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14/08/2024
Petros Pappas, CEO of Star Bulk, expressed enthusiasm for the merger, welcoming new colleagues and outlining the company's ambitious plans. The combined entity aims to leverage its scale, expertise, and favorable market conditions to deliver strong returns for shareholders.
While acknowledging the challenges of integrating two large companies, Pappas emphasized the importance of collaboration and a shared vision. The focus now shifts to implementing integration plans, improving operational efficiency, and enhancing customer service.
As the company embarks on this new chapter, Star Bulk expresses gratitude to the teams involved in the merger and looks forward to a bright future.
Star Bulk and Eagle Bulk Create Global Shipping Powerhouse
Star Bulk, Star Ocean Manning Philippines’ main principal, has successfully merged with Eagle Bulk Shipping Inc., forming a new industry giant. With a combined fleet of 163 vessels, the company solidifies its position as the largest U.S.-listed dry bulk shipping company and the third largest globally.Petros Pappas, CEO of Star Bulk, expressed enthusiasm for the merger, welcoming new colleagues and outlining the company's ambitious plans. The combined entity aims to leverage its scale, expertise, and favorable market conditions to deliver strong returns for shareholders.
While acknowledging the challenges of integrating two large companies, Pappas emphasized the importance of collaboration and a shared vision. The focus now shifts to implementing integration plans, improving operational efficiency, and enhancing customer service.
As the company embarks on this new chapter, Star Bulk expresses gratitude to the teams involved in the merger and looks forward to a bright future.
