Star Bulk Carriers executives said the company is in negotiations for a loan to cover the final two newbuildings in the company's orderbook
The talks come as the New York-listed bulker owner awaits delivery of three kamsarmaxes on order at China's Shanghai Waigaoqiao Shipbuilding in China. Petros Pappas-led Star Bulk is scheduled to pay nearly $104m for the trio.
It has already secured bareboat financing for the 208,000-dwt Star Gemini, which is due for delivery this year.