Star Bulk Carriers Corp.

Star Bulk Carriers Corp. and Diana Shipping Inc. have mutually agreed to terminate their agreement for Star Bulk to purchase 16 vessels from Diana. The original agreement, dated March 6, 2026, was contingent on Diana's proposed acquisition of Genco Shipping & Trading Limited. Both companies are released from their commitments without further obligation or liability, effective August 10, 2026. Diana Shipping confirmed that its offer to acquire Genco and its $1.411 billion committed financing for the transaction remain unaffected.

Star Bulk Carriers Corp. and Diana Shipping Inc. announced the mutual termination of their agreement for Star Bulk to acquire 16 Genco vessels, following Star Bulk's request. This agreement was contingent on Diana's proposed acquisition of Genco Shipping & Trading Limited. Diana's offer to acquire Genco, valued at $24.80 per share cash plus one Diana share, remains on the table and is fully financed with $1.411 billion in committed financing. Both companies expressed frustration with Genco's board for not engaging with Diana's offer.

Star Bulk Carriers Corp. announced a conditional agreement to acquire 16 secondhand vessels from Diana Shipping Inc. for $470.5 million in cash, pending Diana's acquisition of Genco Shipping & Trading Ltd. The company also reported the delivery of three newbuilding vessels and the sale of several older vessels during Q2 2026, with five more newbuildings expected by Q4 2026. As of August 4, 2026, Star Bulk held $531.8 million in cash and $954.8 million in outstanding borrowings, indicating a strong liquidity position to fund its fleet expansion and operations.

Star Bulk Carriers Corp. reported its strongest quarterly results since Q2 2022, with a net profit of $144.9 million for the second quarter of 2026, a substantial increase from the prior year. The company declared a quarterly dividend of $0.90 per share, reflecting its full dividend payout policy. Operational highlights include the delivery of three newbuilding vessels and the sale of three older vessels, alongside strong TCE rates and improved cost efficiency.

Star Bulk Carriers Corp. announced it will release its second-quarter 2026 financial results after the market closes on Wednesday, August 5, 2026. The company's management team will host a conference call to discuss these results on Thursday, August 6, 2026, at 11:00 a.m. Eastern Time. Dial-in details and webcast information for the conference call were provided.

Star Bulk Carriers Corp. announced strong financial and operating results for the first quarter of 2026, reporting a net profit of $58.5 million and diluted earnings per share of $0.52. The company's Board of Directors declared a quarterly cash dividend of $0.50 per share, reflecting its full payout dividend policy. Operational highlights include a significant increase in the daily Time Charter Equivalent (TCE) Rate to $18,493, alongside fleet updates such as completed vessel sales, ongoing newbuilding deliveries, and a conditional agreement to acquire 16 vessels from Diana Shipping Inc. for $470.5 million, which the company intends to fund with existing cash and new debt financing.

Star Bulk Carriers Corp. announced that its Annual Meeting of Shareholders was duly held on May 12, 2026. At the meeting, shareholders approved the re-election of four Class A Directors: Mahesh Balakrishnan, Nikolaos Karellis, Gary Weston, and Eleni Vrettou. Additionally, DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. was appointed as the company's independent auditors for the fiscal year ending December 31, 2026.

Star Bulk Carriers Corp. announced it will release its first quarter 2026 financial results after the market closes on Wednesday, May 20, 2026. The company's management team will host a conference call to discuss these results on Thursday, May 21, 2026, at 11:00 a.m. Eastern Time. Details for participating in the conference call via dial-in or webcast were provided.