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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.
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.
Star Bulk Carriers Corp. (SBLK), a global shipping company, has signed the Neptune Declaration on Seafarer Wellbeing to address the crew change crisis exacerbated by the Covid-19 pandemic. The declaration, endorsed by over 300 maritime organizations, outlines four key actions: recognizing seafarers as key workers for vaccine priority, establishing health protocols, fostering collaboration for crew changes, and ensuring air connectivity for seafarers. CEO Petros Pappas emphasized the company's commitment to the rights and well-being of seafarers.
Star Bulk Carriers Corp. has announced the delivery of three capesize vessels: E.R. BAYONNE, E.R. BUENOS AIRES, and E.R. BORNEO. These vessels were acquired from E.R. Capital Holding GmbH & Cie. KG, with the cash consideration financed through a new five-year term loan from a major European financial institution. After this transaction, Star Bulk's total outstanding common shares stand at 99,239,716. The company operates a fleet of 119 vessels, showcasing its dominant position in the dry bulk shipping market.
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced a definitive agreement to acquire three capesize dry bulk vessels for $39 million in cash and 2.1 million shares. The vessels, E.R. Bayonne, E.R. Borneo, and E.R. Buenos Aires, are equipped with scrubbers and will be delivered by early February 2021, pending customary conditions. The transaction enhances Star Bulk's fleet, which consists of 119 vessels with a total capacity of 13.4 million dwt. Financing for the cash portion of the deal is being discussed with a financial institution.
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