Star Bulk Carriers executives say they are sniffing around the market for their next mergers-and-acquisitions deal, less than two months after closing their latest takeover.

The New York-listed company’s $836m, all-stock deal for Connecticut’s Eagle Bulk Shipping in April has left it as the second-biggest shipowner in the supramax and ultramax space, leading Jefferies analyst Omar Nokta to question whether it would like to add larger vessels such as capesizes.