Star Bulk Carriers Q1 2016 Financial Results

Star Bulk Carriers reported Q1 2016 results with net revenues of $26.9 million and a net loss of $48.8 million, reflecting challenging dry bulk shipping market conditions. The company operated an average of 72.7 vessels with a time charter equivalent of $4,968 per day and maintained $159.2 million in cash against $984.3 million in outstanding debt.