reports
Star Bulk Announces the Availability of Its 2024 Annual Report on Form...
Star Bulk Announces the Availability of Its 2024 Annual Report on Form 20‐F ATHENS, Greece, March 21, 2025 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that the Company’s annual report on Form 20‐F (the “Annual Report”), which contains the Company’s audited financial statements for the fiscal year ended December 31, 2024, was filed with the Securities and Exchange Commission on March 19, 2025. The Annual Report can be found on the Commission’s website at and on the Company’s website at . About Star BulkStar Bulk is a globa...
- Jørgen Lian
‘The times they are a-changin’
The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
Star Bulk Minor model adjustments
We have updated our estimates following Star Bulk’s Q4 report, Q1 bookings, and other minor model adjustments. We have lowered our 2025e EBITDA by 3%, maintained our 2026e, and introduced our 2027e. The company remains notably discounted to underlying values (P/NAV of 0.61x), but we continue to believe the dry bulk market will be challenged by weak fundamentals despite seasonal tailwinds from here. We expect continued downward pressure on still-elevated consensus, making for a balanced risk/rewa...
Star Bulk Carriers Corp. Reports Net Profit of $42.4 Million for the F...
Star Bulk Carriers Corp. Reports Net Profit of $42.4 Million for the Fourth Quarter of 2024, and Declares Quarterly Dividend of $0.09 per Share ATHENS, Greece, Feb. 18, 2025 (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, today announced its unaudited financial and operating results for the fourth quarter of 2024 and the year ended December 31, 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us,"...
Star Bulk Announces Date for the Release of Fourth Quarter Ended Decem...
Star Bulk Announces Date for the Release of Fourth Quarter Ended December 31, 2024 Results, Conference Call and Webcast ATHENS, Greece, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), today announced that it will release its results for the fourth quarter ended December 31, 2024, after the market closes in New York on Tuesday, February 18, 2025. Star Bulk's management team will host a conference call to discuss the Company's financial results on Wednesday, February 19, 2025 at 11:00 a.m. Eastern Time (ET). Conference Call details:...
- Jørgen Lian
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
Star Bulk (Hold, TP: USD16.00) - Discounted entry, muted outlook
We remain cautious on the dry bulk sector and believe negative momentum in freight rates, asset values, and sell-side consensus will remain a burden on the stock near-term. However, Star Bulk is trading at a significant discount to underlying values (we calculate 0.66x EV/GAV), which alleviates much of the downside risk, in our view. Hence, we reiterate our HOLD, but have cut our target price to USD16.0 (20.2).
- VRS RESEARCH TEAM
Star Bulk Carriers Corp. Announces an Amended Dividend Policy and Shar...
Star Bulk Carriers Corp. Announces an Amended Dividend Policy and Share Buy-Back Under a New Share Repurchase Program ATHENS, Greece, Dec. 16, 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, today announced that the Company’s Board further amended its dividend policy which was in place since 2021. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Car...
- 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).
Star Bulk Carriers Corp. Reports Net Profit of $81.3 Million for the T...
Star Bulk Carriers Corp. Reports Net Profit of $81.3 Million for the Third Quarter of 2024, and Declares Quarterly Dividend of $0.60 per Share ATHENS, Greece, Nov. 19, 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, today announced its unaudited financial and operating results for the third quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Sta...
Star Bulk Announces Date for the Release of Third Quarter Ended Septem...
Star Bulk Announces Date for the Release of Third Quarter Ended September 30, 2024 Results, Conference Call and Webcast ATHENS, Greece, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) today announced that it will release its results for the third quarter ended September 30, 2024, after the market closes in New York on Tuesday, November 19, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Wednesday, November 20, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: ...
Star Bulk Announces Vessel Sale and Repurchase of Common Shares
Star Bulk Announces Vessel Sale and Repurchase of Common Shares ATHENS, Greece, Sept. 09, 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 sale of the Capesize m/v Star Triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of approximately $13.0 million. The Company expects to record a gain on sale of the vessel of approximately $7.7 million during the 3rd ...
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...
- Jørgen Lian
Star Bulk (Hold, TP: USD21.00) - Valuation reflects uncertain outlook
We remain concerned about material headwinds for dry bulk demand in the coming months, while asset values at 15-year highs continue to underpin elevated NAVs despite a less-than-impressive freight market. However, Star Bulk’s recent share price weakness now values it at a considerable 35% discount to NAV, removing much of the downside risk, in our view. We reiterate our HOLD, but have cut our target price to USD21 (26.4).
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 ...
Star Bulk Carriers Corp. Reports Net Profit of $106.1 Million for the ...
Star Bulk Carriers Corp. Reports Net Profit of $106.1 Million for the Second Quarter of 2024, and Declares Quarterly Dividend of $0.70 Per Share 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, today announced its unaudited financial and operating results for the second quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean ...
Star Bulk Announces Conversion of All Eagle Bulk Convertible Notes
Star Bulk Announces Conversion of All Eagle Bulk Convertible Notes 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. Accordingly, the Compan...
Star Bulk Announces Date for the Release of Second Quarter Ended June ...
Star Bulk Announces Date for the Release of Second Quarter Ended June 30, 2024 Results, Conference Call and Webcast 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: Participan...
- Jørgen Lian
Star Bulk (Hold, TP: USD26.40) - Accounting for potential headwinds
The dry bulk freight markets remain strong into the high season as Chinese import demand is unfettered by the dodgy macroeconomic backdrop. However, we believe significant downside risks outweigh the potential, and remain cautious on the sector. We reiterate our HOLD and have tweaked our target price to USD26.4 (26.3).
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