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Basis of Presentation and General Information | 6 Months Ended
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Jun. 30, 2013
Basis of Presentation and General Information [Abstract] |
Basis of Presentation and General Information | 1. Basis of Presentation and General Information: Star Bulk Carriers ("Star Bulk" or the "Company") is a public shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Star Bulk shares started trading on the NASDAQ Global Select Market on December 3, 2007 under the ticker symbol SBLK. The accompanying unaudited interim condensed consolidated financial statements include the accounts of Star Bulk and its subsidiaries, which are hereinafter collectively referred to as the "Company," and have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Operating results for the six months ended June 30, 2013, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2013. The unaudited interim condensed consolidated financial statements presented in this report should be read in conjunction with the Company's Annual Report on Form 20-F for the year ended December 31, 2012. Below is the list of the Company's subsidiaries, all wholly owned, as of June 30, 2013:
Wholly Owned Subsidiaries |  | Vessel Name |  | DWT |  | Date Delivered to Star Bulk |  | Year Built
Star Bulk Management Inc. |  | — |  | — |  | — |  | —
Starbulk S.A. |  | — |  | — |  | — |  | —
Star Bulk Manning LLC |  | — |  | — |  | — |  | —
|  | Vessels in operation at June 30, 2013 |  |  |  |  |  |
Star Aurora LLC |  | Star Aurora |  | 171,199 |  | September 8, 2010 |  | 2000
Star Big LLC |  | Star Big |  | 168,404 |  | July 25, 2011 |  | 1996
Star Borealis LLC |  | Star Borealis |  | 179,678 |  | September 9, 2011 |  | 2011
Star Mega LLC |  | Star Mega |  | 170,631 |  | August 16, 2011 |  | 1994
Star Polaris LLC |  | Star Polaris |  | 179,546 |  | November 14, 2011 |  | 2011
Star Cosmo LLC |  | Star Cosmo |  | 52,247 |  | July 1, 2008 |  | 2005
Star Delta LLC |  | Star Delta (ex F Duckling) |  | 52,434 |  | January 2, 2008 |  | 2000
Star Epsilon LLC |  | Star Epsilon (ex G Duckling) |  | 52,402 |  | December 3, 2007 |  | 2001
Star Gamma LLC |  | Star Gamma (ex C Duckling) |  | 53,098 |  | January 4, 2008 |  | 2002
Star Kappa LLC |  | Star Kappa (ex E Duckling) |  | 52,055 |  | December 14, 2007 |  | 2001
Star Omicron LLC |  | Star Omicron |  | 53,489 |  | April 17, 2008 |  | 2005
Star Theta LLC |  | Star Theta (ex J Duckling) |  | 52,425 |  | December 6, 2007 |  | 2003
Star Zeta LLC |  | Star Zeta (ex I Duckling) |  | 52,994 |  | January 2, 2008 |  | 2003
|  | Vessels disposed* |  |  |  |  |  |
Star Alpha LLC |  | Star Alpha (ex A Duckling) |  | 175,075 |  | January 9, 2008 |  | 1992
Star Beta LLC |  | Star Beta (ex B Duckling) |  | 174,691 |  | December 28, 2007 |  | 1993
Star Ypsilon LLC |  | Star Ypsilon |  | 150,940 |  | September 18, 2008 |  | 1991
Lamda LLC |  | Star Sigma |  | 184,403 |  | April 15, 2008 |  | 1991
* For vessels disposed refer to Note 5. Below is the list of the vessels which are under commercial and technical management by the Company's wholly owned subsidiary Starbulk S.A. as of June 30, 2013. For each vessel Starbulk S.A. receives a fixed management fee of $0.75 per day.
Vessel Owning Company |  | Vessel Name |  | DWT |  | Effective Date of Management Agreement |  | Year Built
Serenity Maritime Inc. |  | Serenity I |  | 53,688 |  | June 11, 2011 |  | 2006
Maiden Voyage LLC * |  | Maiden Voyage |  | 58,722 |  | September 28, 2012 |  | 2012
OOCAPE1 Holdings LLC * |  | Obelix |  | 181,433 |  | October 19, 2012 |  | 2011
Adore Shipping Corp. |  | Renascentia |  | 74,732 |  | June 20, 2013 |  | 1999
* The respective companies are Company's related parties, please refer to Note 3 Additionally Starbulk S.A. has been sub-contracted by a related party, Product Shipping & Trading S.A. (please refer to Note 3), to provide certain management services, including crewing, purchasing and arranging insurance to the vessels which are under the management of Product Shipping & Trading S.A. For each vessel Starbulk S.A. receives a fixed management fee of $0.13 per day. Below is the list of the respective vessels as of June 30, 2013.
Vessel |  | DWT |  | Effective Date of Management Agreement |  | Year Built
Elux Lucis |  | 45,789 |  | March 1, 2013 |  | 2003
Undine |  | 47,999 |  | March 15, 2013 |  | 2004
Axelotl |  | 37,330 |  | June 1, 2013 |  | 2004
Laima |  | 37,330 |  | June 1, 2013 |  | 2003
Elixir |  | 46,874 |  | June 19,2013 |  | 2004
Nothern Light |  | 50,922 |  | June 24, 2013 |  | 2006

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- Definition The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). + References No definition available. + Details
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