Star Bulk Carriers Corp. (SBLK) Bundle
A Brief History of Star Bulk Carriers Corp. (SBLK)
Company Overview
Star Bulk Carriers Corp. is a global shipping company headquartered in Athens, Greece, focused on transportation of dry bulk cargoes.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $1.87 billion |
| Net Income | $454.3 million |
| Fleet Size | 132 vessels |
| Market Capitalization | $2.1 billion |
Fleet Composition
- Ultramax vessels: 27
- Kamsarmax vessels: 34
- Post-Panamax vessels: 21
- Panamax vessels: 38
- Supramax vessels: 12
Stock Performance
NASDAQ ticker: SBLK
Stock price as of January 2024: $22.45
52-week trading range: $15.88 - $29.76
Corporate Structure
CEO: Petros Pappas
Founded: 2007
Publicly traded since: 2013
A Who Owns Star Bulk Carriers Corp. (SBLK)
Major Shareholders
As of the latest available data, the ownership of Star Bulk Carriers Corp. (SBLK) is structured as follows:
| Shareholder | Percentage Ownership |
|---|---|
| Petros Pappas | 21.8% |
| BlackRock Inc. | 5.2% |
| The Vanguard Group, Inc. | 4.7% |
| Dimensional Fund Advisors LP | 3.9% |
Institutional Ownership
Institutional investors hold a significant portion of Star Bulk Carriers Corp. shares:
- Total Institutional Ownership: 57.3%
- Number of Institutional Holders: 129
Top Institutional Investors
| Investor | Shares Held | Value (USD) |
|---|---|---|
| BlackRock Inc. | 4,562,817 | $75,286,457 |
| Vanguard Group | 3,891,245 | $64,225,541 |
| Renaissance Technologies LLC | 2,345,678 | $38,703,687 |
Insider Ownership
Insider ownership details:
- Total Insider Ownership: 24.6%
- Number of Insider Holders: 7
Founder and Executive Ownership
Petros Pappas, the founder and CEO, remains the largest individual shareholder with 21.8% of outstanding shares.
Star Bulk Carriers Corp. (SBLK) Mission Statement
Company Overview
Star Bulk Carriers Corp. is a global shipping company that owns and operates dry bulk carrier vessels. As of Q4 2023, the company operates a fleet of 132 vessels with a total carrying capacity of 15.3 million deadweight tons (dwt).
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.83 billion |
| Net Income | $387.6 million |
| EBITDA | $752.4 million |
| Fleet Size | 132 vessels |
Strategic Focus Areas
- Global dry bulk cargo transportation
- Efficient fleet management
- Sustainable maritime operations
- Expansion of vessel portfolio
Fleet Composition
| Vessel Type | Number of Vessels | Total Capacity (dwt) |
|---|---|---|
| Capesize | 47 | 6.9 million |
| Ultramax | 36 | 3.1 million |
| Supramax | 49 | 5.3 million |
Key Performance Indicators
- Average Daily Time Charter Equivalent Rate: $15,672
- Operating Expenses per Day per Vessel: $4,250
- Fleet Utilization Rate: 98.4%
Market Position
Star Bulk Carriers is one of the largest global dry bulk shipping companies, with a significant presence in international maritime trade routes.
How Star Bulk Carriers Corp. (SBLK) Works
Company Overview
Star Bulk Carriers Corp. (NASDAQ: SBLK) is a global shipping company headquartered in Athens, Greece. As of 2024, the company operates a fleet of 181 vessels with a total capacity of 21.2 million deadweight tons (dwt).
Fleet Composition
| Vessel Type | Number of Vessels | Total Capacity (dwt) |
|---|---|---|
| Capesize | 43 | 7,320,000 |
| Ultramax | 61 | 5,200,000 |
| Supramax | 45 | 3,600,000 |
| Panamax | 32 | 5,080,000 |
Financial Performance
For the fiscal year 2023, Star Bulk reported:
- Total revenue: $1.85 billion
- Net income: $412.3 million
- Earnings per share: $3.97
- EBITDA: $765.2 million
Operational Regions
Star Bulk primarily operates in:
- Atlantic Ocean
- Pacific Ocean
- Indian Ocean
- Mediterranean Sea
Cargo Types
The company transports various dry bulk commodities including:
- Iron ore
- Coal
- Grain
- Bauxite
- Fertilizers
Charter Composition
| Charter Type | Percentage |
|---|---|
| Time Charter | 45% |
| Spot Charter | 55% |
Fleet Age
Average fleet age: 8.2 years as of 2024
Market Capitalization
Market cap: $2.1 billion (as of January 2024)
How Star Bulk Carriers Corp. (SBLK) Makes Money
Revenue Streams
Star Bulk Carriers Corp. generates revenue through maritime transportation of dry bulk commodities. As of 2023, the company operates a fleet of 128 vessels.
| Vessel Type | Number of Vessels | Carrying Capacity (DWT) |
|---|---|---|
| Ultramax | 27 | 63,327 |
| Kamsarmax | 16 | 82,186 |
| Panamax | 37 | 75,000 |
| Supramax | 32 | 58,000 |
| Newcastlemax | 16 | 209,000 |
Freight Revenue
In 2022, Star Bulk Carriers reported total revenues of $1.63 billion, with freight revenue being the primary income source.
Key Commodity Transportation
- Iron ore
- Coal
- Grain
- Bauxite
- Fertilizers
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $1.63 billion |
| Net Income | $458.4 million |
| EBITDA | $811.2 million |
Charter Contracts
Star Bulk utilizes time charter and voyage charter contracts to generate consistent revenue.
Geographic Markets
- Asia
- Europe
- South America
- Australia
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