From GlobeNewswire:

Star Bulk Carriers Corp. has announced their unaudited financial and operating results for the fourth quarter of 2023, expressing financial highlights with voyage revenues at $263,461 and adjusted net income at $63,538. Petros Pappas, Chief Executive Officer of Star Bulk, announced a Net Income of $39.7 million and declared a quarterly cash dividend of $0.45 per share, payable March 28, 2024.

Star Bulk announced their plans to merge with Eagle Bulk Shipping Inc. in an all-stock merger, subject to approval by holders of Eagle Common Stock, receipt of regulatory approvals and satisfaction of other customary closing conditions. The merger is expected to close in the first half of 2024.

Recent Developments also include the completion of previously announced vessel sales, with several vessels being delivered to their new owners in late 2023 and early 2024.:`~



Read more: Star Bulk Carriers Corp. Reports Net Profit of $39.7