SBLK Star Bulk Carriers Corp.

Star Bulk Announces Changes To Its Board Of Directors

Star Bulk Announces Changes To Its Board Of Directors

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 Star Bulk, commented: “On behalf of the continuing members of the board and of management, I would like to thank all of the men and women who have represented Oaktree on our board over the past 10 years. Their contribution to the success of the Company has been invaluable.”

About Star Bulk

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Limassol, Singapore, Germany and Denmark. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. As of August 1st, 2024, Star Bulk has a fleet of 156 owned vessels, with an aggregate capacity of 15.0 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

Contacts

Company:

Simos Spyrou, Christos Begleris

Co ‐ Chief Financial Officers

Star Bulk Carriers Corp.

c/o Star Bulk Management Inc.

40 Ag. Konstantinou Av.

Maroussi 15124

Athens, Greece

Email:

Investor Relations / Financial Media:

Nicolas Bornozis

President

Capital Link, Inc.

230 Park Avenue, Suite 1540

New York, NY 10169

Tel. (212) 661‐7566

E‐mail:



EN
07/08/2024

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Reports on Star Bulk Carriers Corp.

Jørgen Lian
  • Jørgen Lian

Star Bulk (Hold, TP: USD20.20) - Coming challenges mostly priced in

We still see downward pressure on rates and asset values due to the imbalance between China’s underlying raw materials demand and its imports. On our 2025e spot rates and historical valuation multiples, we see 23% downside risk to current 5-year-old Capesize values, and even more for its Supramaxes. Still, we find the share price should be covered even in the event of a 25% drop in asset values. Hence, we have upgraded to HOLD (SELL) and raised our target price to USD20.2 (19.3).

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Star Bulk Announces Vessel Sale and Repurchase of Common Shares

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Star Bulk Carriers Corp: 1 director

A director at Star Bulk Carriers Corp sold 16,450 shares at 20.970USD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...

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