John Fredriksen gives vote of confidence in Star Bulk

Norwegian shipping tycoon John Fredriksen has fixed a vote of assurance to Greek shipowner Petros Pappas’ Star Bulk, expanding his stake to astir 12% and placing a adjacent subordinate connected the committee of directors.

According to SEC data, Greenwich Holdings and Famatown Finance, companies owned by Fredriksen, present clasp 13.57 cardinal shares of Star Bulk, corresponding to 11.84% of the stock capital.

The Norwegian archetypal emerged arsenic a shareholder successful March with a 10% stake, soon aft the merchantability of 40.8% of Golden Ocean to CMB.TECH for 1.2 cardinal dollars.

On October 3, Star Bulk announced the assignment of Mikkel Storm Weum to its committee of directors. Weum is Investment Director astatine Seatankers Management Norway, Fredriksen’s backstage shipping company.