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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 $4.62 USD
Change Today -0.02 / -0.43%
Volume 530.6K
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

star bulk carriers corp (SBLK) Snapshot

Open
$4.65
Previous Close
$4.64
Day High
$4.66
Day Low
$4.49
52 Week High
03/6/14 - $15.88
52 Week Low
01/29/15 - $3.67
Market Cap
731.9M
Average Volume 10 Days
488.2K
EPS TTM
$-0.20
Shares Outstanding
158.4M
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 Announces Replacements in Its Board of Directors

Star Bulk Carriers Corp. announced that entities affiliated with Oaktree Capital Management, L.P., who collectively are the Company's large shareholder (the "Oaktree Investors"), have changed its board member designee to the Board of Directors of the Company. Mr. Rajath Shourie, a Class A director, and Ms. Emily Stephens, a Class B director, have resigned from the Board of Directors. Following the exercise of rights by the Oaktree Investors, afforded to them under the merger transaction previously announced in July 2014, Oaktree Investors have nominated two new individuals to replace the above resigned directors. Consequently, the Board filled the two vacancies by appointing Mr. Mahesh Balakrishnan as Class A director and Ms. Jennifer Box as Class B director, both of whom will serve until their respective successors are duly elected and qualified. The number of directors constituting the Board of Directors remains at nine (9). Mses. Stephens and Box and Messrs. Shourie and Balakrishnan are all officers of Oaktree Capital Management, L.P.

Bocimar International NV, Golden Union Shipping Co S.A., Golden Ocean Group Limited and Star Bulk Carriers Corp. Form New Joint Venture Company

Star Bulk Carriers Corp. announced that Bocimar International NV, Golden Union Shipping Co S.A., Golden Ocean Group Limited and Star Bulk Carriers Corp. have formed a new joint venture company, Capesize Chartering Ltd. The new company will combine and coordinate the chartering services of all the parties. For the customers this represents the benefit of a wider geographic area in which vessels can be made available and with shorter spread between loading dates. For the shipowners the major benefit is achieving a reduction in costs, since always the best positioned vessel can be offered for a fixture of a cargo. This will reduce ballast voyages and associated running costs, notably in respect of bunkers. A reduction of waiting time and time spent in positioning the vessels will benefit the industry as a whole, in the form of reduction of ballast bonuses and demurrage payable by charterers/cargo owners, and a reduction of deviation, waiting time and idle time for the account of the shipowners.

Five Drybulk Shipowning Groups Join Forces to Create a Joint Venture Company, Capesize Chartering Ltd

Bocimar International NV, CTM (C Transport Holding Ltd), Golden Union Shipping Co S.A., Golden Ocean Group Limited ("Golden Ocean") -and STAR BULK CARRIERS CORP have announced the formation of a new joint venture company, Capesize Chartering Ltd. The parties operate in the highly competitive and fragmented Capesize industry, and neither party owns, controls or manages sufficient Capesize vessels to provide competitively priced bids and efficient trading and operations to serve its customers. The new company will combine and coordinate the chartering services of all the parties. For the customers this represents the benefit of a wider geographic area in which vessels can be made available and with shorter spread between loading dates.- For the shipowners the major benefit is achieving a reduction in costs, since always the best positioned vessel can be offered for a fixture of a cargo. This will reduce ballast voyages and associated running costs, notably in respect of bunkers.- A reduction of waiting time and time spent in positioning the vessels will benefit the industry as a whole, in the form of reduction of ballast bonuses and demurrage payable by charterers/cargo owners, and a reduction of deviation, waiting time and idle time for the account of the shipowners. Capesize Chartering Ltd. will commence operations in the second half of February 2015 from the existing offices of each of the five parties involved.

 

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SBLK:US $4.62 USD -0.02

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Industry Analysis

SBLK

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Valuation SBLK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.5x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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Star Bulk Announces the Sale of M/V Star Kim
[Marketwired] - Star Bulk Carriers Corp. a global shipping company providing transportation solutions in the dry bulk sector, today announced that it has entered into a binding agreement to sell the M/V Star Kim , a 38,858 ...
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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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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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[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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Star Bulk Carriers Corp.
[at noodls] - Oct 23, 2014 ADVISORY, Oct. 23, 2014 (GLOBE NEWSWIRE) -- -- What: Star Bulk Carriers Corp. (Nasdaq:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, will visit the Nasdaq ...
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STAR BULK ANNOUNCES ITS PARTICIPATION IN A NON-DEAL INVESTOR ROADSHOW IN U.S.A
[at noodls] - ATHENS, GREECE, October 17, 2014 - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, ...
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Star Bulk Announces Date for the Release of Fourth Quarter 2014 Results, Conference Call and Webcast
[Marketwired] - Star Bulk Carriers Corp. today announced that it will release its results for the fourth quarter ended December 31, 2014 after the market closes in New York on Thursday, March 19, 2015. Star Bulk's management ...
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Star Bulk Announces the Sale of M/V Star Tatianna for Demolition
[Marketwired] - Star Bulk Carriers Corp. a global shipping company providing transportation solutions in the dry bulk sector, today announced that it has entered into a binding agreement to sell for demolition the M/V ...
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STAR BULK ANNOUNCES THE SALE OF M/V STAR JULIA FOR DEMOLITION
[at noodls] - STAR BULK ANNOUNCES THE SALE OF M/V STAR JULIA FOR DEMOLITION
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