Star Bulk Carriers 1Q17 Earnings Call Notes

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Petros Pappas

Continued demolition is necessary to balance the market

“Continued absence of ordering and acceleration of demolition are required to place a cap on fleet growth for 2019, as 2018 is already almost closed at low prospective delivery levels. That way, the foundation will be laid for a sustainable market upturn to increase pace. Thereafter, and assisted by the positive scrapping and speedy reduction impact of the impending environmental regulations, the shipping markets will finally find their way to a strong recovery.”