A highlight from Marine Money London was Arlie Sterling, President of Marsoft, interviewing Christos Begleris (Co-CFO Star Bulk). A video of the full interview is available at the end of this article.
Arlie was delighted to have the chance to ask Christos about the strategic priorities that would guide Star Bulk in 2023. He encouraged Christos to share some of the secrets of Star Bulk’s success, including their ability to find ways of smoothing out rate troughs. Investing in fitting scrubbers to the entire fleet paid dividends, enabling their ships to earn premiums of $2,000 - 7,000 per day.
The CFO told Arlie that we may well see Star Bulk continuing their refinancing spree in 2023, to further reduce interest cost and optimise their debt structure. The pair discussed the prospects for the dry bulk market, and Christos cited China as the elephant in the room – he doesn’t expect Chinese demand to slow significantly until after 2025.
Read about this interview in Lloyds List; Tradewinds
Arlie Sterling leads the Marsoft Team continuing to help owners realise the potential of retrofitting and thereby earning carbon credits through Marsoft’s GreenScreen Program www.marsoft.com
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