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Star Bulk Carriers Corp. (SBLK)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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22.50+2.00 (+9.76%)
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  • j
    jmc
    Well this is kind of fun. Lots of bullishness for dry bulk these days on strong demand, very little new build activity, and other ship types ahead in the line for new builds. Add on rising steel costs (i.e. higher costs to build ships) and uncertainty around future fuel/emission requirements, and as long as demand stays strong, we could still be in the early innings here.
  • E
    Elaine
    $NMM conversation
    $NMM $DAC $ZIM $GSL $SB $SBLK $CMRE

    Article in Freightwaves: Flexport: Trans-Pacific deteriorating, brace for shipping ‘tsunami’ by Greg Miller.
    TL;DR - Ka.....Ching.
    Bullish
  • d
    d
    I find it sad that a pundit would bother to type out his thoughts about shipping companies and compare DAC to SBLK and use the BDI as a reason for them to jump up in share value. Sorry, Junior, but DAC is NOT in the drybulk industry and the rates they get for their CONTAINERSHIPS have nothing to do with the Baltic Dry Index. Not the Capesize portion of it, not the Panamax portion of it... None. Nada. Zip. Zilch. DAC does not haul iron ore, coal, wheat, soybeans or any thing of the sort. They haul containers full of consumer goods.
  • d
    d
    I sold half today at $21.50. The BDI will turn south soon. It always does about this time of year. The movement of bulk commodities is fairly predictable and this is the time of year things tail off. When panamaxes get down to under $20 k a day, charters use them and split loads rather than book a cape for $45k a day. Simple business practice and it happens all the time.
  • j
    jmc
    05/05/21
    Baltic Dry +3.45% tp 3,266
    Capes +4.33% to $44,817
  • c
    c
    BALTIC CAPESIZE INDEX RISES 16.19% TO $33,290 A DAY - Bloomberg

    Star Bulk operates a fleet of 119 vessels, with an aggregate capacity of 13.4 million dwt, consisting of 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax and 17 Supramax vessels with carrying capacities between 52,425 dwt and 209,537 dwt.
  • E
    Elaine
    $NMM conversation
    Just to pass the time until earnings, rank the following by potential upside: $NMM, $DAC, $GSL, $ZIM, $SBLK, $CMRE.
    Bullish
  • c
    c
    Baltic Dry Index another new high = 2957
    Capesize Index another new high = $38.375
  • G
    Gary
    ADDING ON THE DIP.
    Bullish
  • j
    jmc
    Upgrade by DNB today with a $21 target price.

    Calling for $1.04 in dividends in 2021, $2.46 in 2022, and $3.36 in 2023.
  • c
    c
    China’s Commodities Imports Boom as Copper Purchases Set Record

    Oil imports better-than-expected; iron tops 100 million tons

    China’s purchases of farm goods register a bumper quarterBy Bloomberg News
    (Bloomberg) -- China’s commodities imports boomed in March after lunar holiday disruptions and a resurgent virus stifled demand earlier in the year.

    Copper concentrate imports hit a record of 2.17 million tons, while purchases of the unwrought metal rose to the highest since November, as smelters expanded capacity and China’s factories continued to roar back from the pandemic. Iron ore imports topped 100 million tons for the first time since October, although subsequent months may show the impact of Beijing’s curbs on steel output to control emissions.

    Steel product exports hit a four-year high as the world economy rebounded, and as traders reacted to rumors of an impending cut in export rebates -- which is yet to be confirmed.

    Crude imports of nearly 50 million tons were stronger than expected and the highest total since July, despite scheduled maintenance at refineries. Additional cargoes of U.S.-sanctioned Iranian oil bought by independent refiners may have been behind the increase.

    Among other energy goods, coal imports performed better than expected, recording their highest total this year, despite the ban on Australian shipments. Gas imports slipped back as the market headed into a low season for demand.

    Imports of agricultural goods maintained a fast pace to cover China’s domestic shortfalls and feed the recovery in its hog herd, with corn purchases rising over 400% to 6.7 million tons in the first quarter.

    The farm ministry last week bowed to reality by more than doubling its expectations for imports of the grain in 2020-2021 to 22 million tons -- a figure more in step with, if at the low end, of other forecasts. Meat imports in March, meanwhile, rose above 1 million tons for the first time.

    The broader trade data showed that China’s exports rose less than expected in March, even as global demand continued to strengthen, while imports grew at a faster pace.
  • j
    jmc
    4/30
    Baltic Dry +1.53% to 3,053 (13 up days in a row)
    Capes +2.57% to $40,608 (8 days in a row)

    At 3/31, Baltic Dry at 2,046 (+49% in April) and Capes at $18,327 (+121% in April)
  • Y
    Yahoo Finance Insights
    Star Bulk Carriers is up 10.07% to 22.57
  • c
    c
    Firm Analyst Recommendation Tgt Px Date

    Arctic Securities ASA Lars Bastian Ostereng buy 24.40 04/27/21
    Jefferies Randy Giveans buy 22.00 04/26/21
    Cleaves Securities Joakim Hannisdahl buy 27.00 04/26/21
    Stifel Ben Nolan buy 21.00 04/18/21
  • c
    carmen sbordone
    splitting 2 for 1
  • j
    jmc
    05/04/21
    Baltic Dry +3.41% tp 3,157
    Capes +5.79% to $42,959
  • d
    d
    Who do you think is going to haul all the commodities needed for all the infrastructure being built not only in the US, but around the world? Dry bulk shippers. And now, with all the berths sold out in the big shipyards that can build vessels over 100,000 dwt, most taken by containerships, there can't be any new Capes added to the fleet. Rates should see a big spike this year and average better than any in the last ten.
  • c
    c
    Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Star Bulk Carriers (NASDAQ:SBLK) on Sunday, setting a price target of $27, which is approximately 68.86% above the present share price of $15.99.

    Hannisdahl expects Star Bulk Carriers to post earnings per share (EPS) of $0.29 for the second quarter of 2021.
  • c
    c
    Star Bulk Carriers stock price target raised to $21 from $15 at Stifel Nicolaus
    (MarketWatch) -- (END) Dow Jones Newswires
  • c
    c
    Todays SBLK beating seems unwarranted if you read this from Deutsche Bank last week:

    Drybulk CarrierCapesize and Supramax rates were up 16% and 19% w/w, averaging $14k and $19k per day, while Kamsarmax rates were flat, averaging $23k per day. We note Capesize rates have largely increased on higher rates on the Australian routes while the Brazil-China route remains challenged. Capesize rates have been bolstered by China’s steel production, which is up 13% YTD.

    Freight-forward agreements for Capesize bulkers improved to $18k per day in March and $23k per day in July, significantly above current spot rates. Timecharter market rates were the following: $17,750 for Capesize, $17,375 for Kamsarmax and $14,875 for Supramax.