Financial Data and Key Metrics Changes - The company reported a net income of $106 million with an adjusted net income of $89 million, translating to $0.81 per share adjusted earnings [4] - Adjusted EBITDA for the quarter was $153 million [4] - Total liquidity stands at $516 million, while total debt is $1.38 billion [4] - The time charter equivalent (TCE) rate was $19,268 per vessel per day, with combined daily operating expenses and net cash G&A expenses at $6,690 per vessel per day [5] - The average net debt per vessel has decreased from $11 million to $6 million since 2021, representing a 34% reduction in leverage [7][8] Business Line Data and Key Metrics Changes - The Eagle Bulk transaction was completed on April 9, contributing 83 days of operations during the second quarter [5] - The company sold 10 vessels in 2024 for total gross proceeds of $180 million, with two vessels expected to be delivered to new owners in Q3 [6] Market Data and Key Metrics Changes - The dry bulk trade is projected to expand by 2.6% in tons and 4.4% in ton miles for 2024, with total dry-bulk volumes increasing by 5.8% year-over-year in the first half of 2024 [24] - Global GDP growth is projected at 3.2% for 2024, with China's GDP expected to grow by 5% [25] - Iron ore trade is expected to expand by 3.1% in tons during 2024, while coal trade is expected to marginally expand by 0.6% in tons [26][29] Company Strategy and Development Direction - The company is focused on integrating Eagle Bulk to leverage a strong global presence and improve operational efficiencies [9][10] - There is an emphasis on maintaining a diversified fleet and exploring potential merger opportunities to enhance growth [41] - The company aims to reduce its carbon footprint and comply with upcoming environmental regulations [18][30] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about the second half of 2024, citing ongoing geopolitical tensions and environmental regulations that will create market inefficiencies [35][36] - The expectation is for a decent market to persist, driven by strong exports and a slowdown in new building deliveries [36] - The company anticipates that the medium-term prospects for the industry remain favorable due to an aging fleet and rigorous environmental regulations [30] Other Important Information - The company has declared a dividend of $0.70 per share, payable on September 6, 2024, with total dividend distributions exceeding $1.25 billion since 2021 [4][8] - The company has completed 36 installations of energy-saving devices, with plans for 11 more by the end of the year [14] Q&A Session Summary Question: Impact of softer steel prices on dry bulk market - Management remains positive for the second half of 2024, citing ongoing geopolitical issues and environmental regulations as factors that will support market stability [35][36] Question: Performance of mid-size segments - Management noted that all vessel sizes are interconnected, and strong performance in larger vessels can positively influence mid-size segments [38][39] Question: Capital allocation and share buybacks - The company has recently completed significant share buybacks and is currently assessing its cash position before making further decisions [41] Question: Direction of secondhand asset values - Management indicated that ship values have stabilized and are expected to plateau unless there is a significant market shift [46][47]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 001-33869 STAR BULK CARRIERS CORP. (Translation of registrant's name into English) Star Bulk Carriers Corp. c/o Star Bulk Management Inc. 40 Agiou Konstantinou Street, 15124 Maroussi, Athens, Greece (Address of principal executive offices) Indicate by check mark whether ...

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.27%. A quarter ago, it was expected that this shipping company would post earnings of $0.87 per share when it actually produced earnings of $0.87, delivering no surprise.Over the last four quarters, the compa ...

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 the resignation of Mr. Lau. The Board currently consists of ten directors. Petros Pappas, Chief Executive Officer of ...

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 conversion ratio of 86.0801 shares of Star Bulk common stock per $1,000 principal amount of Convertible Notes. According ...

Star Bulk Carriers (SBLK) closed at $22.54 in the latest trading session, marking a +0.04% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.08%. Meanwhile, the Dow gained 0.75%, and the Nasdaq, a tech-heavy index, added 2.64%.The shipping company's stock has dropped by 9.3% in the past month, falling short of the Transportation sector's gain of 0.95% and the S&P 500's loss of 0.44%.Analysts and investors alike will be keeping a close eye on the performance of Star Bu ...

Star Bulk Carriers (SBLK) is scheduled to report second-quarter 2024 results on Aug 7, after market close.The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 79 cents per share and $329.4 million, respectively.The earnings estimate for the to-be-reported quarter has declined 1.3% in the past 60 days. The bottom-line projection indicates year-over-year growth of 68.1%. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 38%.S ...

The latest trading session saw Star Bulk Carriers (SBLK) ending at $22.80, denoting a -1.68% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.Coming into today, shares of the shipping company had lost 5.46% in the past month. In that same time, the Transportation sector lost 1.66%, while the S&P 500 lost 0.26%.Market participants will be closely following the financial re ...

Uncovering undervalued high-growth stocks can be a game-changer for seizing substantial returns. Here, the focus is on three undervalued high-growth stocks that are well-positioned to multiply a modest investment significantly. Understanding why these companies stand out through learning unique fundamentals and strategic advantages is key. One of these stands out with its innovative technology, addressing the escalating demand for mass data storage driven by AI and machine learning. This positions the compa ...

ATHENS, Greece, July 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that it will release its results for the second quarter ended June 30, 2024, after the market closes in New York on Wednesday, August 7, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, August 8, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minut ...