Clarksons Securities is struggling to explain the discounted share price of the dry cargo sector’s biggest player, Star Bulk Carriers.
The investment bank sees the Greek owner as the dominant owner, offering “shining value” compared with its net asset value (NAV).
Fresh from its merger with fellow New York-listed bulker company Eagle Bulk Shipping, Ebitda of $153m was above the $151m Bloomberg consensus in the second quarter.
