Star Bulk Carriers Corporation has released its unaudited interim condensed consolidated financial results for the three-month period ended March 31, 2025. The company reported voyage revenues of $230.65 million, a decrease from $259.39 million in the same period of 2024. Net income for the three-month period in 2025 was $74.86 million, slightly down from $74.88 million in the prior year period. The basic and diluted earnings per share remained unchanged at $0.89. The company has observed a shift in several expense categories. Voyage expenses slightly decreased to $56.32 million from $57.09 million, while charter-in hire expenses saw a significant rise to $15.9 million from $3.93 million. Vessel operating expenses increased to $67.94 million from $51.17 million, and dry docking expenses rose to $24.68 million from $10.02 million. Star Bulk Carriers Corporation continues to deploy its vessels on a mix of short to medium time charters or voyage charters, contracts of affreightment, or in dry bulk carrier pools, adjusting these strategies based on market conditions. No specific future guidance or outlook was provided in the financial release.
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