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 (SBLK) operates a modern fleet of dry bulk vessels transporting essential commodities worldwide. This news hub provides investors and maritime industry stakeholders with direct access to official company announcements and market-relevant updates.
Key resources include earnings reports, fleet expansion details, operational milestones, and strategic partnership announcements. Our curated collection ensures timely access to SBLK's verified financial disclosures and press releases.
Track developments across core operational areas including Newcastlemax deployments, coal transportation contracts, and environmental compliance initiatives. All content is sourced directly from company communications to maintain accuracy.
Bookmark this page for streamlined monitoring of SBLK's market position in global dry bulk shipping. Regular updates provide insights into cargo capacity utilization, charter rate trends, and operational efficiency metrics critical for informed analysis.
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced a secondary public offering of 2,382,775 common shares by funds linked to Oaktree Capital Management. Oaktree affiliates own approximately 30.66% of the company's shares before this offering. Importantly, Star Bulk will not receive any proceeds from this sale. Morgan Stanley serves as the book-running manager for the offering. The company emphasized that this announcement does not comprise an offer to sell or solicit offers to buy securities, and the offering is conducted under an effective registration statement with the SEC.
Star Bulk Carriers Corp. (SBLK) announced a cash dividend of $0.30 per share, payable on or about June 14, 2021, to shareholders on record as of May 31, 2021. The ex-dividend date is set for May 27, 2021. Star Bulk is a global shipping company with a fleet of 128 vessels and a carrying capacity of 14.1 million dwt. The company specializes in transporting major and minor bulk commodities worldwide.
Star Bulk Carriers Corp. (SBLK) has reported robust first-quarter 2021 results, with a net income of $35.8 million, translating to $0.36 earnings per share, significantly up from $2.8 million in Q1 2020. Voyage revenues rose to $200.5 million from $160.9 million, driven by increased TCE Revenues of $156.4 million. The Board declared a quarterly cash dividend of $0.30 per share, payable on June 14, 2021. Star Bulk continues to expand its fleet, acquiring twelve vessels, and expects favorable long-term dynamics due to low orderbooks and rising demand from economic recovery.
On May 13, 2021, Star Bulk Carriers Corp. (SBLK) held its Annual Meeting of Shareholders in Cyprus, where two key proposals were approved: re-election of Koert Erhardt and Brian Laibow, alongside the election of Sherman Lau as Class B directors, and appointing DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. as independent auditors for 2021. Star Bulk operates a fleet of 128 vessels, with a total capacity of 14.1 million dwt, specializing in transporting major and minor bulk commodities globally.
Star Bulk Carriers Corp. (SBLK) announced it will release its Q1 2021 results after the market closes on May 19, 2021. A conference call to discuss these results is scheduled for May 20, 2021, at 11:00 a.m. ET. Participants can dial in 10 minutes before the call using designated phone numbers. The call will also be available via a live webcast on the company’s website. Star Bulk operates a fleet of 128 vessels with a total capacity of 14.1 million dwt, engaged in dry bulk transportation.
Star Bulk Carriers Corp. (SBLK) filed its annual report on Form 20-F with the SEC on March 31, 2021, detailing audited financial statements for the fiscal year ended December 31, 2020. The report is accessible on both the SEC's and Star Bulk's websites. Star Bulk is a global shipping company focused on transporting dry bulk cargoes, operating a fleet of 128 vessels with a capacity of 14.1 million dwt. The company emphasizes its commitment to compliance with regulations and acknowledges potential market risks that could affect performance.
Star Bulk Carriers Corp. (SBLK) announced the delivery of six dry bulk vessels from ENETI INC., part of a previously disclosed transaction. The acquisition involves issuing 2,649,203 common shares and assuming lease obligations of approximately $86.9 million. Following this transaction, the Company's total shares outstanding is now 101,888,919. The new vessels will operate in the spot market, enhancing Star Bulk's capacity in the dry bulk sector.
Star Bulk Carriers Corp. (Nasdaq: SBLK) has announced a definitive agreement to acquire two ECO type resale Kamsarmax vessels, with expected delivery in June and September 2021. The acquisition, sourced from YAMIC yard, is part of the company's fleet renewal strategy, aiming to enhance performance amid evolving carbon emission regulations. The financing is being secured from leading financial institutions. CEO Petros Pappas emphasized the deal's attractive pricing and the robust fundamentals of the dry bulk sector, highlighting its potential to add shareholder value.
Star Bulk Carriers Corp. (Nasdaq: SBLK) reported its fourth quarter and full-year results for 2020, showing a net income of $27.8 million for Q4, compared to $23.5 million in 2019. For the year, net income reached $9.7 million, marking a rebound from a loss of $16.2 million in 2019. Voyage revenues decreased to $186 million in Q4 from $248.6 million, while Adjusted EBITDA for Q4 was $81.5 million. The company reduced net debt by $149 million and maintained a strong liquidity position, raising over $500 million in debt financing during 2020.
Star Bulk Carriers Corp. (SBLK) will announce its Q4 and full-year 2020 financial results on February 17, 2021, after the U.S. market closes. A conference call is scheduled for February 18, 2021, at 11:00 a.m. ET, where management will discuss the results. Interested parties can join via phone or through a live audio webcast on Star Bulk's website. Star Bulk, incorporated in the Marshall Islands, manages a fleet of 126 vessels, transporting various bulk commodities. This upcoming announcement is expected to provide insights into the company’s financial performance amidst current market conditions.
