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Star Bulk Carriers Corp - SBLK STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Star Bulk Carriers's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Star Bulk Carriers's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.96%
Tags
dividends
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
dividends
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
buyback
-
Rhea-AI Summary
Star Bulk Carriers Corp. to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
Rhea-AI Summary
Star Bulk Carriers Corp. publishes its 2022 Environmental, Social and Governance (ESG) Report, highlighting its ESG practices and performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
none
-
Rhea-AI Summary
Star Bulk Carriers Corp. enters into a Repurchase Agreement to buy 10 million common shares at $18.50 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.58%
Tags
buyback
-
Rhea-AI Summary
Star Bulk Carriers Corp. appoints Ryan Lee to its Board of Directors and Nomination and Corporate Governance Committee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
management
Rhea-AI Summary
Star Bulk Carriers Corp. releases US dividend tax treatment forms for 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
dividends
Star Bulk Carriers Corp

Nasdaq:SBLK

SBLK Rankings

SBLK Stock Data

1.84B
71.91M
6.38%
34.61%
3.43%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Greece
Athina

About SBLK

star bulk is a leading global shipping company that provides worldwide seaborne transportation of major bulks such as iron ore, coal and grain, as well as minor bulks such as bauxite, fertilizers and steel products. we own and manage a diverse and modern fleet of high-specification bulk carriers ranging from supramax to newcastlemax vessels. the star bulk fleet transports cargoes efficiently and in a way that protects human health, the environment and the vessels in operation, and that meets or exceeds the safety and quality standards of the industry and of our customers. our vessels are manned by competent and well-trained seafarers and are operated by experienced and highly skilled onshore professionals who work together every day guided by the core values that shape our culture: entrepreneurship, openness, meritocracy, initiative, and teamwork. our vision is to be the global leader in dry bulk shipping. to achieve this, we are always looking for talented and driven professionals to