Star Bulk former anchor investor Oaktree Capital Management has shed its last board member at the giant bulker company, reflecting the gradual reduction of its once controlling stake.
Sherman Lau has stepped down as class B director, a post he had held since May 2021, the owner of about 160 bulkers announced late on Wednesday.
Commenting on the move, Star Bulk chief executive Petros Pappas hailed Oaktree’s involvement in helping direct one of the world’s biggest shipping companies.
