Star Bulk Carriers’ Revenue by Segment (2013-2022)

This statistic highlights Star Bulk Carriers’ Revenue by Segment, split across Pool revenues, Time charters, and Voyage charters, reported annually from 2013 onwards.

Star Bulk Carriers’ Revenue by Segment

(All figures in millions, except percentages)

Star bulk carriers have contributed equal revenue share for time charters and voyage charters in 2021 and the pool revenue has 0% of contribution.

Pool revenues

Pool revenues refer to the income generated from the pooling arrangement. It involves multiple shipping companies combining their vessels into a single fleet to achieve operational efficiencies and cost savings. When the vessels are pooled, they are collectively operated and marketed under a unified management structure. The revenue earned from chartering out these vessels, either through time charters or spot charters, is pooled together. The pool revenue is then distributed among the participating companies based on predetermined agreements or formulas.

 Time charters

A time charter is a contractual agreement between the owner of a vessel and the charterer for the use of the vessel for a specified period. The charterer pays a fixed daily rate, known as the time charter rate, to the owner in exchange for the use of the vessel. The company offers time charter services for its fleet of bulk carriers. One advantage of time charters for the company and the charterers is the predictability of cash flows. By entering into long-term time charters, the company can secure a stable stream of revenue, while charterers can ensure the availability of vessels to meet their transportation needs.

Voyage charters

A voyage charter is a contractual agreement between the shipowner and the charterer, who is typically a cargo owner or trading company. In a voyage charter, the shipowner agrees to transport a specified quantity of cargo from one port to another within a predetermined timeframe. The charter is typically arranged for a single voyage or a series of consecutive voyages. The charterer, on the other hand, is responsible for loading and unloading the cargo and may also be responsible for additional costs, such as cargo insurance and demurrage (if the loading/unloading exceeds the agreed timeframe).

About Star Bulk Carriers Corp.

Star Bulk Carriers Corp is a global shipping company. It operates a diverse fleet of vessels, consisting of modern and eco-friendly bulk carriers. These vessels transport a wide range of dry bulk commodities such as coal, grain, iron ore, and other raw materials. It was founded in 2006. The company focuses on providing efficient shipping services to customers, which include trading, and mining. The company prioritizes safety, operational excellence, and environmental sustainability in its operations.

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