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日本海事新聞ニュース Japan Maritime Daily May 19, 2025 (Mon)

Star Bulk’s financial results in 1Q 2O25 shrink to $460,000

　Greek dry bulk shipowner Star Bulk Carriers announced its financial results for the January-March q ・・・続きはログインして下さいnext %E3%80%80Greek+dry+bulk+shipowner+%3Cb%3EStar+Bulk%3C%2Fb%3E+Carriers+announced+its+financial+results+for+the+January-March+quarter+of+2025+on+May+14%2C+reporting+a+net+profit+of+%24460%2C000.+This+is+a+significant+decrease+from+%2474.85+million+in+the+same+period+last+year+due+to+sluggish+spot+market+conditions+and+increased+drydock+costs.+%3Cbr%3E%E3%80%80CEO+%28Chief+Executive+Officer%29+Petros+Pappas+said%2C+%E2%80%9CWe+remained+profitable+despite+the+weak+market+conditions.+With+liquidity+in+excess+of+%24500+million%2C+net+debt+below+scrap+value+and+a+fleet+of+13+unencumbered+vessels%2C+we+are+well+positioned+to+capture+opportunities+in+the+dry+bulk+market.%E2%80%9C+%3Cbr%3E%E3%80%80Sales+fell+by+11%25+from+the+same+period+last+year+to+%24230.65+million.+Following+the+merger+with+the+US+shipping+company+Eagle+Bulk%2C+which+was+completed+in+April+last+year%2C+the+company%E2%80%99s+operating+fleet+increased+to+151+vessels+%28113+vessels+in+the+same+period+last+year%29%2C+but+revenue+decreased+due+to+falling+market+conditions.+In+terms+of+fleet+disposals%2C+the+company+decided+to+sell+five+aging+Supramax+vessels.+%3Cbr%3E%E3%80%80EBITDA+%28Earnings+Before+Interest+Taxes+Depreciation+and+Amortization%29+fell+54%25+to+%2457.99+million.+Average+daily+TCE+%28trade+fee+equivalent%29+revenue+per+vessel+fell+to+%2412%2C439+%28%2419%2C627+in+the+same+period+last+year%29.+%3Cbr%3E%E3%80%80Drydocking+costs+during+the+period+increased+2.5+times+to+%242%2C467.+Fourteen+ships+have+completed+maintenance+in+dock+%28up+from+five+in+the+same+period+last+year%29%2C+and+six+more+have+begun+docking.+%3Cbr%3E%E3%80%80Extraordinary+income+included+%242.3+million+in+war+insurance+for+ships+detained+in+Ukraine.+The+sale+of+one+vessel+resulted+in+a+loss+of+%24740%2C000+%28a+profit+of+%248.76+million+on+the+sale+of+four+vessels+in+the+same+period+last+year%29.+%3Cbr%3E%E3%80%80On+the+financing+side%2C+the+company+secured+a+%2443+million+credit+line+from+Taiwan%E2%80%99s+Fubon+Bank+in+March+and+a+credit+line+of+up+to+%24130+million+for+new+Kamsarmax+ships+from+Taiwan%E2%80%99s+E.SUN+Commercial+Bank+in+April.+%3Cbr%3E%E3%80%80In+February%2C+it+repaid+%247.8+million+of+a+%2439+million+loan+facility+with+Sweden%E2%80%99s+SEB+ahead+of+schedule+and+also+terminated+a+related+interest+rate+swap+agreement.+In+addition%2C+the+company+plans+to+make+early+repayments+of+a+total+of+%2426.9+million+in+the+first+half+of+this+year+using+proceeds+from+ship+sales+and+other+sources.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%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