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Star Bulk Carriers Corp under the ticker symbol SBLK. Here is some more information that we have about Star Bulk Carriers Corp

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Star Bulk Carriers Corp
Star Bulk Carriers Corp. operates as a shipping company providing seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport major bulks, which include iron ore, coal, and grain; and minor bulks, such as bauxite, fertilizers, and steel products. The company has an operating fleet of 12 dry bulk carriers with a further 2 Capesize vessels under construction. Its total fleet consists of 7 Capesize and 8 Supramax dry bulk vessels with a combined cargo carrying capacity of 1,626,748 deadweight tons. The company was incorporated in 2006 and is based in Athens, Greece.
249 Employees
Last Reported Date: 09/8/14
Last $6.55 USD
Change Today +0.15 / 2.34%
Volume 239.2K
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

star bulk carriers corp (SBLK) Snapshot

Open
$6.38
Previous Close
$6.40
Day High
$6.57
Day Low
$6.08
52 Week High
03/6/14 - $15.88
52 Week Low
12/16/14 - $5.41
Market Cap
665.5M
Average Volume 10 Days
374.0K
EPS TTM
$-0.20
Shares Outstanding
101.6M
EX-Date
11/30/12
P/E TM
--
Dividend
--
Dividend Yield
--
SBLK:US Advanced Stock Chart

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star bulk carriers corp (SBLK) Key Developments

Star Bulk Carriers Corp. Announces Long Term Strategic Commercial Partnership with Mining Company

Star Bulk Carriers Corp. announced the execution of three agreements with a leading publicly-traded mining company, for the voyage employment of three Newcastlemax vessels, HN 1359, HN NE 166 (tbn Gargantua) and HN NE 184, to be delivered with the latest generation fuel-efficient specifications from leading shipyards in China. Each of the Vessels will be employed, upon its delivery to the Charterer, for 45 consecutive round-trip voyages from Australia to China over a period of approximately five years, assuming normal travelling conditions and port waiting times. Under the terms of the agreements, the gross freight rate to be earned by each of the Vessels, on a $/ton basis, will be linked to the Baltic Index C5 route, as published by the Baltic Exchange, less voyage expenses. These agreements mark another step towards the Company's commercial strategy of creating more direct and long-term upstream partnerships with major miners, commodity traders and utility companies, by providing these with the scale required for the transportation of large volumes of commodities. The agreements allow the Company to benefit from specific characteristics of the Vessels, namely by taking full advantage of: the economies of scale created by the larger cargo intake of Newcastlemax vessels (approximately 208,000 mt per Vessel); and the fuel-efficient specifications of the Vessels. The company believes that these agreements embody innovative method of vessel employment under an index-linked voyage charter structure. This structure offers, among others, the following distinct benefits: It will further position the Company as a reliable partner to major charterers, thereby creating opportunities for similar agreements in the future; It will provide for long - term vessel employment with a leading A rated counterparty; It will provide the ability to benefit from a potential increase in freight rates, thus maintaining exposure to the favorable long-term fundamentals of the business; It will lead to increased Vessel utilization due to the steady flow of cargo, and the minimization of ballasting, idle time, and vessel diversions for commercial purposes.

Star Bulk Carriers Corp. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

Star Bulk Carriers Corp. reported unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $36,812,000 against $17,727,000 a year ago. Operating income was $1,268,000 compared to $1,801,000 a year ago. Net income was $221,000 against net loss of $168,000 a year ago. Basic and diluted earnings per share were $0.003 against loss per share of $0.01 a year ago. EBITDA was $25,526,000 against $23,873,000 a year ago. Adjusted EBITDA was $27,061,000 against $24,944,000 a year ago. Adjusted net loss was $2,164,000 against income of $2,261,000 a year ago. Adjusted diluted loss per share was $0.03 against income of $0.13 a year ago. For the nine months, the company reported total revenues of $81,737,000 against $53,545,000 a year ago. Operating income was $1,252,000 compared to $7,035,000 a year ago. Net loss was $3,649,000 against net profit of $1,796,000 a year ago. Basic and diluted loss per share was $0.08 against earnings per share of $0.19 a year ago. Net cash provided by operating activities was $7,669,000 compared to $22,431,000 a year ago. EBITDA was $13,433,000 against $6,981,000 a year ago. Adjusted EBITDA was $9,668,000 against $7,809,000 a year ago. Adjusted net income was $2,416,000 against $7,618,000 a year ago. Adjusted diluted earnings per share were $0.05 against $0.82 a year ago.

Star Bulk Carriers Mulls Acquisitions

Star Bulk Carriers Corp. (NasdaqGS:SBLK) intends to make acquisitions. Petros Pappas, Chief Executive Officer of the company said: “We intend to employ our fleet in an active and sophisticated manner, tailored to the fuel efficiency and other specific attributes of each vessel. In particular, our eco new building vessels are ideal for employment on a voyage basis, while our older vessels may be more appropriate for time charters. Once we see the market sentiment improving, we may start taking some of these vessels on longer-term charters. Furthermore, as we have already demonstrated, we will keep on monitoring the market for further acquisition opportunities, aiming to further consolidate the industry. We intend to continue to opportunistically acquire high-quality fleets at attractive prices, as long as such transactions are accretive to our shareholders.”

 

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Price/Book 0.6x
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STAR BULK CARRIERS CORP. ANNOUNCES LONG TERM STRATEGIC COMMERCIAL PARTNERSHIP WITH MAJOR MINING COMPANY
[at noodls] - ATHENS, GREECE, December 17, 2014 - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company providing transportation solutions in the dry bulk ...
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9:01 am Star Bulk Carriers announced the execution of three agreements with a publicly-traded mining co, for the voyage employment of three Newcastlemax vessels; 1st delivery expected in 2Q15
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Star Bulk Carriers downgraded by Clarkson Capital
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Coverage initiated on Star Bulk Carriers by Deutsche Bank
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What Makes Star Bulk Carriers
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Star Bulk Carriers beats 3Q profit forecasts
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Star Bulk Carriers Corp. Reports Profits for the Third Quarter Ended September 30, 2014
[Marketwired] - Star Bulk Carriers Corp. , a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the three and the nine months ...
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Q3 2014 Star Bulk Carriers Corp Earnings Release - Before Market Open
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Black Friday And Cyber Monday Bring Interest To Global Logistics Stocks
[Accesswire] - CORAL GABLES, FL / ACCESSWIRE / December 1, 2014 / By now we're sure you've already seen news stories on the droves of shoppers flocking to retail outlets in order to save hundreds on what's been dubbed ...
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STAR BULK ANNOUNCES DATE FOR THE RELEASE OF THIRD QUARTER 2014 RESULTS, CONFERENCE CALL AND WEBCAST
[at noodls] - Microsoft Word - SBLK_Q3_2014_Earnings_Results_date_final.docx ATHENS, GREECE, November 21, 2014 -Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) today announced ...
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STAR BULK CARRIERS CORP. ANNOUNCES PRICING OF $50,000,000 MILLION OF SENIOR NOTES DUE 2019
[at noodls] - ATHENS, Greece (October 30, 2014) - Star Bulk Carriers Corp. (NASDAQ:SBLK) ("Star Bulk" or the "Company") announced today that it has priced its public offering of senior unsecured ...
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STAR BULK ANNOUNCES AVAILABILITY OF LATEST CORPORATE PRESENTATION
[at noodls] - Microsoft Word - October 30 2014 presentation Press Release ATHENS, GREECE, October 30, 2014 - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping ...
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STAR BULK ANNOUNCES RESULTS OF ITS 2014 ANNUAL GENERAL MEETING OF SHAREHOLDERS
[at noodls] - Microsoft Word - SBLK_ 2014 AGM Results Press Release.doc ATHENS, GREECE, October 27, 2014 - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping ...
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