Star Bulk Carriers Corp. (NASDAQ: SBLK)

Star Bulk Carriers Corp. is a leading global shipping company that owns and operates a modern and diverse fleet of dry bulk vessels. The company transports a broad range of major and minor bulk commodities including iron ore, minerals and grain, bauxite, fertilizers and steel products along worldwide shipping routes. Star Bulk Carriers Corp. is committed to integrating ESG practices into its operational and strategic decision making with a vision to be a leader in sustainable dry bulk shipping.

Star Bulk Carriers Corp. generates revenue by chartering out its vessels to customers who pay for the transportation of dry bulk commodities. The company earns income primarily through voyage charters, time charters and contracts of affreightment. Its services are provided to a global customer base that includes major charterers and cargo owners requiring efficient transportation solutions for commodities across international trade routes.

The company operates through the following segments: Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax.

• The Newcastlemax segment consists of vessels with carrying capacities between 200,000 and 220,000 dwt that transport iron ore and coal and are able to enter the port of Newcastle in Australia.

• The Capesize segment includes vessels with carrying capacities between 100,000 and 200,000 dwt that generally operate along long-haul iron ore and coal trade routes.

• The Post Panamax segment comprises vessels with carrying capacities between 90,000 and 100,000 dwt designed for loading high cubic cargoes from draft restricted ports and capable of traversing the Panama Canal following its latest expansion.

• The Kamsarmax segment consists of vessels with carrying capacities typically around 82,000 dwt that are optimized for trades requiring Panama Canal transit and serve a variety of bulk commodities.

• The Panamax segment includes vessels with carrying capacities between 65,000 and 90,000 dwt that carry coal, grains and minor bulks including steel products, forest products and fertilizers and can pass through the Panama Canal.

• The Ultramax segment consists of vessels with carrying capacities between 60,000 and 65,000 dwt that carry grains and minor bulks and operate along many global trade routes as the largest and most modern version of Supramax bulk carrier vessels.

• The Supramax segment includes vessels with carrying capacities between 45,000 and 60,000 dwt that operate along a large number of geographically dispersed global trade routes mainly carrying grains and minor bulks.

Star Bulk Carriers Corp. is the largest U. S.-listed pure dry bulk shipping company as measured by aggregate deadweight with a global footprint enabling it to serve a diversified customer base across key maritime hubs. The vast majority of its fleet is fitted with exhaust gas cleaning systems which reduce sulfur emissions complying with the global sulfur cap regulations. The company believes its large modern high-quality fleet allows it to maintain competitive operating and general and administrative costs achieve high safety standards and secure favorable time charters.

Star Bulk Carriers Corp. serves major dry bulk charterers including first class iron ore miners utilities companies commodity trading houses and diversified shipping companies. The company has well-established relationships with these customers who rely on its vessels to carry a variety of cargoes over a multitude of routes around the globe.