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Star Bulk Carriers Corp. reports company developments tied to dry bulk shipping, fleet utilization and capital allocation. The company provides worldwide seaborne transportation for major bulks such as iron ore, minerals and grain, and minor bulks such as bauxite, fertilizers and steel products, using vessel classes that include Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax.
Recurring news themes include quarterly and annual operating results, time charter equivalent rates, vessel coverage, fleet composition, dividend declarations, share repurchase programs, annual report availability, shareholder voting matters and other capital-structure updates for the Nasdaq-listed common stock.
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.
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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.