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Star Bulk deal shows the power of consolidation

The latest Star Bulk deal, seen as a positive, could boost the US-listed company’s market capitalisation closer to the $1bn mark, while the addition of 16 vessels will also make it the largest in terms of on-the-water deadweight tonnage

Deal to acquire 16 vessels through shares and debt positions the Greece-based owner closer to the number one ranking in deadweight terms for publicly-listed dry bulk companies

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