Star Bulk Carriers Corporation, the largest US-listed dry bulk company, has released a corporate presentation detailing its key investment highlights. The company boasts the largest market capitalization and greatest liquidity among its US-listed peers, with a fleet of 146 vessels averaging 11.8 years in age. A strong focus is placed on its fleet of eco-friendly vessels, with 98% fitted with scrubbers to leverage fuel price spreads. The presentation highlights Star Bulk's robust balance sheet, with approximately $417 million in cash and $1,179 million in debt and lease obligations. The company emphasizes its low operating expenditure and general administrative costs while maintaining high rankings in Rightship. Governance is noted as shareholder-friendly, with a majority independent board and management incentives aligned with shareholders. Star Bulk is also positioned as a leader in the industry's decarbonization efforts. You can access the full presentation through the link below.
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