Vessel drought may bring new orders

A “BIG drought” of secondhand vessels for sale in its sectors may nudge dry bulk owner Star Bulk towards newbuildings as it seeks to renew and expand its fleet,. Chief executive Akis Tsirigakis told a conference call: “There is a definite lack of secondhand tonnage to be bought.

People are not selling their secondhand vessels, especially capesizes.”
There was also a shortage of deals for supramaxes – Star’s other fleet segment.
The fleet of Athens-based Star comprises eight supramaxes and three capesizes, including the 1993- built capesize Star...

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