CSIMarket
 


Star Bulk Carriers Corp   (SBLK)
Other Ticker:  
 

Star Bulk Carriers 's

Competitiveness


 

SBLK Sales vs. its Competitors Q4 2020



Comparing the results to its competitors, Star Bulk Carriers reported Total Revenue decrease in the 4 quarter 2020 year on year by -15.6 %, despite revenue increase by most of its competitors of 12.21 %, recorded in the same quarter.

List of SBLK Competitors

With net margin of 1.39 % company achieved higher profitability than its competitors.

More on SBLK Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Star Bulk Carriers Corp achieved net profit of $10 millions compare to net loss of $-16 millions recorded in same quarter a year ago.

<<  More on SBLK Income Comparisons


Star Bulk Carriers 's Comment on Competitors and Industry Peers


Demand for dry bulk carriers fluctuates in line with the main patterns of trade of the major dry bulk cargoes and varies according to changes in the supply and demand for these items. We compete with other owners of dry bulk carriers in the Newcastlemax, Capesize, Post Panamax (including the Kamsarmax subcategory), Ultramax and Supramax (including the Handymax subcategory) size sectors. Ownership of dry bulk carriers is highly fragmented and is divided among approximately 1,700 independent dry bulk carrier owners. We compete for charters on the basis of price, vessel location, size, age and condition of the vessel, as well as on our reputation as an owner and operator.

We believe that we possess a number of strengths that provide us with a competitive advantage in the dry bulk shipping industry:

We own a modern, diverse, high quality fleet of dry bulk carrier vessels. Our fleet consists of 72 vessels currently in the water, while we have ten high specification, fuel efficient, Eco-type vessels, on order at quality shipyards in China and Japan. We believe that owning a modern, high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable time charters. We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel. Furthermore we take a proactive approach to safety and environmental protection through comprehensively planned maintenance systems, preventive maintenance programs and by retaining and training qualified crews.

We benefit from strong relationships with members of the shipping and financial industries. Our Chief Executive Officer, directors and management team have established relationships with leading charterers as well as chartering, sales and purchase brokerage houses around the world. Our Chief Executive Officer, directors and management team have maintained relationships with, and have achieved acceptance by, major governmental and private industrial users, commodity producers and traders.

We have an experienced management team and board of directors. Our management team and our board of directors, collectively, have more than 130 years shipping experience during which they have developed strong industry relationships with leading charterers, financial institutions, shipyards, insurance underwriters, protection and indemnity associations.

We conduct a significant portion of the commercial and technical management of our vessels in-house through our wholly owned subsidiaries, Star Bulk Management Inc., Star Bulk Shipmanagement Company (Cyprus) Limited and Starbulk S.A. We believe having control over the commercial and technical management provides us with a competitive advantage over many of our competitors by allowing us to more closely monitor our operations and to offer higher quality performance, reliability and efficiency in arranging charters and the maintenance of our vessels. We also believe that these management capabilities contribute significantly in maintaining a lower level of vessel operating and maintenance costs.

We obtain chartering and brokering services from Interchart, an entity affiliated with our Chief Executive Officer, of which we own 33%. We believe having an influence over the chartering and brokering services provides us with a competitive advantage over many of our competitors by allowing us to obtain profitable rates and retain flexibility in the employment of our vessels.



  

Overall company Market Share Q4 2020

Overall company, revenue fell by -15.6 % and company lost market share, to approximate 16.12 %.





<<  More on SBLK Market Share.
 

*Market share calculated with total revenue.


SBLK's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Star Bulk Carriers Corp 693 2,236 10 150
Genco Shipping and Trading Limited 345 680 -103 1,530
Seacor Holdings Inc 754 968 23 4,901
Navios Maritime Holdings Inc 417 0 -189 491
Navios Maritime Partners L p 227 0 -69 1
Safe Bulkers Inc 404 0 -13 692
Sfl Corporation Ltd 471 866 -224 7
Capital Product Partners L p 141 0 30 1
Golden Ocean Group Limited 608 1,339 -138 25
Ultrapetrol Bahamas Ltd 0 0 0 1,614
Whole Earth Brands Inc 272 0 31 0
Tsakos Energy Navigation Limited 644 0 27 1
Newlead Holdings Ltd. 0 0 0 40
Paragon Shipping Inc. 0 0 0 2
Caspian Services Inc 26 0 10 400
Euroseas Ltd 53 0 4 6
International Shipholding Corp 0 0 0 458
Pangaea Logistics Solutions Ltd 417 168 26 408
Scorpio Bulkers Inc 22 1,393 45 4
Eagle Bulk Shipping Inc 297 558 -22 900
Sino global Shipping America Ltd 6 19 -18 20
SUBTOTAL 5,797 8,226 -569 11,651


Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

GLDM's Profile

Stock Price

GLDM's Financials

Business Description

Fundamentals

Charts & Quotes

GLDM's News

Suppliers

GLDM's Competitors

Customers & Markets

Economic Indicators

GLDM's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.    Copyright © 2021 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071