2024-02-25 09:15:00 ET
Summary
- Dry bulk rates surged in 2021 and early 2022, benefiting shipping companies like Star Bulk Carriers Corp.
- Star Bulk's earnings declined in Q4 '23, with a decrease in revenue, net income, and adjusted EPS.
- Star Bulk announced a merger with Eagle Bulk Shipping, aiming to create a global leader in dry bulk shipping.
Fishing for high yield income in 2024? The marine shipping industry has long been a source of high percentage dividend yields, due to the up and down cycles of shipping rates and general volatility....
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Star Bulk Carriers: 8% Yield, Outperforming In 2024