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Star Bulk in profit for fourth consecutive quarter

Star Bulk’s fleet acquisitions have borne fruit as the dry bulk owner and operator of around 110 ships recorded a profit thanks to augmented voyage revenues that outperformed spiked expenditures. The Petros Pappas-led company has also repaid two-year-old deferred debt obligations and refinanced around $617m of loans

Scrubbers champion posted its fourth consecutive profitable quarter capitalising off of its expanded fleet

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