Star Bulk signed newbuilding contract

Star Bulk Carriers Corp., Athens, signed a contract with ship-builder Hanjin Heavy Industries to build a second Capesize vessel of 180,000 dwt, a sistership to the first vessel ordered, with expected delivery in November 2011.

As per ship operator its fleet is contracted for 92% of 2010 and 58% of 2011 operating days, amongst the highest contract coverage in the industry, providing future earnings visibility.  

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