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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.
Star Bulk Carriers Corp. (Nasdaq: SBLK) reported its fourth quarter and full year 2022 financial results. The fourth quarter saw voyage revenues drop to $294.8 million from $499.9 million in Q4 2021, with net income decreasing to $85.8 million, or $0.84 per share, down from $300.2 million, or $2.93 per share, year-over-year. The company declared a dividend of $0.60 per share, scheduled for payment on March 14, 2023. For the full year 2022, total voyage revenues amounted to $1.44 billion, with an annual net income of $566 million. Star Bulk's cash balance stood at $331.7 million as of early January 2023. Despite current market challenges, the company remains optimistic about long-term dry bulk demand.
Star Bulk Carriers Corp. (SBLK) will announce its fourth quarter and full-year results for 2022 on February 16, 2023, after market closure. A conference call to discuss these financial results is scheduled for February 17, 2023, at 11:00 a.m. Eastern Time. Interested participants can join by calling specific toll-free numbers provided. The call will also feature a live webcast along with presentation slides available on their website. Star Bulk operates a fleet of 128 vessels, transporting major and minor bulk commodities globally.
Star Bulk Carriers Corp. (SBLK) announced its 2022 score from the Carbon Disclosure Project (CDP), achieving a score of B, an improvement from B- in 2021. This places the company at the Management Level, above the industry average of C. The CDP score assesses corporate climate governance and encourages transparency in environmental performance. Star Bulk is committed to enhancing its environmental strategy and contributing to a net zero future. The company operates a fleet of 128 vessels, with a total capacity of 14.1 million dwt.
Star Bulk Carriers Corp. (SBLK) reported its third quarter 2022 financial results, highlighting voyage revenues of $364.1 million, a decline from $415.7 million in Q3 2021. Net income fell to $109.7 million, or $1.07 per share, down from $220.4 million, or $2.15 per share, the previous year. Adjusted EBITDA was $189.9 million. The Board declared a quarterly dividend of $1.20 per share, to be paid on December 12, 2022, marking the seventh consecutive distribution since 2021. The company has $392.7 million in cash and $754.7 million in interest rate swaps for risk management.
Star Bulk Carriers Corp. (SBLK) announced it will release its third quarter and nine-month financial results for 2022 on November 16, 2022, after market close. A conference call to discuss the results will take place on November 17, 2022, at 11:00 a.m. Eastern Time. Interested participants can dial in or use a registration option for easier access to the call. The company operates a fleet of 128 vessels in the dry bulk shipping sector, providing transportation solutions for various bulk commodities.
Star Bulk Carriers reported strong Q2 2022 results with net income of $200.1 million, a significant increase from $124.2 million in Q2 2021. Voyage revenues rose to $417.3 million, up from $311.4 million year-over-year. The company declared a quarterly dividend of $1.65 per share payable on September 8, 2022. TCE revenues stood at $337.5 million with a TCE rate of $30,451 per day, reflecting improved market conditions. Cash on hand was $385.6 million as of June 30, 2022.
Star Bulk Carriers Corp. (SBLK) will release its financial results for Q2 and the first half of 2022 on August 4, 2022, after NY market close. A conference call will occur on August 5, 2022, at 11:00 a.m. ET for discussions about these results. Participants must register to receive dial-in details. The company's fleet consists of 128 vessels with a total capacity of 14.1 million dwt, engaged in transporting various bulk commodities. Star Bulk emphasizes that forward-looking statements may involve risks, uncertainties, and assumptions.
Star Bulk Carriers Corp. (SBLK) will release its Q2 financial results on August 4, 2022, after market close. A conference call to discuss these results is scheduled for August 5, 2022, at 11:00 a.m. ET. Participants can join the call using specific US and international dial-in numbers. The event will also be available via a live webcast on the company’s website, along with archived audio. Star Bulk operates a fleet of 128 vessels, transporting major and minor bulk commodities globally.
Star Bulk Carriers reported impressive Q1 2022 financial results, with net income soaring to $170.4 million compared to $35.8 million in Q1 2021. EBITDA reached $220.7 million, a significant improvement from $84.5 million year-on-year. The company declared a quarterly dividend of $1.65 per share, payable on June 16, 2022. TCE Revenues increased to $304.9 million, with a daily TCE of $27,405, up 77% from the previous year. Despite challenges in the global economy, Star Bulk remains optimistic about the dry bulk market, driven by limited supply growth and strong demand.
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