Star Bulk Carriers Corp. Stock Price, News & Analysis

Star Bulk Carriers Corp. (SBLK) will release its Q2 financial results on August 4, 2022, after market close. A conference call to discuss these results is scheduled for August 5, 2022, at 11:00 a.m. ET. Participants can join the call using specific US and international dial-in numbers. The event will also be available via a live webcast on the company’s website, along with archived audio. Star Bulk operates a fleet of 128 vessels, transporting major and minor bulk commodities globally.

Star Bulk Carriers reported impressive Q1 2022 financial results, with net income soaring to $170.4 million compared to $35.8 million in Q1 2021. EBITDA reached $220.7 million, a significant improvement from $84.5 million year-on-year. The company declared a quarterly dividend of $1.65 per share, payable on June 16, 2022. TCE Revenues increased to $304.9 million, with a daily TCE of $27,405, up 77% from the previous year. Despite challenges in the global economy, Star Bulk remains optimistic about the dry bulk market, driven by limited supply growth and strong demand.

Star Bulk Carriers Corp (NASDAQ:SBLK) held its Annual Meeting of Shareholders in Cyprus on May 11, 2022. The meeting approved key proposals including the re-election of Class C Directors: Petros Pappas, Spyros Capralos, Arne Blystad, and Raffaele Zagari. Additionally, DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. was appointed as the independent auditors for the fiscal year ending December 31, 2022. Star Bulk operates a fleet of 128 vessels, specializing in dry bulk transportation, with a total capacity of 14.1 million dwt.

Star Bulk Carriers Corp. (SBLK) will report Q1 2022 results after market close on May 24, 2022. The management will host a conference call on May 25, 2022, at 11:00 a.m. ET to discuss the financial results. Interested participants can dial in 10 minutes early and access a live and archived webcast on the company's website. Star Bulk operates a fleet of 128 vessels with a capacity of 14.1 million dwt, transporting iron ore, minerals, and grain, among other goods. The company emphasizes safe harbor provisions for forward-looking statements regarding future performance.

Star Bulk has filed a new automatic shelf registration on Form F-3, replacing the prior statement set to expire on April 11, 2022. The company also entered into Amended and Restated ATM Sales Agreements with Deutsche Bank Securities and Jefferies, maintaining similar terms to previous agreements. These actions are due solely to the expiration of the prior statement and do not signify any policy change. A technical issue led to a duplicate filing for the prospectus supplement with Jefferies, which did not alter the offerings or details disclosed.

Star Bulk Carriers Corp. (SBLK) announced its participation in a consortium aimed at developing an iron ore Green Corridor between Australia and East Asia. This initiative, supported by the Global Maritime Forum and partners including BHP and Rio Tinto, focuses on assessing the feasibility of zero- or near-zero emission shipping routes. The consortium plans to explore green ammonia supply and bunkering, fostering public-private dialogue for effective demand mobilization. This effort aligns with Star Bulk's commitment to reduce GHG emissions and advance sustainable shipping practices.

Star Bulk Carriers Corp. (SBLK) filed its annual report on Form 20-F with the SEC on March 15, 2022, detailing audited financial statements for the fiscal year ending December 31, 2021. The report is accessible on the SEC’s site and the Company’s website. Star Bulk operates a diverse fleet of 128 vessels, transporting major and minor bulk commodities globally. The company leverages safe harbor provisions for forward-looking statements, acknowledging numerous risks that could impact future performance, including market conditions and operational challenges.

Star Bulk Carriers announced strong Q4 2021 results, with net income of $300.2 million, up from $27.8 million in Q4 2020. The company reported voyage revenues of $499.9 million, a significant increase from $186 million the previous year. Adjusted EBITDA for the quarter reached $355.1 million, up from $81.5 million. Star Bulk declared a quarterly cash dividend of $2.00 per share, payable on March 15, 2022. Additionally, the company maintained a strong cash balance of $593.7 million and reduced net debt to $938.8 million, reinforcing its commitment to shareholder returns.

Star Bulk Carriers Corp. (SBLK) will release its fourth quarter and full year results for 2021 on February 16, 2022, after market close. A conference call with management will follow on February 17, 2022, at 11:00 a.m. ET. Participants can join via designated dial-in numbers. The call will have a live webcast available on the company’s website, along with archived materials. Star Bulk operates a fleet of 128 vessels focusing on dry bulk shipping, with a carrying capacity of 14.1 million deadweight tons.