Star Bulk released a corporate presentation outlining a fleet of 141 vessels on a fully delivered basis and 14.0 million deadweight tonnage. The presentation lists a fleet breakdown of 32 Newcastlemax/Capesize, 43 Post Panamax/Kamsarmax and 58 Ultramax/Supramax vessels. Star Bulk reported a market cap of USD 3.0 billion and TCE revenues of USD 768 million. It also reported cash of about USD 459 million and debt and lease obligations of USD 1.01 billion. The presentation stated a dividend policy to distribute 100% of free cash flow, subject to a minimum cash of USD 2.1 million per vessel.
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