Star Bulk Carriers Corp. Reports Unaudited Consolidated Operating Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 05:15 pm EST
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Star Bulk Carriers Corp. reported unaudited consolidated operating results for the third quarter and nine months ended September 30, 2023. For the quarter, Average number of vessels was 121.5 compared to 128.0 a year ago. Number of vessels was 120 compared to 128 a year ago. Average age of operational fleet was 11.7 compared to 10.6 a year ago. Ownership days were 11,177 compared to 11,776 a year ago. Available days were 10,785 compared to 10,947 a year ago. Charter-in days were 204 compared to 212 a year ago. Daily Time Charter Equivalent Rate was USD 15,068 compared to USD 24,365 a year ago.
For the nine months, Average number of vessels was 125.1 compared to 128.0 a year ago. Number of vessels was 120 compared to 128 a year ago. Average age of operational fleet was 11.7 compared to 10.6 a year ago. Ownership days were 34,159 compared to 34,944 a year ago. Available days were 32,867 compared to 33,158 a year ago. Charter-in days were 633 compared to 717 a year ago. Daily Time Charter Equivalent Rate was USD 15,035 compared to USD 27,418 a year ago.
Star Bulk Carriers Corp is a Greece-based global shipping company. The Company owns and operates a diverse fleet of dry bulk vessels that transport bulk commodities, including iron ore, minerals and grain, bauxite, fertilizers and steel products, along worldwide shipping routes. The Company has a fleet of 112 vessels, with an aggregate capacity of 12.5 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt. The Company maintains executive offices in Athens, Greece and in Limassol, Cyprus.
STAR BULK CARRIERS CORP. 
