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) operates a modern fleet of dry bulk vessels transporting essential commodities worldwide. This news hub provides investors and maritime industry stakeholders with direct access to official company announcements and market-relevant updates.
Key resources include earnings reports, fleet expansion details, operational milestones, and strategic partnership announcements. Our curated collection ensures timely access to SBLK's verified financial disclosures and press releases.
Track developments across core operational areas including Newcastlemax deployments, coal transportation contracts, and environmental compliance initiatives. All content is sourced directly from company communications to maintain accuracy.
Bookmark this page for streamlined monitoring of SBLK's market position in global dry bulk shipping. Regular updates provide insights into cargo capacity utilization, charter rate trends, and operational efficiency metrics critical for informed analysis.
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.
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced its Q2 2021 results, reporting net income of $124.2 million, compared to a loss of $44.1 million in Q2 2020. The company's voyage revenues surged to $311.4 million, driven by robust demand in the dry bulk sector. The daily time charter equivalent (TCE) rate rose to $22,927, significantly up from $9,402 year-over-year. A quarterly dividend of $0.70 per share was declared alongside a $50 million share repurchase program to enhance shareholder value. Star Bulk continues to strengthen its balance sheet, reducing net debt by $36.2 million.
Star Bulk Carriers Corp. (Nasdaq: SBLK) will release its second quarter and half-year results on August 5, 2021, after market close. The management will discuss the financials in a conference call on August 6, 2021, at 11:00 a.m. ET. Participants can join via specific dial-in numbers and a telephonic replay will be available until August 13, 2021. Star Bulk operates a fleet of 128 vessels with a total capacity of 14.1 million dwt, providing dry bulk shipping solutions globally.
Star Bulk Carriers Corp. (SBLK) announced two separate sales agreements with Deutsche Bank and Jefferies for the offer and sale of up to $150 million in common shares.
The shares may be sold at any time as part of an at-the-market offering. The proceeds will be allocated for various purposes, including capital expenditures, working capital, and debt repayment. The Company has no immediate plans to commence sales under these agreements.
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced it will redeem all of its outstanding 8.30% Senior Unsecured Notes due 2022, totaling $50 million, on July 30, 2021. The redemption will be funded by proceeds from refinancing existing senior secured facilities amounting to approximately $400 million at a reduced average margin of 2.1%, compared to 2.9% for previous facilities. This move is part of Star Bulk's broader strategy to optimize its capital structure and reduce financing costs.
Star Bulk Carriers Corp. (SBLK) announced a secondary public offering of 2,382,775 common shares at $22.00 each, managed by Morgan Stanley. The offering, closing on June 24, 2021, is solely by OCM XL Holdings and will not yield any proceeds for the company. Post-offering, Oaktree Capital Management will hold approximately 25.42% of shares. This release does not constitute an offer to sell or solicit purchases of the securities mentioned, and a registration statement has been filed with the SEC.
Star Bulk Carriers Corp. (SBLK) corrected its previous press release regarding a secondary public offering of 2,382,775 common shares by Oaktree Capital Management. The beneficial ownership percentage was amended from 30.66% to 27.75%. This adjustment does not constitute an offer to sell or solicit offers to buy the securities. A shelf registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission.
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