Star Bulk Carriers has swept up a mixed fleet of 16 dry cargo vessels in an all shares deal.
The ships range from ultramax to newcastlemaxes and have been purchased from Augustea Atlantica and York Capital Management.
Augustea chief executive Raffaele Zagari will join the Star Bulk board as part of the deal.
Petros Pappas, chief executive of Star Bulk, said the company has bought a high quality, modern fleet and would continue to be a consolidator in the dry bulk industry.
