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) is a global dry bulk shipping company whose news flow reflects developments in deep sea freight transportation and the broader dry bulk market. The company provides worldwide seaborne transportation solutions for major bulks such as iron ore, coal, minerals and grain, as well as minor bulks including bauxite, fertilizers and steel products. Its common shares trade on the Nasdaq Global Select Market, and it reports financial and operating results through regular press releases and SEC filings.
News about Star Bulk often centers on quarterly and annual financial results, where the company discloses voyage revenues, net income, EBITDA, Adjusted EBITDA, TCE revenues and TCE rates. These releases typically include commentary from management on market conditions, fleet performance and capital allocation. Investors following SBLK news can see how metrics such as daily TCE rates and operating expenses per vessel evolve across different quarters and vessel categories.
Another recurring theme in Star Bulk’s news is its capital allocation strategy, including declarations of quarterly cash dividends and updates on share repurchase programs authorized by the board of directors. Press releases describe the number of shares repurchased, average purchase prices and remaining authorization under repurchase programs, as well as the company’s stated approach to returning capital to shareholders.
Star Bulk’s news flow also covers fleet updates and transactions, such as agreements to sell specific vessels, deliveries of sold ships to new owners, and the acquisition of Kamsarmax newbuilding resales under construction. These announcements provide insight into how the company manages fleet renewal and adjusts its vessel mix. Additional items include information on new or refinanced loan and revolving credit facilities, interest rate swap activity, and scheduling of earnings releases, conference calls and webcasts.
For readers tracking SBLK, this news page offers a centralized view of Star Bulk’s operational, financial and corporate announcements, helping to contextualize movements in the company’s performance and fleet within the dry bulk shipping sector.
Star Bulk Carriers Corp. (Nasdaq: SBLK) held its 2025 Annual Meeting of Shareholders in Cyprus on May 14, 2025. During the meeting, shareholders approved two key proposals: the re-election of Petros Pappas, Arne Blystad, and Raffaele Zagari as Class C Directors to the company's Board of Directors, and the appointment of DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. as the company's independent auditors for the fiscal year ending December 31, 2025.
Star Bulk Carriers Corp. (SBLK) has scheduled the release of its first quarter 2025 financial results for Wednesday, May 14, 2025, after the New York market closes. The company will host a conference call to discuss these results on Thursday, May 15, 2025, at 11:00 a.m. ET.
Participants can join via phone using US Toll-Free (877-405-1226), International (201-689-7823), or UK Toll-Free (0-800-756-3429) numbers. The conference ID is 13753831. A live webcast and accompanying slides will be available through Star Bulk's website, with archived versions accessible after the call.
Star Bulk Carriers Corp. (Nasdaq: SBLK) has announced the filing of its 2024 Annual Report on Form 20-F with the Securities and Exchange Commission on March 19, 2025. The report, which includes the company's audited financial statements for the fiscal year ended December 31, 2024, is now accessible to the public through both the SEC's website and Star Bulk's official website.
Star Bulk Carriers Corp. (SBLK) reported a net profit of $42.4 million for Q4 2024, with voyage revenues of $308.9 million. The company declared a quarterly dividend of $0.09 per share, payable March 18, 2025. The company's TCE revenues increased to $216.8 million, though TCE rate decreased to $16,129 per day compared to $18,296 in Q4 2023.
Under its amended dividend policy, Star Bulk may allocate up to 60% of excess cash flow towards dividends, with the remainder for share buybacks and growth initiatives. The company repurchased 893,474 shares between December 2024 and January 2025 at an average price of $15.08 per share. The company achieved $12.6 million in cost reductions in Q4 alone, reaching an annualized run rate of over $50 million in synergies ahead of schedule.
Star Bulk Carriers Corp. (Nasdaq: SBLK) has announced its schedule for the release of fourth quarter 2024 financial results. The results will be released after the New York market closes on Tuesday, February 18, 2025.
The company will host a conference call to discuss these results on Wednesday, February 19, 2025, at 11:00 a.m. ET. Participants can join the call using US Toll-Free (+1 877 405 1226), International (+1 201 689 7823), or UK Toll-Free (+0 800 756 3429) numbers. The conference ID is 13751689.
Investors can also access the call through a 'call me' option for faster connection. Additionally, a live webcast and accompanying slides will be available through Star Bulk's website. Participants should register approximately 10 minutes before the webcast begins.
Star Bulk Carriers Corp. (SBLK) has announced significant changes to its dividend policy and share repurchase program. The company's Board has amended its 2021 dividend policy, allowing for up to 60% of cash flow from operations (less debt amortization, maintenance/upgrade CAPEX, and vessel cash reserves) to be allocated toward quarterly shareholder dividends.
The remaining cash flow will be strategically allocated between share repurchases and growth opportunities. The Board has also replaced the existing $50.0 million share repurchase program with a new $100.0 million program. Under this new program, the company has already repurchased 293,474 shares at an average price of $15.5, which will be withdrawn and cancelled, leaving 117,730,112 shares outstanding.
Star Bulk Carriers reported a net profit of $81.3 million for Q3 2024, with earnings per share of $0.69. The company declared a quarterly dividend of $0.60 per share, payable December 18, 2024. Voyage revenues increased to $344.3 million from $223.1 million in Q3 2023, while TCE rate improved to $18,843 from $15,068. The company's fleet expansion to 155.3 vessels from 121.5 contributed to the improved performance. Star Bulk continues its vessel optimization strategy, having sold 29 vessels for $563 million since 2021 and secured $130 million financing for five new Kamsarmax vessels.
Star Bulk Carriers Corp. (SBLK) has released its 2023 Environmental, Social, and Governance (ESG) Report, marking its sixth annual publication. The report adheres to Global Reporting Initiative (GRI 2021) standards, SASB Marine Transportation (2018) guidelines, and aligns with UN Sustainable Development Goals. Ernst & Young has provided assurance for specific GRI and SASB indicators.
The report presents a detailed overview of Star Bulk's sustainability strategy, performance metrics, and targets. Under ESG Committee guidance, the company implements best practices while addressing key environmental, social, and governance challenges. CEO Petros Pappas emphasized the company's commitment to human welfare and environmental well-being while expanding fleet operations.
Star Bulk Carriers (Nasdaq: SBLK) has scheduled its third quarter 2024 financial results release for Tuesday, November 19, 2024, after New York market closure. The management will host a conference call on Wednesday, November 20, 2024, at 11:00 a.m. ET to discuss the results.
Participants can join via phone using US Toll-Free (+1 877 405 1226), International (+1 201 689 7823), or UK Toll-Free (+0 800 756 3429) numbers. The conference ID is 13750102. A 'call me' option is available for faster connection. The company will also provide a live webcast with accompanying slides through their website, with registration required 10 minutes before start.
Star Bulk Carriers Corp. (Nasdaq: SBLK) has announced two significant developments:
1. The sale of its oldest vessel, the Capesize m/v Star Triumph (built in 2004), for a gross price of $20.0 million. This sale is expected to generate net proceeds of $13.0 million and result in a gain of approximately $7.7 million in Q3 2024.
2. The repurchase of 791,015 common shares at an average price of $20.58 per share, totaling about $16.3 million. These shares will be withdrawn and cancelled.
Management believes that the vessel sale price implies a per-share value significantly higher than the repurchase price, potentially creating value for shareholders.
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