Shares of New York-listed Star Bulk Carriers jumped more than 3% on Wednesday morning on the New York Stock Exchange before settling back in first trading after an investment by Norwegian tycoon John Fredriksen.
Star Bulk was showing a 1.7% gain in late afternoon trading on normal turnover.
Largest holder
Fredriksen’s surprise purchase of 11.8m Star Bulk shares, a 10.07%
