Star Bulk Carriers Corp - Focusing on Shareholder Returns and Fleet Upgrades
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Podcast Summary
Star Bulk Carriers Corp - Focusing on Shareholder Returns and Fleet Upgrades
Tuesday, August 12, 2025
Featuring:
- Mr. Hamish Norton, President of Star Bulk Carriers Corp. (NASDAQ: SBLK)
- Mr. Nicolas Bornozis, President of Capital Link
In this episode, Star Bulk Carriers' President Hamish Norton discusses the company's fleet management strategy, including recent vessel sales and upgrades aimed at improving fuel efficiency through advanced technology installations. In outlining the company's capital return policy, Mr. Norton emphasizes their preference for share buybacks when profitable while maintaining flexibility based on market conditions and shareholder preferences. The discussion concludes with an analysis of current dry bulk market conditions, including regional imbalances and seasonal trade patterns, along with considerations of supply-side constraints and potential market drivers through 2026.
About SBLK - Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals, and grain, and minor bulks, which include bauxite, fertilizers, and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006, and maintains executive offices in Athens, New York, Stamford, and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. On a fully delivered basis and as adjusted for the delivery of a) the vessels agreed to be sold and b) the five firm Kamsarmax vessels currently under construction, Star Bulk owns a fleet of 142 vessels, with an aggregate capacity of 14.2 million dwt consisting of 17 Newcastlemax, 15 Capesize, 1 Mini Capesize, 7 Post Panamax, 42 Kamsarmax, 1 Panamax, 48 Ultramax, and 11 Supramax vessels with carrying capacities between 55,569 dwt and 209,537 dwt.
In addition, in November 2021, Star Bulk took delivery of the Capesize vessel Star Shibumi, under a seven-year charter-in arrangement, and in 2024, Star Bulk took delivery of the vessels Star Voyager, Star Explorer, Stargazer, Star Earendel, Star Illusion, and Star Thetis, each subject to a seven-year charter-in arrangement. For more information visit: www.starbulk.com
Capital Link Trending News Webinar Series - This Webinar Series features interviews and discussions with senior management elaborating on recent company news and announcements, and market trends. For more episodes please visit here: https://capitallinkshipping.com/trending-news/