Star Bulk focuses on Capesize, Panamax and Supramax drybulk carriers with emphasis on the Supramax vessels for which the demand versus supply fundamentals it considers favorable. Star Bulk's fleet profile enables it to serve its customers in both major and minor bulk trades and its vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargoes. Star Bulk will seek to generate steady cash flows through a mixture of fixed period time charters as well as spot charters or participation in dry bulk pools. Star Bulk places sufficient number of its vessels, under medium- to long-term time charters so as to amply secure its revenues and utilizes its market expertise to place certain vessels under spot charters selectively to optimize its financial results. Time charters and pools normally provide high fleet utilization and more stable revenues.
Star Bulk intends to acquire additional drybulk carriers through timely and selective acquisitions of vessels in a manner that it determines would be accretive to cash flow. Star Bulk expects to fund the acquisitions of additional vessels using its significant free cash flows allowing for organic growth as well as further expansion using its borrowing capacity provided by its balance sheet.
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