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Star Bulk Carriers Corp. Message Board

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  • timepassestime timepassestime Jan 9, 2012 9:21 PM Flag

    redelivery of the Sigma

    It could be worse...5.7 mill with fuel ain't bad all things considered...could get pretty scary, but so far, not so bad for us...

    I suspect that 5.7 mill will come in pretty handy when the high seas get rough later this year...

    question is which bulkers will go BR, and who will survive...

    I am also wondering if the banks will need a firm to manage all those BR ships from other companies while they try to unload them in a bloated market...

    "Star Bulk's wholly owned subsidiary, Star Bulk Management Inc. performs the commercial management of all of the Company's vessels. Star Bulk's wholly owned subsidiary, Starbulk SA performs the Technical management of all of the Company's vessels. Star Bulk believes that its in-house technical management reduces operating expenses, eliminates vessel management fees while maintaining the high quality of its fleet.

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    • looks like the charter saves the company about 5 million dollars by returning the ship early. Rates are declining with the bdi index going lower, new ships coming in line, the shippers will survive this because it is a necessaty to supply the world with dry goods.

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