|Over a week ago|
Star Bulk Carriers provides details on delisting process from OSE » 08:4206/1806/18/20
Star Bulk Carriers Corp.…
Star Bulk Carriers Corp. refers to the press release of June 4, 2020 announcing the delisting of the Company's common shares from the Oslo Bors. The last day of trading on the Oslo Bors will be July 31, 2020 and the delisting will take effect as from August 3, 2020. The Company's common shares will continue to trade on the Nasdaq Global Select Market under the symbol "SBLK". As a result of the delisting from OSE, the Company will also terminate the registration of its common shares with the Norwegian Central Securities Depository. The termination will take effect following a transitional period, of approximately nine months, from the time of delisting. Star Bulk shareholders that currently have their shares registered in the VPS, whether individuals, entities, brokers or custodians, may elect to transfer their shareholdings to the United States prior to the expiration of the Transitional Period, to facilitate trading on Nasdaq. Such shareholdings may be held through a U.S. broker dealer or recorded directly in the shareholder's name on the Company's share register maintained by the Company's transfer agent, American Stock Transfer and Trust Company. In order to complete this transfer, shareholders should contact their broker or custodian directly. Any Star Bulk shareholders who still have shares registered in the VPS, as of 3 August 2020, will receive a letter with further information on the deregistration of the Company's shares from the VPS. Shares that have not been transferred prior to the expiration of the Transitional Period, will be automatically removed from the VPS, on or about April 30, 2021, and be recorded in book entry form directly in the shareholder's name on the Company's share register maintained by AST. A statement, relating to each such shareholder's account, will be generated and mailed by AST. Additional information may be required from AST.
Star Bulk Carriers to delist shares on OSE » 16:2606/0406/04/20
Star Bulk Carriers…
Star Bulk Carriers announced that the Oslo Bors, or OSE, granted the company's request for delisting from the OSE. The last listing day of the company's common shares on the OSE will be July 31 and the delisting will take effect on August 3. The OSE was a secondary listing for the company's common shares since July 16, 2018. The company will announce details on the delisting process of the company's common shares on the OSE in due course.
|Over a month ago|
Star Bulk has balance sheet to 'weather the storm,' says Stifel » 16:0305/2705/27/20
Star Bulk Carriers…
Star Bulk Carriers reported "less than stellar" Q1 results, but this was not unexpected with dry bulk market end-use demand way down due to the coronavirus, Stifel analyst Benjamin Nolan tells investors in a research note. The analyst views the company as well positioned to "weather the storm" with "good assets and a reasonably healthy balance sheet." Star Bulk shares trading at 44% of net asset value is the best way to play the dry bulk theme, says Nolan, who keeps a Buy rating on the shares with a $10 price target.
Fly Intel: After-Hours Movers » 18:2405/2605/26/20
STNE, OOMA, TSCO, HEI, CHRS, ESNT, PTEN, JACK, IDXX, BMY, VSAT, KEYS, SBLK, RPAY, FVRR
Check out this evening's…
Star Bulk Carriers sees bulk of negative effects in first half of FY20 » 17:2105/2605/26/20
The company commented,…
The company commented, "While 2020 trade volumes are projected to contract, the bulk of the negative effect is expected to be concentrated on the first half of 2020. An expected synchronized global economic stimulus should expand trade activity in the medium term, providing opportunities to our Company."
Star Bulk Carriers reports Q1 EPS (23c), consensus (2c) » 17:2005/2605/26/20
Reports Q1 revenue…
Reports Q1 revenue $160.82M, consensus $129.52M. The company commented, ""COVID-19 caused an unprecedented disruption on global trade, including dry bulk shipping. Our three main priorities during the pandemic have been the physical health of our people, the financial health of our company and the uninterrupted service to our customers and we believe we have fared well on all three of our goals. Despite the difficult market conditions, Star Bulk reported a profitable first quarter for 2020, with TCE Revenues of $100.3M and Net Income of $2.8M. The average TCE for the quarter was $10,949/ day per vessel with daily Opex and Net Cash G&A expenses per vessel being $4,047/day and $1,057/day respectively. We have completed our investment in scrubbers, with 114 operational units that will serve to comply with environmental regulations and enhance our commercial performance in the future. Our next priority has been to increase our liquidity and strengthen our balance sheet through vessel refinancings. As of today we have received credit committee approval on financings that would release up to $27.5M of net proceeds to be used for working capital purposes and we continue to work with lenders to significantly increase this figure in the coming months."
|Over a quarter ago|
Deutsche Bank to host a virtual summit » 08:3304/0204/02/20
ASC, CMRE, CPLP, DSX, EGLE, EURN, GLOG, GNK, INSW, LPG, NM, NMM, NNA, SALT, SB, SBLK, SFL, STNG, TK, TNP, TOO, ALIN
7th Annual Shipping…
7th Annual Shipping Virtual Summit will be held on April 2. Webcast Link
Star Bulk Carriers downgraded to Hold from Buy at DNB Markets » 05:4103/0903/09/20
DNB Markets analyst…
DNB Markets analyst Nicolay Dyvik downgraded Star Bulk Carriers to Hold from Buy with a $10.40 price target.
Star Bulk Carriers upgraded to Buy from Hold at Fearnley » 09:2902/2002/20/20
Fearnley analyst Espen…
Fearnley analyst Espen Fjermestad upgraded Star Bulk Carriers to Buy from Hold.
Capital Link to hold a forum » 08:2602/2002/20/20
AAVMY, C, DAC, DLNG, JEF, NBGIF, SBLK, SF, TNP
11th Annual Greek…
11th Annual Greek Shipping Forum will be held in Athens, Greece on February 20.