Star Bulk Carriers Corp.
Owner and operator of dry bulk cargo ships that transport commodities such as grain, coal and iron ore by sea.
From the annual report
Significant Changes to Our Fleet During the Years 2024-2026 . The success of such transactions will depend on a variety of factors, many of which may not be within our control. Vessel construction projects are generally subject to risks of delay or cost overruns that are inherent in any large construction project, which may be caused by numerous factors, including shortages of equipment, materials or skilled labor, unscheduled delays in the delivery of ordered materials and equipment or shipyard construction, failure of equipment to meet quality and/or performance standards, financial or operating difficulties experienced by equipment vendors or the shipyard, unanticipated actual or purported change orders, inability to obtain required permits or approvals, unanticipated cost increases between order and delivery, design or engineering changes and work stoppages and other labor disputes, adverse weather conditions or any other events of force majeure. Significant cost overruns or delays could adversely affect our financial position, results of operations and cash flows. The Diana Purchase Agreement in particular is conditioned upon the success of Diana’s offer to acquire Genco Shipping & Trading Ltd. ( Genco ). Genco has previously rejected Diana’s proposal and, as of the date of this report, has not agreed to any transaction with Diana.
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