Star Bulk

Major vessel Owner’s Reposition Fleets for Scrubber Installation

There has been a significant switch in trading basins as companies bring dry dockings forward to equip their vessels with scrubbers, reports Riviera Maritime Media.

Eagle Bulk Shipping  earnings report

Public shipping company Eagle Bulk Shipping owns 45 dry bulk carriers. In reporting the company’s second quarter results, Eagle Bulk’s chief executive officer Gary Vogel referred to an unusual displacement of the fleet in 2019 between the main trading basins.

“We currently have a greater percentage...

http://mfame.guru/major-vessel-owners-reposition-fleets-for-scrubber-installation/

Star Bulk Carriers Corp. Tackles IMO 2020

  • IMO 2020 disruptions, delays in shipyards and restocking Chinese iron ore port inventories to create opportunities in late 2019 and early 2020.
  • Star Bulk plans to secure scrubber installations for 93% of the fleet by the end of June 2019 and to bring forward all the 2020 drydocks to 2019.
  • Major bunker beds are well prepared to accommodate the anticipated demand for HSFO, LSFO and blended fuels but not the same with smaller ports.
  • Star Bulk is ready to take on the IMO 2020 challenges with...

http://mfame.guru/star-bulk-carriers-corp-tackles-imo-2020/

Star Bulk Can’t Stop, Won’t Stop

  • Star Bulk Carriers a dry bulk pureplay, has further expanded their fleet to 120 vessels after a recent acquisition.
  • They added 11 new vessels in exchange for $80M in cash and 4.5M shares. This transaction is slightly accretive on per-share metrics and enhances SBLK’s scale.
  • SBLK’s Q1-19 results shows an adjusted loss of $0.06 backed by time-charter equivalent (“TCE”) rates of $10,624/day and a Strong Relative Q2 Guidance.
  • SBLK are installing scrubbers on 100% of their vessels, to comply with...

http://mfame.guru/star-bulk-cant-stop-wont-stop/

Star Bulk Carriers to Acquire Eleven Dry Bulk Vessels From Delphin

According to a press release, Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced that it has entered into an en bloc definitive agreement with entities controlled by Delphin Shipping LLC.

Purchase of dry bulk vessels

The company will acquire eleven (11) operating dry bulk vessels for an aggregate purchase price of $139.5 million, payable in the form of $80.0 million in cash and 4.503 million common shares of Star Bulk.

The Company has...

http://mfame.guru/star-bulk-carriers-to-acquire-eleven-dry-bulk-vessels-from-delphin/

Με 11 πλοία ενισχύεται η Star Bulk

Η Star Bulk ανακοίνωσε την Δευτέρα 27 Μαΐου ότι ήρθε σε συμφωνία με τη DelphinShipping LLC για την απόκτηση 11 πλοίων μεταφοράς ξηρού φορτίου έναντι του ποσού των $139,5 εκατ.

Να σημειωθεί ότι η εξαγορά των εν λόγω πλοίων θα πραγματοποιηθεί μέσω της διάθεσης $80 εκατ. ιδίων κεφαλαίων και 4,503 εκατ. κοινών μετοχών της Star Bulk. Όπως αναφέρεται στη σχετική ανακοίνωση η εισηγμένη στο Nasdaq εταιρεία έχει εξασφαλίσει την εγκατάσταση scrubbers για όλα τα νέα της πλοία.

Με την νέα αυτή εξαγορά, η...

https://www.naftikachronika.gr/2019/05/29/me-11-ploia-enischyetai-i-star-bulk/

Happiness Is 5 Years of Scrubbers: Star Bulk

In a recent event, Bulk carrier owner Star Bulk has shed light on calculations behind their fleet-wide adoption of exhaust gas scrubbers, declaring itself satisfied if they can use the systems for as little as five years, says a report published in Marine Propulsion.

What’s behind the 5-year calculation?

Star Bulk Carriers Corp president Hamish Norton explained that the Nasdaq- and Oslo-listed company had considered upcoming regulatory uncertainty. The consideration included both the sulphur cap...

http://mfame.guru/happiness-is-5-years-of-scrubbers-star-bulk/

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