Star Bulk Carriers Corp has been on a capesize-buying spree since April with its eye more on the investor than the market.
Chief executive Hamish Norton says the Athens-based company has acquired 34 capesizes, including latest plans for six more, mostly through stock in an effort to bolster shareholder value.
"The motivation has been to increase market value, trading value and public float while not really changing the financial leverage or the operating leverage of the company," he told TradeWinds.
