The worldwide maritime shipping industry is essential to distributing goods, including raw materials, commodities, gasoline, and jet fuel. With an impact on a host of different industries, shipping is in many ways a bellwether for global economic health.
ATHENS, Greece, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the sale of the Capesize m/v Star Triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of...
I have a buy rating on Star Bulk Carriers due to its strong financial position, attractive valuation, and high dividend yield. Despite mixed quarterly results, SBLK's revenue growth and liquidity position make it well-positioned to weather potential macro and industry-specific volatility. Key risks include economic weakness in China and potential geopolitical conflicts, which could pressure shi...
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BDI has further pulled back, attributing to the recent pessimism surrounding China's steel demand and the prolonged slump in the property market. Even so, SBLK continues to guide promising FQ3'24 contracted TCE rates, while reporting rich FQ2'24 adj EBITDA margins despite the higher dry docking expenses. The management expects to deliver increasing synergy in its operations and lower operating ...
ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the resignation of Mr. Sherman Lau, a Class B Director since May 2021. Ms. Milena Maria Pappas has been appointed by the Board, as Class B Director, to fill the seat made vacant by ...
ATHENS, Greece, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that all the 5% Convertible Senior Notes, issued in July 2019 by our wholly-owned subsidiary, Eagle Bulk Shipping Inc. (“Convertible Notes'') maturing on August 1, 2024, were converted into 5,971,290 newly issued shares of Star Bulk common stock, basis a conv...
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