Star Bulk Carriers: Macro Events Point To Favorable H2 2024 Outlook, Reiterate Buy
Star Group(SGU) Seeking Alpha·2024-08-14 23:00
l I 11 100 i l L H H F let dan_prat We previously covered Star Bulk Carriers (NASDAQ:SBLK) in July 2024, discussing its prospects after the recent merger with Eagle, with it now the largest US listed dry bulk shipping company with 169 of owned vessels. Thanks to the management's promising TCE rate guidance, robust iron ore and coal trades through East Asia, and the resultant elevated Capesize TCE rates, we had believed that SBLK might deliver an excellent FQ2'24 earnings results, albeit with lower variable ...