TradeWinds has uncovered more of the story behind Star Bulk's decision to increase its chartering activities in Singapore and close its Star Logistics Management office in Switzerland.

Star Bulk defies weak markets to fix capes at $20,000 per day
 Read more
Dry bulk market woes to end in second half, Frangou says
 Read more

The Nasdaq-listed shipowner established Star Logistics Management as a freight-trading outfit in late 2017 but on Thursday revealed its activities have been transferred to a newly established subsidiary called Star Bulk (Singapore).