Star teamed with Bocimar, Golden Union, Golden Ocean and CTM in February with a loose pooling agreement that sees the companies share information.

Hamish Norton, president of Star Bulk, said on the company’s fourth quarter conference call: "As you know Star Bulk is in cooperation with four of the largest Capesize vessel owners have founded Capesize Chartering Limited, an information sharing platform that will improve the efficiency of our capesize vessels trading on the spot market.