Street Calls of the Week
ATHENS - Star Bulk Carriers Corp. (NASDAQ:SBLK), a global shipping company focused on dry bulk cargo transportation with a market capitalization of $2.1 billion, announced Friday the appointment of Mikkel Storm Weum to its Board of Directors as a Class B director. According to InvestingPro data, management has been actively buying back shares, demonstrating confidence in the company’s future.
Weum currently serves as an Investment Director at Seatankers Management Norway AS and holds a board position at NYSE-listed FLEX LNG Ltd.
The appointment comes as Star Bulk maintains a substantial fleet of dry bulk vessels. According to the company’s statement, Star Bulk operates 142 vessels on a fully delivered basis, with an aggregate capacity of 14.2 million deadweight tons (dwt). This fleet includes various vessel types ranging from Newcastlemax and Capesize to Ultramax and Supramax ships, with carrying capacities between 55,569 dwt and 209,537 dwt.
The company’s fleet composition includes 17 Newcastlemax, 15 Capesize, 1 Mini Capesize, 7 Post Panamax, 42 Kamsarmax, 1 Panamax, 48 Ultramax, and 11 Supramax vessels. The company noted that this count reflects adjustments for vessels agreed to be sold and five Kamsarmax vessels currently under construction.
Star Bulk, incorporated in the Marshall Islands in December 2006, maintains executive offices in Athens, New York, Stamford, and Singapore. The company’s shares trade on the Nasdaq Global Select Market.
The information in this article is based on a press release statement from Star Bulk Carriers Corp.
In other recent news, Star Bulk Carriers Corp reported its second-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.11, exceeding the forecasted $0.06. Additionally, Star Bulk Carriers reported a revenue of $247.41 million, which was higher than the anticipated $198.4 million. These results highlight a positive financial performance for the company. Despite the strong earnings report, the stock experienced a decline in after-hours trading. No further details were provided on analyst upgrades or downgrades. These developments are part of the latest updates surrounding Star Bulk Carriers. Investors may find these financial results noteworthy as they consider their investment decisions.
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