In the Nasdaq-quoted owner’s third-quarter conference call management said it will likely rely on asset sales, equity and debt financing to fund fleet expansion going forward.
Petros Pappas, the company’s new chief executive officer, indicated the decision about disposals will, in part, be based on the overall health of the dry-bulk market.
“We aim at maintaining a young average age for our fleet and may opportunistically dispose of some of our older assets depending on market conditions and their overall commercial prospects,” he said during a segment dedicated to Star Bulk’s strategy.
Management
