Star Bulk (SBLK) Enters Time Charter with Cargill for 'Star Theta'; Sees Adding $4.5M-$5.5M Gross Revs
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Star Bulk Carriers Corp. (Nasdaq: SBLK), has entered into a time charter contract with Cargill International S.A. for the vessel Star Theta, for a duration of approximately one year, at a gross daily rate of $14,100.
The Star Theta is a Supramax vessel of 55,425 dwt built in 2003. The new contract will contribute a minimum of $4.5 million to a maximum of $5.6 million in gross revenue. The vessel is expected to be delivered to Cargill in October 2011.
The Star Theta is a Supramax vessel of 55,425 dwt built in 2003. The new contract will contribute a minimum of $4.5 million to a maximum of $5.6 million in gross revenue. The vessel is expected to be delivered to Cargill in October 2011.
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