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.
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Star Bulk Carriers Corp. (Nasdaq: SBLK) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on March 7, 2023. The report contains audited financial statements and is accessible on both the SEC's and the Company's websites. Star Bulk specializes in the transportation of dry bulk cargoes, operating a fleet of 128 vessels with a total capacity of 14.1 million dwt. The Company emphasizes its commitment to transparency through compliance with regulatory standards.
Star Bulk Carriers Corp. (Nasdaq: SBLK) reported its fourth quarter and full year 2022 financial results. The fourth quarter saw voyage revenues drop to $294.8 million from $499.9 million in Q4 2021, with net income decreasing to $85.8 million, or $0.84 per share, down from $300.2 million, or $2.93 per share, year-over-year. The company declared a dividend of $0.60 per share, scheduled for payment on March 14, 2023. For the full year 2022, total voyage revenues amounted to $1.44 billion, with an annual net income of $566 million. Star Bulk's cash balance stood at $331.7 million as of early January 2023. Despite current market challenges, the company remains optimistic about long-term dry bulk demand.
Star Bulk Carriers Corp. (SBLK) will announce its fourth quarter and full-year results for 2022 on February 16, 2023, after market closure. A conference call to discuss these financial results is scheduled for February 17, 2023, at 11:00 a.m. Eastern Time. Interested participants can join by calling specific toll-free numbers provided. The call will also feature a live webcast along with presentation slides available on their website. Star Bulk operates a fleet of 128 vessels, transporting major and minor bulk commodities globally.
Star Bulk Carriers Corp. (SBLK) announced its 2022 score from the Carbon Disclosure Project (CDP), achieving a score of B, an improvement from B- in 2021. This places the company at the Management Level, above the industry average of C. The CDP score assesses corporate climate governance and encourages transparency in environmental performance. Star Bulk is committed to enhancing its environmental strategy and contributing to a net zero future. The company operates a fleet of 128 vessels, with a total capacity of 14.1 million dwt.
Star Bulk Carriers Corp. (SBLK) reported its third quarter 2022 financial results, highlighting voyage revenues of $364.1 million, a decline from $415.7 million in Q3 2021. Net income fell to $109.7 million, or $1.07 per share, down from $220.4 million, or $2.15 per share, the previous year. Adjusted EBITDA was $189.9 million. The Board declared a quarterly dividend of $1.20 per share, to be paid on December 12, 2022, marking the seventh consecutive distribution since 2021. The company has $392.7 million in cash and $754.7 million in interest rate swaps for risk management.
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