Before the open the Greek bulker operator announced plans to “join forces” with Bocimar, Golden Union, Golden Ocean and CTM by way of a joint venture dubbed Capesize Chartering Ltd (CCL).
In the hours that followed Star Bulk’s Nasdaq-quoted stock slid 1.50% to $4.39 while shares of Golden Ocean and Bocimar’s listed parent, which trade overseas, enjoyed gains that one observer dismissed as “lacklustre”.
While
