Star Bulk Carriers swooped into the time-charter market to lock in some of its fleet before the dry bulk market took a dive, the New York-listed bulker owner has revealed.

Quizzed by an analyst, company chief financial officer Symos Spyrou said the outfit had tied up 17% of the fleet in the first quarter of next year.

The chartering activity locks in the equivalent of three capesizes, nine panamaxes and nine supramaxes for the first three months of 2022.