Fredriksen increases stake in Star Bulk

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Shipping magnate John Fredriksen has increased his stake in the US-listed, Petros Pappas-led dry bulk giant Star Bulk Carriers.

According to a relevant SEC filing, Fredriksen holds 13.34M shares, equivalent to an 11.4% stake in the shipping firm.

The move comes after Fredriksen recently sold his controlling stake in Golden Ocean to CMB.Tech.