Dividends & Buybacks ·
Star Bulk Carriers Corp. filed a Form 6-K incorporating its unaudited interim condensed consolidated financial…
SBLKStar Bulk Carriers Corp.
Star Bulk Carriers Corp. filed a Form 6-K incorporating its unaudited interim condensed consolidated financial statements for the six-month period ended June 30, 2026. The company reported Time Charter Equivalent revenues of $498.7 million and a daily TCE rate of $21,495, up significantly from $335.4 million and $13,034 in the prior year period, driven by higher charter rates despite a smaller average fleet size of 134.8 vessels. Net cash provided by operating activities increased to $262.3 million from $103.0 million. The Board declared a quarterly cash dividend of $0.90 per share, payable on or about September 3, 2026, to shareholders of record as of August 21, 2026. Additionally, the company announced the sale of the vessel Pendulum and an agreement to sell Star Eva, while taking delivery of three new Kamsarmax vessels: Star Evelina, Star Emma, and Star Ellie. Star Bulk Carriers Corp. operates in the dry bulk shipping industry, providing worldwide seaborne transportation for commodities such as iron ore, coal, and grain.