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Star Bulk Carriers Corp. reports company developments tied to dry bulk shipping, fleet utilization and capital allocation. The company provides worldwide seaborne transportation for major bulks such as iron ore, minerals and grain, and minor bulks such as bauxite, fertilizers and steel products, using vessel classes that include Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax.
Recurring news themes include quarterly and annual operating results, time charter equivalent rates, vessel coverage, fleet composition, dividend declarations, share repurchase programs, annual report availability, shareholder voting matters and other capital-structure updates for the Nasdaq-listed common stock.
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.
Star Bulk Carriers Corp. (SBLK) reported its financial results for Q3 and nine months ending September 30, 2020. The company achieved a net income of $23.3 million, compared to $5.8 million in Q3 2019, and an adjusted net income of $27.3 million. Voyage revenues decreased to $200.2 million from $248.4 million year-over-year, while Adjusted EBITDA rose to $79.7 million from $72.2 million. The daily TCE rate improved to $13,083 but faced challenges due to COVID-19 restrictions. Current liquidity stands at $225 million after refinancings contributing $113.2 million.
Star Bulk Carriers Corp. (SBLK) will announce its financial results for Q3 and the nine months ending September 30, 2020, after markets close on November 16, 2020. Management will discuss these results in a conference call on November 17, 2020, at 11:00 a.m. ET. Participants can join by dialing specific numbers provided for US, UK, and international callers. The call will also be available via live webcast on the Star Bulk website. The company operates a fleet of 116 vessels, emphasizing its role in the global dry bulk shipping sector.
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Star Bulk Carriers Corp. (SBLK) reported its unaudited financial results for Q2 2020, revealing a net loss of $44.1 million, or $0.46 per share, compared to a net loss of $40.2 million in Q2 2019. Voyage revenues fell to $146.1 million from $157.8 million year-over-year. Adjusted EBITDA increased to $35.1 million from $31.2 million. Despite challenges, the company has secured financing to boost liquidity, including $155.3 million in July and anticipates further cash inflow of $75 million. The average TCE for Q2 was $9,402/day, a decline from $10,549 in Q2 2019.
Star Bulk Carriers Corp. announced the delisting of its shares from the Oslo Børs, effective July 31, 2020. Following the delisting, shares will continue to trade on the Nasdaq under the symbol SBLK. Shareholders are encouraged to transfer their shares from the Norwegian Central Securities Depository (VPS) to a U.S. broker before the transitional period ends, approximately nine months post-delisting. Shares not transferred will be automatically removed from VPS by April 30, 2021. This move simplifies trading for U.S. investors.
Star Bulk Carriers Corp. (SBLK) announced its delisting from the Oslo Stock Exchange, effective August 3, 2020. The last trading day for the company's shares on the exchange will be July 31, 2020. This secondary listing on the OSE began on July 16, 2018. Star Bulk is a global shipping company specializing in dry bulk transportation, operating a fleet of 116 vessels with a combined capacity of 12.9 million deadweight tons. The company will provide details regarding the delisting process in the near future.