The US-based Eagle Bulk Shipping and the Greek-based Star Bulk Carriers have merged to form the largest dry bulk shipping company listed in the US. Both companies’ boards of directors have approved the all-stock merger, resulting in a pro forma market capitalisation of $2.1 billion.
One hundred sixty-nine owned vessels will make up the combined fleet when the deal closes in the first half of 2024.
For every share of Eagle common stock, stockholders of Star Bulk will be...