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Star Bulk Carriers Corp. - SBLK STOCK NEWS

Welcome to our dedicated page for Star Bulk Carriers news (Ticker: SBLK), a resource for investors and traders seeking the latest updates and insights on Star Bulk Carriers stock.

Star Bulk Carriers Corp. (symbol: SBLK) is a leading global shipping company providing worldwide seaborne transportation of key bulk commodities such as iron ore, coal, and grain, along with minor bulks like bauxite, fertilizers, and steel products. The company owns and manages a diverse, modern fleet of high-specification bulk carriers, ranging from Supramax to Newcastlemax vessels. These vessels are designed to transport cargoes efficiently while prioritizing human health, environmental protection, and operational safety.

Star Bulk's fleet is operated by highly competent and well-trained seafarers, supported by experienced and skilled onshore professionals. This collaborative effort is guided by the core values of entrepreneurship, openness, meritocracy, initiative, and teamwork, which shape the company's culture. The company's vision is to become the global leader in dry bulk shipping, continuously seeking talented and driven professionals to join their team.

Star Bulk generates revenue through its voyage operations, transporting bulk commodities across the globe. The company is committed to meeting or exceeding industry safety and quality standards, ensuring reliable and high-quality service to its customers. Recent achievements and ongoing projects highlight Star Bulk's dedication to operational excellence and innovation in the dry bulk sector.

Investors and stakeholders can stay updated with the latest developments and financial news related to Star Bulk Carriers Corp. through their dedicated investor relations and financial media channels.

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Star Bulk Carriers has announced the release of its first-quarter financial results for 2024, scheduled for May 22 after market close in New York.

The company will host a conference call to discuss these results on May 23 at 11:00 a.m. ET.

Participants can join via toll-free numbers or register for a faster connection.

The call will also be webcast live and archived on the company's website, including slides and audio.

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Star Bulk Carriers (Nasdaq: SBLK) announced the results of its 2024 Annual Meeting of Shareholders held on May 14, 2024, in Cyprus. Shareholders approved all proposals, including the re-election of Spyros Capralos, Koert Erhardt, and Sherman Lau as Class B Directors on the Board of Directors. Additionally, Deloitte Certified Public Accountants S.A. was appointed as the Company's independent auditors for the fiscal year ending December 31, 2024.

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Star Bulk Carriers Corp. completes merger with Eagle Bulk Shipping Inc., creating a global leader in dry bulk shipping. Each Eagle shareholder received 2.6211 shares of Star Bulk common stock. Eagle common stock ceased trading. New appointments in the leadership team announced.
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Star Bulk Carriers Corp. appoints COMPUTERSHARE TRUST COMPANY, N.A. as its Sole Transfer Agent and Registrar for SBLK shares on NASDAQ, requiring no action from shareholders. Inquiries should now be directed to COMPUTERSHARE.
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Star Bulk Carriers Corp. announced its unaudited financial results for Q4 2023, reporting a net income of $39.7 million, TCE Revenues of $191.9 million, and EBITDA of $93.2 million. The company completed a $380 million share repurchase, approved a dividend of $0.45 per share, and continues to invest in fleet renewal and environmental regulations. Star Bulk is progressing towards a merger with Eagle Bulk, expecting to close in H1 2024, and is a founding member of the Maritime Emissions Reduction Center in Athens.
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Star Bulk Carriers Corp. (SBLK) will release its Q4 and full-year 2023 results on February 12, 2024, followed by a conference call on February 13, 2024. The management team will discuss the financial results, and participants can join via phone or webcast.
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Star Bulk Carriers Corp. (SBLK) announced the repurchase of 10 million common shares from Oaktree Shareholders, reducing their ownership from 17.1% to 7.2% and the number of directors they can nominate from two to one. Katherine Ralph, an Oaktree nominee, resigned from the Board of Directors.
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Star Bulk Carriers Corp. (SBLK) announced its unaudited financial and operating results for Q3 2023, reporting a decrease in voyage revenues and net income compared to the same period in 2022. The company's daily time charter equivalent rate (TCE) also declined. Despite this, the company's CEO, Petros Pappas, highlighted strategic moves such as share repurchases, dividend distribution, and fleet renewal, aiming to create value and ensure best-in-class fuel consumption and emissions.
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Star Bulk Carriers Corp. announced a Share Repurchase agreement with OCM XL Holdings, Oaktree OBC Container Holdings, and OCM FIE. The Company will purchase 10 million of its common shares at a price of $19.50 per share. This will reduce Oaktree Shareholders' ownership from 17.2% to 7.2% and their nominated directors to one. The closing is expected on December 1, 2023, funded by new debt financing. The Share Repurchase is expected to be accretive to future dividends per share.
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Star Bulk Carriers Corp. to release Q3 2023 financial results
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FAQ

What is the current stock price of Star Bulk Carriers (SBLK)?

The current stock price of Star Bulk Carriers (SBLK) is $14.85 as of December 28, 2024.

What is the market cap of Star Bulk Carriers (SBLK)?

The market cap of Star Bulk Carriers (SBLK) is approximately 1.8B.

What does Star Bulk Carriers Corp. do?

Star Bulk Carriers Corp. provides global seaborne transportation of major and minor bulk commodities such as iron ore, coal, grain, bauxite, fertilizers, and steel products.

What types of vessels are in Star Bulk's fleet?

Star Bulk's fleet includes Supramax, Ultramax, Panamax, Kamsarmax, Post Panamax, Capesize, and Newcastlemax vessels.

How does Star Bulk ensure safety and quality in its operations?

Star Bulk adheres to industry safety and quality standards, operating its vessels with well-trained seafarers and experienced onshore professionals.

What are the core values of Star Bulk Carriers Corp.?

The core values of Star Bulk are entrepreneurship, openness, meritocracy, initiative, and teamwork.

How does Star Bulk generate revenue?

Star Bulk generates revenue through the voyages it carries out, transporting various bulk commodities across the globe.

What is Star Bulk's vision?

Star Bulk's vision is to be the global leader in dry bulk shipping.

How can investors stay updated with Star Bulk's news?

Investors can stay updated through Star Bulk's investor relations and financial media channels.

What is the significance of Star Bulk's fleet diversity?

The diversity in Star Bulk's fleet allows for efficient transportation of a wide range of bulk commodities, catering to various market needs.

Who operates Star Bulk's vessels?

Star Bulk's vessels are manned by competent and well-trained seafarers, supported by experienced onshore professionals.

What recent achievements has Star Bulk Carriers Corp. accomplished?

Star Bulk has achieved significant milestones in operational excellence and innovation, continually improving its services and fleet capabilities.
Star Bulk Carriers Corp.

Nasdaq:SBLK

SBLK Rankings

SBLK Stock Data

1.75B
111.72M
5.19%
40.71%
1.27%
Marine Shipping
Industrials
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United States of America
Marousi