The Greek shipowner posted revenue of $65.7m during the quarter, coming in a head of analyst’s forecasts.
For the year, Star Bulk booked a loss of $11.7m, against a profit of $1.8m in 2013. However, revenue more than doubled to $147.4m.
Star Bulk chief executive Petros Pappas described 2014 as “one of the most challenging dry bulk markets in the last 40 years.”
“We