Star Bulk Carriers President, Hamish Norton, Discusses Business – Capital Allocation Strategy & Dry Bulk Sector Outlook
May 31 2023 - 4:05PM
With the occasion of the recently announced financial and
operational results of Q1 2023, Mr. Hamish Norton, President of
Star Bulk Carriers Corp (NASDAQ: SBLK), participated in Capital
Link’s Trending News Podcast Series, hosted by Mr. Nicolas
Bornozis, President of Capital Link. In this Podcast Series,
company management discusses and comments on recent news and
announcements.
During the interview, Mr. Norton discussed Star
Bulk Carriers’ business, chartering, and capital allocation
strategies, as well as the current market conditions and outlook of
the dry bulk sector.
Interview Highlights:
- Q1 2023 dry bulk market
dynamics
- Fleet development – rationale for
the charter-in of seven eco vessels and for operating a fleet
diversified across vessel sizes in the dry bulk sector
- Benefits from scrubber investments –
the impact of higher fuel prices on freight rates
- Investing in fleet upgrades –
boosting fuel efficiency - reducing environmental footprint
- Fuel options of today and green
fuels of the future – the impact of fleet preparedness
- Fleet chartering strategy
- Focus on continued debt reduction
and increase of liquidity
- Capital allocation – fleet
development, share buybacks and dividend policy
- Star Bulk’s dividend distribution
policy
- Dry bulk sector fundamentals - focus
on supply-side catalysts.
The full interview can be accessed on
the Capital Link TV page linked
below:https://capitallinkshipping.com/capital-link-tv/
About Star Bulk Carriers
Corp.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, Limassol, Singapore and Germany. Its
common stock trades on the Nasdaq Global Select Market under the
symbol “SBLK”. As of May 16, 2023, Star Bulk operates a fleet of
125 vessels, with an aggregate capacity of 13.6 million dwt,
consisting of 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post
Panamax, 40 Kamsarmax, 2 Panamax, 20 Ultramax and 17 Supramax
vessels with carrying capacities between 52,425 dwt and 209,529
dwt.
Additional information about the Company is
available at the Company’s website www.starbulk.com.
FORWARD LOOKING
STATEMENTSCapital Link’s webinars, podcasts and
presentations may contain "forward-looking statements." Statements
that are predictive in nature, that depend upon or refer to future
events or conditions, or that include words such as "expects,"
"anticipates," "intends," "plans," "believes," "estimates,"
"projects," "forecasts," "may," "will," "should" and similar
expressions are forward-looking statements. These statements are
not historical facts but instead represent only the beliefs of each
participating Company regarding future results, many of which, by
their nature are inherently uncertain and outside of the control of
the Companies. Actual results may differ, possibly materially, from
those anticipated in these forward-looking statements. For more
information about risks and uncertainties associated with the
participating companies, please refer to the regulatory filings of
each participating company with the SEC.
CAPITAL LINK –
DISCLAIMERFounded in 1995, Capital Link provides Investor
& Public Relations and Media services to several listed and
private companies, including companies featured in these webinars,
podcasts and presentations. Capital Link is the Investor Relations
Advisor to Star Bulk Carriers. All these, including the one
mentioned above, are for informational and educational purposes and
should not be relied upon. They do not constitute an offer to buy
or sell securities or investment advice or advice of any kind. The
views expressed are not those of Capital Link which bears no
responsibility for them. In addition, Capital Link organizes a
series of industry and investment conferences annually in key
industry centers in the United States, Europe and Asia, all of
which are known for combining rich educational and informational
content with unique marketing and networking opportunities. Capital
Link is a member of the Baltic Exchange. Based in New York City,
Capital Link has presence in London, Athens & Oslo. For
additional information please visit: www.capitallink.com
CONTACTFor more information please
email forum@capitallink.com or call +1 212 661-7566.
Star Bulk Carriers (NASDAQ:SBLK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Star Bulk Carriers (NASDAQ:SBLK)
Historical Stock Chart
From Apr 2023 to Apr 2024