Star Bulk and E.R. Capital Holding Mutually Waive Exercise of Vessel Options

Star Bulk

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced that the Company and entities affiliated with E.R. Capital Holding GmbH & Cie. KG (“E.R.” or “Sellers”), mutually waived their respective Call and Put Options relating to the four (4) optional operating dry bulk vessels (the “Step 2 Vessels”) (the “Step 2 Acquisition”), as previously disclosed in the press release issued on August 29, 2018.

Pursuant to the above developments, the Company has zero remaining equity capital expenditure due either for vessel acquisitions or for the Company’s scrubber program.

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