Greece-based dry bulk shipping firm Star Bulk Carriers has completed the acquisition of sixteen bulkers from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction.

The vessels in question are composed of five Newcastlemaxes / Capesizes, two Mini Capesizes, eight Post Panamaxes/ Kamsarmaxes and one Ultramax. They were mainly constructed in Japan and Korea with an average age of 4.5 years.

Star Bulk will see its fleet hit 90 units, with a total capacity of 10.2 million dwt upon the delivery of the sixteen bulkers.