Star Bulk Carriers Corp. Stock Price, News & Analysis

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.

Star Bulk Carriers Corp. (SBLK) will participate in Capital Link’s Corporate Presentations Webinar Series on January 13, 2022, at 10:00 am ET. The senior management team will discuss the company's operations, business development, and growth outlook in the dry bulk sector. Interested participants can register for the webinar through the provided link, and a live Q&A session will follow the presentation. Star Bulk operates 128 vessels, transporting major and minor dry bulk cargoes worldwide, and continues to navigate the evolving shipping market.

Star Bulk Carriers (Nasdaq: SBLK) reported robust third-quarter 2021 results, achieving net income of $220.4 million and earnings per share of $2.15, significantly up from $23.3 million and $0.24 per share in Q3 2020. Voyage revenues surged to $415.7 million, driven by improved market conditions. The company announced a cash dividend of $1.25 per share, payable on December 22, 2021. Additionally, Star Bulk's average daily Time Charter Equivalent (TCE) rate reached $30,626, up from $13,084 a year earlier, enhancing shareholder value.

Star Bulk Carriers Corp. (SBLK) will release Q3 2021 results on November 16, 2021, after market close. A conference call for discussion will follow on November 17, 2021, at 11:00 a.m. ET. Participants can join via various dialing options, and the event will also be available through a live and archived audio webcast on the company’s website.

Star Bulk operates a fleet of 128 vessels with a total capacity of 14.1 million dwt, transporting major and minor bulk commodities globally.