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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 Corp. (Nasdaq: SBLK) will disclose its second-quarter financial results for the period ending June 30, 2024, after the market closes in New York on August 7, 2024. The company's management team will discuss these results in a conference call scheduled for August 8, 2024, at 11:00 a.m. Eastern Time (ET).

Interested participants can join the call by dialing +1 877 405 1226 (US Toll-Free), +1 201 689 7823 (US and Standard International), or +0 800 756 3429 (UK Toll-Free), and quoting “Star Bulk Carriers” with the conference ID 13747819. There is also an option to register for a quicker connection through a

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Star Bulk Carriers reported a net profit of $74.9 million for Q1 2024, a significant increase from $45.9 million in Q1 2023. The company declared a quarterly dividend of $0.75 per share. Voyage revenues rose to $259.4 million from $224.0 million, and the Time Charter Equivalent (TCE) rate increased to $19,627 from $14,199. Star Bulk completed a merger with Eagle Bulk Shipping on April 9, 2024, resulting in a combined fleet of 161 vessels. The company sold seven older vessels for gross proceeds of $129.6 million and took delivery of three new vessels. Operating expenses decreased due to a smaller fleet size. Star Bulk entered into new loan facilities totaling $388.1 million to refinance Eagle's debt, adding $12.6 million in liquidity. The company remains optimistic about the dry bulk market's medium-term prospects, driven by favorable order books and upcoming environmental regulations.

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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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FAQ

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

2.72B
113.81M
5.42%
32.92%
2.65%
Deep Sea Freight Transportation
Transportation and Warehousing
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United States of America
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