Star Bulk: Excellent Fleet, Attractive Value, And Macro Tailwinds
SBLKStar Bulk(SBLK) Seeking Alpha·2024-01-21 13:58

sandsun Introduction Star Bulk Carriers Corp. (NASDAQ:SBLK) is a leading bulk carrier company. SBLK has 127 vessels across all sizes, from Ultaramax to Capesize. The fleet's average age is 11 years, and 94% of the ships are equipped with scrubbers. On December 11, 2023, SBLK announced the company agreed with Eagle Bulk Shipping Inc. (EGLE). Both companies will have 169 vessels, and 97% will be scrubber-equipped. SBLK has healthy finances with 297millioncash,297 million cash, 886 million total debt, and $846 million long ...