Star Bulk Carriers Corp. said it has signed a conditional sale and purchase agreement to acquire 16 dry bulk vessels from Diana Shipping Inc. for $470.5 million in cash, contingent on Diana completing its proposed acquisition of Genco Shipping & Trading. The package includes one Newcastlemax, six Capesize, seven Ultramax and two Supramax vessels totaling about 1.8 million dwt, and Star Bulk said it plans to fund the deal with existing cash and new debt financing.

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