 million deadweight tonnage (dwt) across various types of vessels. Additionally, they have charter arrangements for several newbuildings expected to be delivered in 2024.
Forward-Looking Statements
Forward-looking statements caution about uncertainties in achieving future plans and performance due to various uncontrollable factors. Factors influencing results include market conditions, economic stability, regulatory changes, environmental concerns, geopolitical events, and more.
The company disclaims any obligation to update forward-looking statements beyond the communication date.
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Source: Starbulk
