Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6484
    -0.0005 (-0.08%)
     

  • OIL

    82.72
    -0.64 (-0.77%)
     

  • GOLD

    2,341.50
    -0.60 (-0.03%)
     

  • Bitcoin AUD

    99,669.74
    -2,831.66 (-2.76%)
     

  • CMC Crypto 200

    1,402.24
    -21.86 (-1.54%)
     

  • AUD/EUR

    0.6068
    +0.0011 (+0.19%)
     

  • AUD/NZD

    1.0949
    +0.0019 (+0.17%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,491.90
    +20.43 (+0.12%)
     

  • FTSE

    8,040.32
    -4.49 (-0.06%)
     

  • Dow Jones

    38,332.23
    -171.46 (-0.45%)
     

  • DAX

    18,069.44
    -68.21 (-0.38%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

Star Bulk Carriers President, Hamish Norton, Discusses Business – Capital Allocation Strategy & Dry Bulk Sector Outlook

Capital Link
Updated ·3-min read
Capital Link
Capital Link

NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- 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.

ADVERTISEMENT

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 STATEMENTS
Capital 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 – DISCLAIMER
Founded 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

CONTACT
For more information please email forum@capitallink.com or call +1 212 661-7566.