Star Bulk Carriers
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, held its Annual Meeting of Shareholders in Singapore recently. At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company’s Proxy statement were approved and adopted: 1.The re-election of Mr. Petros Pappas and Mr. Spyros Capralos as Class C Directors of the Company to serve until the 2016 Annual Meeting of Shareholders; and 2.The appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A., as the Company's independent auditors for the fiscal year ending December 31, 2013 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, coal and grain and minor bulks such as bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Market under the symbol "SBLK". Currently, Star Bulk has an operating fleet of thirteen dry bulk carriers.
Star Bulk Carriers Corp. announced that it has taken delivery of the M/V Star Kappa (ex E Duckling), a Supramax vessel of 52,055 dwt built in 2001 in Japan. Star Kappa is an addition to the initial fleet, was acquired for USD 72 million and is the third vessel to be delivered to the Company following the completion of the Redomiciliation Merger. Star Kappa has a Time Charter employment contract at a gross daily rate of USD 47,800 with earliest expiration date of September 23, 2010.
Star Bulk Carriers Corp. announced it has agreed to a further three-year time charter for its capesize vessel Star Sigma. The three-year charter will commence in April 2009 when the current one-year time charter at a gross daily rate of USD 100,000 will expire. The three-year charter has gross daily charter average rate of $63,000 staggered as follows: USD 69,000 for the first year (April 2009-April 2010), USD 63,000 for the second year (April 2010-April 2011) and USD 57
Star Bulk Carriers Corp. announced that it has taken delivery of the Star Sigma, a Japanese built Capesize vessel of 184,400 dwt built in 1991. On delivery, Star Sigma has also commenced her one-year time charter employment at a gross daily rate of $100,000 followed by a three-year time charter employment at an average gross daily rate of $63,000. Star Bulk's fleet consists of eleven dry bulk vessels including three Capesize, one Panamax and seven Supramax vessels
Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today announced that the Company received a letter from Korea Line Corporation ("KLC"), the charterers of the Star Gamma ("the vessel'), announcing the termination of the charterparty, effective immediately. No hire has been received since the Company's public announcement on February 22, 2011 informing shareholders that KLC had commenced rehabilitation proceedings in Korea
Star Bulk Carriers Corp. (Nasdaq: SBLK) has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel, built 1991, to a third party for a contracted sale price of $9.12 million. The Company plans to deliver the vessel to the buyers within March 2012. Also, Star Bulk announced that its subsidiary Star Beta LLC and Deiulemar Shipping S.p.A ("Deiulemar") agreed to settle all claims that were the subject of an ongoing arbitration
Star Bulk Carriers Corp announced that it has taken delivery of the following three vessels: The M/V "Star Beta" a Capesize vessel of 174,691 dwt built in 1993. Star Beta has been committed to a two-year Time Charter at a gross daily rate of USD 106,500. The "Star Zeta" a Supramax vessel of 52,994 dwt built in 2003. Star Zeta is currently under a pre-existing time charter employment contract at a gross daily rate of USD 30,500 until the end of March 2008; thereafter
Star Bulk Carriers Corp. announced it has agreed to a further three-year time charter for its Supramax vessel Star Gamma. The new three-year time charter to Korea Line will commence in February 2009 when the current one-year time charter to TMT, at a gross daily rate of USD 28,500, will expire. The new three-year charter with Korea Line has a gross daily average rate of $38,000 staggered as follows: USD 45,000 for the first year (February 2009-February 2010), USD 38
Greece's Star Bulk Carriers Corp. announce its unaudited financial & operating results for the 3 & the 12 months ended December 31, 2012. Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Its vessels transport major bulks, which include iron ore, coal and grain and minor bulks including bauxite, fertilizers and steel products. The company reported a net loss of about US$315-million in 2012
Star Bulk Carriers Corp. announced that on September 23, 2013, the company entered into agreements with Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) for the construction of two 208,000 dwt Newcastlemax drybulk vessels each with fuel efficient specifications and expected deliveries during the first half 2016. On September 27, 2013, the company entered into agreements with Nantong COSCO KHI Ship Engineering Co. (NACKS), for the construction of two 61
Star Bulk Carriers Corp. announce an underwritten public offering of common shares with the intention to use the net proceeds of the offering to partially fund the acquisition of nine identified newbuilding vessels, future vessel acquisitions and general corporate purposes
Reported – Vessel Name – DWT – Built(Age) - Price Millions USD Bulk Carriers 9/24/13 - BIRCH 2 - 20,427 - 98(15) - $2.8 9/9/13 - ORIENTE NOBLE - 23,522 - 96(17) - $5.5 9/16/13 - NEUMETAL VENTURE - 23,786 - 98(15) - $8 9/24/13 - VOGE FELIX - 24,279 - 97(16) - $6.1
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, announced that it has entered into definitive agreements to acquire two modern Ultramax bulk carriers, the M/V Supra Challenger I and M/V Supra Challenger II
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the three and the nine months ended September 30, 2013. Adjusted Net income for the third quarter of 2013 was $2
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced that one of its vessels, the STAR POLARIS, sustained bottom damage when entering the port of Eregli, Turkey. Following a survey of the damages, the vessel proceeded for permanent repairs to Daewoo Mangalia shipyard in Romania
Diana Shipping inc. financial results for Q1 2012, announces delivery of the panamax dry bulk carrier 'MV Melia' Diana Shipping Inc. specializing in the ownership and operation of dry bulk vessels, today reported net income of $20.0 million for the first quarter of 2012
Greece's Star Bulk Carriers Corp. announce a recent incident involving their chartered bulker, 'Star Polaris' Star Bulk Carriers Corp. announce that their Star Polaris sustained main engine failure while sailing from the port of Dangjin, South Korea.
'MV Star Norita', a 58,000 dwt supramax bulk carrier named and delivered from Tsuneishi (Zhoushan) Shipbuilding Inc., China. The vessel is a sister of the recently delivered Isabelita, Bonita and Kristinita of the TESS 58 design. Star Norita is 100% owned by Ugland Shipping AS.
TBS Shipping Board of Directors appoint the Company’s co-founder & Chief Operating Officer, Gregg McNelis, to Chief Executive Officer & President. TBS Shipping Limited (TBS) provides worldwide shipping solutions to industrial shippers through its Five Star Service: ocean
Japan's Imabari Shipbuilding Co., Ltd. introduce a new class of 33,000 dwt bulk carrier designated 'IS' TRI-STAR. The shipbuilders say that its share of the handy-size bulk carrier market is ranked among the highest in the world. Since 2010, over 30 vessels of the "IS" BARI-STAR, 38
Star Bulk Carriers Corp. announced that its Board of Directors approved a backstopped equity rights offering, which will allow the company to raise equity capital through the sale of its commonshares. The proceeds are expected to be primarily used for orders for fuel-efficient dry bulk vessels
The Port of San Diego celebrated the inaugural visit of Grieg Star's 'Star Laguna' with a plaque exchange ceremony. The Star Laguna, one of the newest cargo ships visiting San Diego, called at Tenth Avenue Marine Terminal, where it offloaded 10,000 tons of fertilizer and four yachts
Star Bulk Carriers contracts China's Shanghai Waigaoqiao Shipbuilding to build two Capesize dry bulk carriers, & also signs Letters of Intent with a major Japanese shipyard for construction of two Ultramax dry bulkers. The eco-type, fuel efficient Capesize drybulk vessels are to be delivered
Star Bulk Carriers Corp. announce successful completion of their previously announced $75 million backstopped equity rights offering and concurrent private placement. Due to the level of participation by existing shareholders, back stop providers were issued the minimum amounts under their
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 first half of 2013. Net profit for the second quarter of 2013 was $0.8 million compared to a loss of $4