Star Bulk, ER Capital Waive Four Vessel Options

Star Bulk

Star Bulk Carriers has agreed with Germany’s E.R. Capital Holding to abandon options related to the acquisition of four Capesize dry bulk vessels.

The company now has zero remaining equity capital expenditure due either for vessel acquisitions or for its scrubber program.

The four units were a part of a deal agreed between the parties in late August 2018, under which Star Bulk Carriers was to acquire three firm operating dry bulk vessels within 2018, and four optional operating dry bulk vessels in 2019 from E.R. Capital Holding.

The bulkers in question were ER Bourgogne, ER Brandenburg, ER Brighton, ER America, ER Bayonne, ER Borneo and ER Buenos Aires, all of them constructed in 2010.

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