star bulk carriers corp

 

ATHENS, GREECE -- (Marketwire) -- 03/19/10 -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today announced that it has entered into a time charter agreement with Rio Tinto for the Star Aurora, a capsize vessel of 171,199 dwt, built in 2000 in Japan, for a period of about 3 years at a gross daily rate of $27,500. The vessel was recently purchased for USD 42.5 million and is expected to be delivered to its new charterers in the fourth quarter 2010. Star Bulk will finance the acq  

Registration Details Below NEW YORK, NY -- (Marketwire) -- 03/15/10 -- 20 listed Company CEOs, CFOs and COOs, as well as several analysts, bankers, financiers and other leading market participants, will participate in panels or presentations at the 4th Annual Capital Link Invest in International Shipping Forum. The Forum will be held in New York City on Thursday, March 25, 2010 from 7:30 am until 5:45 pm EDT. The objective of the Forum is to provide investors with a comprehensive review and o  

Registration Details Below NEW YORK, NY -- (Marketwire) -- 03/08/10 -- 20 listed Company CEOs, CFOs and COOs, as well as several analysts, bankers, financiers and other leading market participants, will participate in panels or presentations at the 4th Annual Capital Link Invest in International Shipping Forum. The Forum will be held in New York City on Thursday, March 25, 2010 from 7:30 am until 5:45 pm EDT. The objective of the Forum is to provide investors with a comprehensive review and  

InterMune, Inc. (NASDAQ: ITMN ) increased 5.24% to $24.50 in the pre-market session. ITMN made a new 52 week high at $25.37 in the last trading session. In the last six months, ITMN has gained over 51%.  

 

2/25/2010- Morgan Stanley analysts said that despite a Q4 earnings dip, Star Bulk Carriers (NASDAQ:SBLK) still as a bright outlook. Analyst Ole Slorer said, "SBLK reported a 4Q09 loss of $0.06 a share (ex. items), below both our and FactSet consensus' $0.02 loss estimates as achieved time charter equivalent rates came in lower than expected. Additionally, the company lost sixteen days of revenue each for both the Omicron and Epsilon due to dry-docking. SBLK declared a $0.05 dividend as part of the compan  

Star Bulk Carriers has reported a net loss of $4.56 million, or $0.07 per diluted share, for the fourth quarter of 2009 compared to a net income of $50.2 million, or $0.89 per diluted share, for the same period of 2008. Revenues for the fourth quarter of 2009 were $31.23 million compared to $72.78 million for the same period of 2008. For the year 2009, the net loss was $58.41 million, or $0.96 per diluted share, compared to a net income of $133.74 million, or $2.46 per diluted share, for 2008.  

Ladies and gentlemen, welcome to the Star Bulk conference call on the fourth quarter and full year 2009 financial results. We have with us Mr. Akis Tsirigakis, Chairman and Chief Executive Officer and Mr. George Syllantavos, Chief Financial Officer of the company. (Operator instructions) I must advise you that this conference is being recorded today, Wednesday, February 24, 2010.  

(Operator instructions) Your first question comes from George Pickral from Stephens, Inc. Please ask your question. Good afternoon, Akis and George.