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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 $10.71 USD
Change Today -0.31 / -2.81%
Volume 538.1K
As of 1:58 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

star bulk carriers corp (SBLK) Snapshot

Open
$11.02
Previous Close
$11.02
Day High
$11.04
Day Low
$10.53
52 Week High
03/6/14 - $15.88
52 Week Low
10/31/13 - $7.72
Market Cap
963.9M
Average Volume 10 Days
404.6K
EPS TTM
$-0.13
Shares Outstanding
90.0M
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. Takes Delivery of M/V Leviathan

Star Bulk Carriers Corp. announced that on September 19, 2014 it has taken delivery of M/V Leviathan, a 182,000 dwt Capesize built by Japan Marine United ('JMU'). The Vessel is a sistership to M/V Peloreus already delivered to the company and is the second of six similar vessels ordered at JMU with expected deliveries until the 3(rd) quarter of 2015. The JMU Capesize vessels are all built with modern specifications and the company anticipates they will have amongst the lowest fuel consumptions and carbon emissions of vessels of similar size and age. The Vessel is currently employed in the spot market in order to take advantage of its modern design and fuel-efficient specifications. The company has partially financed the $34.63 million final delivery installment for the Vessel, using $32.5 million proceeds from the previously committed 5 year senior secured credit facility by Deutsche Bank AG, while the remaining amount was financed using cash on hand. The vessel was fitted with additional and higher specification equipment of approximately $0.54 million, the payment of which is included in the aforementioned final delivery installment. Following the delivery of M/V Leviathan and inclusive of the two Kamsarmax vessels to be delivered from Heron Ventures Ltd., Star Bulk will own forty two dry bulk vessels on the water, consisting of twelve Capesize, four Post-Panamax, seven Kamsarmax, five Panamax, two Ultramax and ten Supramax vessels with average age of approximately 8.1 years. In addition, Star Bulk has entered into definitive contracts for the acquisition of 26 second hand vessels (out of a total of 34 vessels with 8 vessels already delivered) from Excel Maritime Carriers Ltd. and the construction of additional thirty five vessels at high quality shipyards in Japan and China, including thirteen Newcastlemax, eight Capesize and fourteen Ultramax vessels with fuel-efficient specifications and with expected deliveries in 2014, 2015 and early 2016.

Star Bulk Carriers Corp. Presents at 7th Shipping, Marine Services & Offshore Capital Link Forum, Sep-23-2014 11:55 AM

Star Bulk Carriers Corp. Presents at 7th Shipping, Marine Services & Offshore Capital Link Forum, Sep-23-2014 11:55 AM. Venue: One Moorgate Place, London, United Kingdom. Speakers: Hamish Norton, President.

Star Bulk Carriers Corp. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014

Star Bulk Carriers Corp. reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $24,746,000 against $17,379,000 a year ago. This increase is mainly attributed to the increase of the average number of vessels to 17 in the second quarter of 2014 from 13.1 vessels in the second quarter of 2013. Operating loss amounted to $0.7 million compared to operating income of $2.3 million for the second quarter of 2013. Net loss was $2,992,000 against net profit of $806,000 a year ago. Basic and diluted loss per share was $0.10 against earnings per share of $0.15 a year ago. EBITDA was $5,351,000 against $8,204,000 a year ago. Adjusted EBITDA was $9,596,000 against $8,401,000 a year ago. Adjusted net income was $2,836,000 against $2,587,000 a year ago. Adjusted diluted earnings per share were $0.10 against $0.47 a year ago. For the six months, the company reported total revenues of $44,925,000 against $35,818,000 a year ago. This increase is mainly attributed to the increase in the average number of vessels to 16.4 in the first half of 2014 from 13.6 vessels in the first half of 2013. Operating loss amounted to $0.02 million compared to operating income of $5.2 for the first half of 2013. Net loss was $3,870,000 against net profit of $1,964,000 a year ago. Basic and diluted loss per share was $0.13 against earnings per share of $0.36 a year ago. Net cash provided by operating activities for the first half of 2014 and 2013 were $10.4 million and $15.0 million, respectively. EBITDA was $12,092,000 against $16,892,000 a year ago. Adjusted EBITDA was $17,392,000 against $17,135,000 a year ago. Adjusted net income was $4,579,000 against $5,357,000 a year ago. Adjusted diluted earnings per share were $0.16 against $0.99 a year ago.

 

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STAR BULK TAKES DELIVERY OF ITS FIRST ULTRAMAX BULK CARRIER, STAR CHALLENGER
[at noodls] - ATHENS, GREECE, December 16, 2013 - 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 THE ACQUISITION OF TWO MODERN ULTRAMAX VESSELS
[at noodls] - ATHENS, GREECE, November 18, 2013- 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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4:03 pm Star Bulk Carriers announced that on September 19, 2014 it has taken delivery of M/V Leviathan
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Star Bulk Takes Delivery of M/V Leviathan, Its Second Eco, Fuel-Efficient Capesize and Provides Fleet Status Update
[Marketwired] - Star Bulk Carriers Corp. , a global shipping company focusing on the transportation of dry bulk cargoes, today announced that on September 19, 2014 it has taken delivery of M/V Leviathan , a 182,000 dwt ...
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Star Bulk Announces the Date of Its 2014 Annual General Meeting of Shareholders and Internet Availability of Its Proxy Materials
[Marketwired] - Star Bulk Carriers Corp. , a global shipping company focusing on transportation of dry bulk cargoes, announced today that it plans to hold its Annual Meeting of Shareholders at the offices of Seward & ...
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Star Bulk Carriers Corp. Reports Financial Results for the Second Quarter and First Half of 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 second quarter and the first ...
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Q2 2014 Star Bulk Carriers Corp Earnings Release - Before Market Open
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Star Bulk Rises to Two-Month High After Boosting Fleet by Half
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[$$] Star Bulk to Buy 34 Dry-Bulk Vessels
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Star Bulk Agrees to Acquire 34 Drybulk Vessels
[Marketwired] - Star Bulk Carriers Corp. announced today that it has entered into definitive agreements with Excel Maritime Carriers Ltd. pursuant to which the Company will acquire 34 operating vessels for an aggregate ...
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Star Bulk Announces Date for the Release of Second Quarter 2014 Results, Conference Call and Webcast
[Marketwired] - Star Bulk Carriers Corp. today announced that it will release its results for the second quarter ended June 30, 2014 before the market opens in New York on Wednesday, August 20, 2014. Star Bulk's management ...
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Star Bulk Takes Delivery of M/V Peloreus, Its First Eco, Fuel-Efficient Capesize
[Marketwired] - Star Bulk Carriers Corp. , a global shipping company focusing on the transportation of dry bulk cargoes, today announced that on July 22, 2014 it has taken delivery of M/V Peloreus , a 182,000 dwt Capesize ...
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Star Bulk Carriers Corp. Is About to Hit the Big Time
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Star Bulk Merger With Oceanbulk Closes, Creating the Largest U.S. Listed Dry Bulk Company
[Marketwired] - Star Bulk Carriers Corp. announced today that it has closed the previously announced transactions with entities affiliated with Oaktree Capital Management, L.P. and entities controlled by Star Bulk's Non-Executive ...
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