Star Bulk Carriers (SBLK) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Star Bulk Carriers has successfully completed its all-stock merger with Eagle Bulk Shipping, significantly expanding its fleet by acquiring 52 additional vessels. The company has also finalized the sale of several older ships, expecting to generate $50.15 million in gross proceeds and a gain of $10.5 million. This strategic move positions Star Bulk as a formidable player in the global dry bulk shipping market, with a fleet of 156 vessels.
For further insights into SBLK stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Nvidia Stock Could Take a Beating from Supply Snags on Blackwell Chips
- ‘This Is Just Pure Hype,’ Says Top Investor About Tesla Stock
- Will Palantir Stock Crash to $28? Jefferies Sounds the Alarm
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
