Port of StocktonTOC Americas 2025TOC Africa 2025TelestackPort of South LouisianaTBA Group
  • Cimbria
  • Bühler GmbH
  • Van Aalst
  • Vigan
  • Geneva Dry
  • Port of Stockton

Star Bulk’s green loan

(Posted on 11/10/18)

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes has announced that it has entered into a $310 million loan agreement, which includes a $70 million tranche that will exclusively finance the procurement and retrofitting of scrubbers for up to approx. 50 vessels in Star Bulk’s fleet. 

Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products.

DNB Bank ASA, acted as the Mandated Lead Arranger, Facility Agent and Coordinator, along with ABN AMRO Bank N.V , BNP Paribas, Danish Ship Finance A/S and Skandinaviska Enskilda Banken AB as Mandated Lead Arrangers.  

The remaining $240 million were drawn on September 28, 2018 and refinanced in full a group of 26 vessels, namely 4 Newcastlemax, 4 Capesize, 2 Post Panamax, 14 Kamsarmax and 2 Supramax vessels.  

The Green Loan Tranche has been certified by DNV GL Business Assurance Services Limited to be aligned with the Green Loan Principles. The completion of this financing is an important milestone for Star Bulk and its lending partners, who are pioneering sustainable Green Loans for dry bulk shipping investments, which aim to promote maritime emission reductions and compliance with the 2020 IMO regulations.

The Green Loan Tranche has a margin of 280 basis points over LIBOR and an amortization profile of 4.5 years.  

Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK” and on the Oslo Stock Exchange under the ticker “SBLK R”. On a fully delivered basis, Star Bulk will have a fleet of 111 vessels, with an aggregate capacity of 12.67 million dwt, consisting of 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax and 12 Supramax vessels with carrying capacities between 52,055 dwt and 209,537 dwt.

The Company holds call options and has sold respective put options on 4 Capesize vessels, with exercise dates in early April 2019.

Latest News

MIS launches as new global media platform

(Posted on 30/07/25)

Maritime Information Services (MIS) has officially launched as a global media platform delivering daily... Read more


Russian and Ukrainian seafarers continue struggle with psychiatric fallout of war

(Posted on 30/07/25)

Russian and Ukrainian seafarers continue to experience significant psychological strain following the... Read more


Noatum expands global footprint with inauguration of Shanghai office

(Posted on 30/07/25)

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official... Read more


Smart Ship Hub emission reporting first through Asiatic Lloyd partnership

(Posted on 21/07/25)

Leading vessel optimisation platform Smart Ship Hub has announced its partnership with AL Group &ndash... Read more


KR Representative LEE Jungkun Elected Chair of IACS Safety Panel

(Posted on 21/07/25)

KR (Korean Register) has announced that LEE Jungkun, General Manager of KR’s Convention &... Read more


INTERCARGO-member fleets outperform on safety and compliance

(Posted on 17/07/25)

Dry bulk carriers entered with the International Association of Dry Cargo Shipowners (INTERCARGO) continue... Read more


NEMO strengthens global role with official status from IMO and IAEA

(Posted on 15/07/25)

The Nuclear Energy Maritime Organization (NEMO) is proud to announce that it has officially been granted... Read more


Industry statement on recent Red Sea attacks on shipping

(Posted on 09/07/25)

ICS, BIMCO, European Shipowners | ECSA, INTERCARGO and INTERTANKO have released a joint industry statement... Read more


NovaAlgoma Cement Carriers establishes new JV with DP World

(Posted on 08/07/25)

NovaAlgoma Cement Carriers Limited, a joint venture between Algoma Central Corporation and Nova Marine... Read more


Julia Ju appointed The Swedish Club’s new Chief Executive in Hong Kong

(Posted on 08/07/25)

The Swedish Club has announced the appointment of Julia Ju as the new Chief Executive and Area Manager... Read more


Bühler GmbHViganGeneva DrySailors SocietyCimbriaVan Aalst
  • TBA Group
  • Telestack
  • TOC Americas 2025
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping