Star Bulk Carriers Corp. reported unaudited financial results for the second quarter and first half of 2026, posting a net profit of $144.9 million ($1.30 per share) in Q2, its strongest quarterly result since Q2 2022. Voyage revenues increased to $357.4 million from $247.4 million in the prior year period, driven by higher charter rates that lifted the daily Time Charter Equivalent rate to $24,486. 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. During the quarter, the company took delivery of three new Kamsarmax vessels and sold three older vessels, collecting approximately $60.2 million in net proceeds while making $9.9 million in debt prepayments. Star Bulk Carriers Corp. operates as a global shipping company focusing on the transportation of dry bulk cargoes.
