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Leading Dry Bulk and Container Shipping Companies To Present in Capital Link’s Shipping Webinar .
Capital LinkJanuary 15, 2021 GMT
Tuesday, January 19, 2021 at 8AM EST
&
Wednesday, February 3, 2021 at 8AM EST
NEW YORK, Jan. 15, 2021 (GLOBE NEWSWIRE) Capital Link will host two complimentary webinars focused on specific shipping sectors: one on dry bulk and the other on the container shipping sector.
Each webinar will discuss market trends, fundamentals, and the sector’s outlook.
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Martyn Wade, Chief Executive Officer – Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN)
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Star Bulk Agrees to Acquire Τhree Dry Bulk Vessels From E.R. Capital Holding
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced today that it has entered into a definitive agreement with entities affiliated with E.R. Capital Holding GmbH & Cie. KG (“E.R.” or “Sellers” ) pursuant to which the Company will acquire three (3) cape size dry bulk vessels , namely E.R. BAYONNE, E.R. BUENOS AIRES and E.R. BORNEO (the “Vessels”).
The Vessels are retrofitted with exhaust gas cleaning systems (Scrubbers). Consideration for the acquisition is payable in the form of $39.0 million in cash (“Cash Consideration”) and 2,100,000 common shares of Star Bulk (“Share Consideration”). The transaction was negotiated by the Company on the basis of NAV.
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