XML 43 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900

Basis of Presentation and General Information (Tables)

12 Months Ended

Dec. 31, 2015

Basis of Presentation and General Information [Abstract]

Schedule Of Purchase Price Allocation

	July 11, 2014
Assets
Cash and cash equivalents	$               89,887
Restricted cash	6,381
Other current assets	13,906
Advances for vessel acquisition and vessels under construction	316,786
Vessels	426,000
Fair value of above market acquired charters	1,967
Total Assets acquired	$            854,927
Liabilities
Current liabilities, excluding current portion of long term bank debt and derivative financial liabilities	12,372
Long-term debt, including current portion	208,237
Derivative financial liabilities	5,728
Total Liabilities assumed	$            226,337
Net assets acquired	$            628,590
Consideration paid in common shares for Oceanbulk and Pappas Companies (51,988,494 shares issued)	616,272
Gain from Bargain Purchase	$               12,318

Results Of Operations For Companies Acquired

		Oceanbulk			Pappas Companies
Voyage revenues	$	39,585		$	2,249
Operating income/(loss)	$	(645	)	$	111
Net loss	$	(4,822	)	$	(213	)

Business Acquisition Pro Forma Information

		2013			2014
Pro forma revenues	$	82,090		$	177,654
Pro forma operating loss	$	(1,172	)	$	(10,296	)
Pro forma net loss	$	(10,604	)	$	(24,075	)
Pro forma loss per share, basic and diluted	$	(0.15	)	$	(0.27	)

List of Subsidiaries

							Date
	Wholly Owned Subsidiaries		Vessel Name		DWT		Delivered to Star Bulk		Year Built
1	Sea Diamond Shipping LLC		Goliath (1)		209,537		July 15, 2015		2015
2	Pearl Shiptrade LLC		Gargantua (1)		209,529		April 2, 2015		2015
3	Coral Cape Shipping LLC		Maharaj (1)		209,472		July 15, 2015		2015
4	L.A. Cape Shipping LLC		Deep Blue (1), (4)		182,608		May 27, 2015		2015
5	Cape Ocean Maritime LLC		Leviathan (1)		182,511		September 19, 2014		2014
6	Cape Horizon Shipping LLC		Peloreus (1)		182,496		July 22, 2014		2014
7	Positive Shipping Company		Indomitable (1), (4)		182,476		January 8, 2015		2015
8	OOCape1 Holdings LLC		Obelix (1), (4)		181,433		July 11, 2014		2011
9	Sandra Shipco LLC		Star Pauline  (ex Sandra) (2)		180,274		December 29, 2014		2008
10	Christine Shipco LLC		Star Martha (ex Christine) (2)		180,274		October 31, 2014		2010
11	Pacific Cape Shipping LLC		Pantagruel (1)		180,181		July 11, 2014		2004
12	Star Borealis LLC		Star Borealis		179,678		September 9, 2011		2011
13	Star Polaris LLC		Star Polaris		179,600		November 14, 2011		2011
14	Star Trident V LLC		Star Angie (2)		177,931		October 29, 2014		2007
15	Sky Cape Shipping LLC		Big Fish (1)		177,643		July 11, 2014		2004
16	Global Cape Shipping LLC		Kymopolia (1)		176,990		July 11, 2014		2006
17	Sea Cape Shipping LLC		Big Bang (1)		174,109		July 11, 2014		2007
18	Star Aurora LLC		Star Aurora		171,199		September 8, 2010		2000
19	Lowlands Beilun Shipco LLC		Star Despoina  (ex Lowlands Beilun) (2)		170,162		December 29, 2014		1999
20	Star Trident VII LLC		Star Eleonora (2)		164,218		December 3, 2014		2001
21	Star Trident VI LLC		Star Monisha (2)		164,218		February 2, 2015		2001
22	Nautical Shipping LLC		Amami (1)		98,681		July 11, 2014		2011
23	Majestic Shipping LLC		Madredeus (1)		98,681		July 11, 2014		2011
24	Star Sirius LLC		Star Sirius		98,681		March 7, 2014		2011
25	Star Vega LLC		Star Vega		98,681		February 13, 2014		2011
26	Star Alta I LLC		Star Angelina (3)		82,981		December 5, 2014		2006
27	Star Alta II LLC		Star Gwyneth (3)		82,790		December 5, 2014		2006
28	Star Trident I LLC		Star Kamila (2)		82,769		September 3, 2014		2005
29	Grain Shipping LLC		Pendulum (1)		82,619		July 11, 2014		2006
30	Star Trident XIX LLC		Star Maria (2)		82,598		November 5, 2014		2007
31	Star Trident XII LLC		Star Markella (2)		82,594		September 29, 2014		2007
32	Star Trident IX LLC		Star Danai (2)		82,574		October 21, 2014		2006
33	Star Trident XI LLC		Star Georgia (2)		82,298		October 14, 2014		2006
34	Star Trident VIII LLC		Star Sophia (2)		82,269		October 31, 2014		2007
35	Star Trident XVI LLC		Star Mariella (2)		82,266		September 19, 2014		2006
36	Star Trident XIV LLC		Star Moira (2)		82,257		November 19, 2014		2006
37	Star Trident XVIII LLC		Star Nina (2)		82,224		January 5, 2015		2006
38	Star Trident X LLC		Star Renee (2)		82,221		December 18, 2014		2006
39	Star Trident II LLC		Star Nasia  (2)		82,220		August 29, 2014		2006
40	Star Trident XIII LLC		Star Laura (2)		82,209		December 8, 2014		2006
41	Star Trident XV LLC		Star Jennifer (2)		82,209		April 15, 2015		2006
42	Star Trident XVII LLC		Star Helena (2)		82,187		December 29, 2014		2006
43	Mineral Shipping LLC		Mercurial Virgo (1)		81,545		July 11, 2014		2013
44	KMSRX Holdings LLC		Magnum Opus (1), (4)		81,022		July 11, 2014		2014
45	Dioriga Shipping Co.		Tsu Ebisu (1), (4)		81,001		July 11, 2014		2014
46	Star Trident III LLC		Star Iris (2)		76,466		September 8, 2014		2004
47	Star Trident IV LLC		Star Aline (2)		76,429		September 4, 2014		2004
48	Star Trident XX LLC		Star Emily (2)		76,417		September 16, 2014		2004
49	Star Trident XXV LLC		Star Vanessa (2)		72,493		November 7, 2014		1999
50	Spring Shipping LLC		Idee Fixe (1)		63,458		March 25, 2015		2015
51	Orion Maritime LLC		Roberta (1)		63,426		March 31, 2015		2015
52	Success Maritime LLC		Laura (1)		63,399		April 7, 2015		2015
53	Ultra Shipping LLC		Kaley (1)		63,283		June 26, 2015		2015
54	Star Challenger I LLC		Star Challenger		61,462		December 12, 2013		2012
55	Star Challenger II LLC		Star Fighter		61,455		December 30, 2013		2013
56	Aurelia Shipping LLC		Honey Badger (1)		61,320		February 27, 2015		2015
57	Rainbow Maritime LLC		Wolverine (1)		61,292		February 27, 2015		2015
58	Star Axe I LLC		Star Antares		61,258		October 9, 2015		2015
59	Star Asia I LLC		Star Aquarius		60,916		July 22, 2015		2015
60	Star Asia II LLC		Star Pisces		60,916		August 7, 2015		2015
61	Glory Supra Shipping LLC		Strange Attractor (1)		55,742		July 11, 2014		2006
62	Star Omicron LLC		Star Omicron		53,489		April 17, 2008		2005
63	Star Gamma LLC		Star Gamma		53,098		January 4, 2008		2002
64	Star Zeta LLC		Star Zeta		52,994		January 2, 2008		2003
65	Star Delta LLC		Star Delta		52,434		January 2, 2008		2000
66	Star Theta LLC		Star Theta		52,425		December 6, 2007		2003
67	Star Epsilon LLC		Star Epsilon		52,402		December 3, 2007		2001
68	Star Cosmo LLC		Star Cosmo		52,246		July 1, 2008		2005
69	Star Kappa LLC		Star Kappa		52,055		December 14, 2007		2001
70	Star Trident XXX LLC		Star Michele (2)		45,588		October 14, 2014		1998
			Total dwt		7,362,579

(1)      Vessels acquired pursuant to the Merger and the Pappas Transaction

(2)      Vessels acquired pursuant to the Excel Transactions

(3)      Vessels acquired from Heron

(4)   Vessels agreed to be sold (Note 20)

List of Newbuildings

	Wholly Owned Subsidiaries	Newbuildings Name	Type	DWT	Expected Delivery Date
1	Star Ennea LLC	HN NE 198 (tbn Star Poseidon) (Note 20)	Newcastlemax	209,000	February 2016
2	Star Seeker LLC	HN 1372 (tbn Star Libra) (5)	Newcastlemax	208,000	April 2016
3	Clearwater Shipping LLC	HN 1359 (tbn Star Marisa) (5) (Note 20)	Newcastlemax	208,000	March 2016
4	Star Castle I LLC	HN 1342 (tbn Star Gemini)	Newcastlemax	208,000	July 2017
5	Domus Shipping LLC	HN 1360 (tbn Star Ariadne) (5)	Newcastlemax	208,000	February 2017
6	Star Breezer LLC	HN 1371 (tbn Star Virgo) (5)	Newcastlemax	208,000	January 2017
7	Star Castle II LLC	HN 1343 (tbn Star Leo) (7)	Newcastlemax	208,000	January 2018
8	Festive Shipping LLC	HN 1361 (tbn Star Magnanimus) (5)	Newcastlemax	208,000	January 2018
9	Cape Confidence Shipping LLC	HN 5055 (tbn Behemoth) (6)	Capesize	182,000	January 2016
10	Cape Runner Shipping LLC	HN 5056 (tbn Megalodon) (6)	Capesize	182,000	January 2016
11	Olympia Shiptrade LLC	HN 1312 (tbn Bruno Marks) (6)	Capesize	180,000	January 2016
12	Victory Shipping LLC	HN 1313 (tbn Jenmark) (6)	Capesize	180,000	March 2016
13	Star Cape I LLC	HN 1338 (tbn Star Aries) (6)	Capesize	180,000	February 2016
14	Star Cape II LLC	HN 1339 (tbn Star Taurus) (6)	Capesize	180,000	April 2016
15	Blooming Navigation LLC	HN 1080 (tbn Kennadi) (Note 20)	Ultramax	64,000	January 2016
16	Jasmine Shipping LLC	HN 1081 (tbn Mackenzie) (Note 20)	Ultramax	64,000	March 2016
17	Oday Marine LLC	HN 1082 (tbn Night Owl)	Ultramax	64,000	March 2016
18	Searay Maritime LLC	HN 1083 (tbn Early Bird)	Ultramax	64,000	April 2016
19	Star Axe II LLC	HN NE 197 (tbn Star Lutas) (Note 20)	Ultramax	61,000	January 2016

(5)      Subject to a bareboat capital lease (Note 6)

(6)      Newbuilding vessels agreed to be sold (Note 20)

(7)      Newbuilding vessel agreed to be sold and chartered back under a capital lease (Note 6)

List of Non-vessel owning subsidiaries

Wholly Owned Subsidiaries

Star Bulk Management Inc.

Starbulk S.A.

Star Bulk Manning LLC

Star Bulk Shipmanagement Company (Cyprus) Limited

Optima Shipping Limited

Star Omas LLC

Star Synergy LLC

Oceanbulk Shipping LLC

Oceanbulk Carriers LLC

International Holdings LLC

Unity Holding LLC

Star Bulk (USA) LLC

Star Trident XXI LLC (8)

Star Trident XXIV LLC (8)

Star Trident XXVII LLC (8)

Star Trident XXXI LLC (8)

Star Trident XXIX LLC (8)

Star Trident XXVIII LLC (8)

Star Trident XXVI LLC (8)

Lamda LLC (8)

Star Trident XXII LLC (8)

Star Trident XXIII LLC (8)

Star Alpha LLC (8)

Star Beta LLC (8)

Star Ypsilon LLC (8)

Star Mega LLC (8)

Star Big LLC (8)

Gravity Shipping LLC (8)

White Sand Shipping LLC (8)

Premier Voyage LLC (8)

(8)      Owning companies of vessels which have been sold and currently have no operations

List of vessels under commercial and technical management by Starbulk S.A.

Vessel Owning Company	Vessel Name	DWT	Effective Date of Management Agreement	Year Built
Global Cape Shipping LLC (10)	Kymopolia	176,990	January 30, 2014	2006
OOCAPE1 Holdings LLC (10)	Obelix	181,433	October 19, 2012	2011
Pacific Cape Shipping LLC (10)	Pantagruel	180,181	October 24, 2013	2004
Sea Cape Shipping LLC (10)	Big Bang	174,109	August 30, 2013	2007
Sky Cape Shipping LLC (10)	Big Fish	177,643	October 18, 2013	2004
Majestic Shipping LLC (10)	Madredeus	98,681	February 4, 2014	2011
Nautical Shipping LLC (10)	Amami	98,681	February 4, 2014	2011
Grain Shipping LLC (10)	Pendulum	82,619	February 17, 2014	2006
Mineral Shipping LLC (10)	Mercurial Virgo	81,545	February 17, 2014	2013
Adore Shipping Corp.	Renascentia(11)	74,732	June 20, 2013	1999
Hamon Shipping Inc	Marto (12)	74,470	August 2, 2013	2001
Glory Supra Shipping LLC (10)	Strange Attractor	55,742	September 24, 2013	2006
Premier Voyage LLC (10)	Maiden Voyage	58,722	September 28, 2012	2012
Serenity Maritime Inc.	Serenity I	53,688	June 11, 2011	2006

(10)      These companies were subsidiaries of Oceanbulk and related parties to the Company (please refer to Note 3), which became wholly owned subsidiaries following the completion of the Merger on July 11, 2014, when the respective management agreements were terminated.

(11)       On June 20, 2014, this vessel was sold and the management agreement between Starbulk S.A. and the previous owners was terminated. The Company received management fees for a period of two months following the termination date, in accordance with the terms of the management agreement.

(12)       On July 3, 2014, the Company received a notice of termination of the management agreement for this vessel. The management agreement was terminated upon the vessel's delivery to its new managers, on August 20, 2014.  The Company received management fees for a period of three months following the termination date, in accordance with the terms of the management agreement.

Schedule of Sale Leaseback Transactions

Vessel Name	Type	DWT	Year Built
Astakos	Supramax	58,722	2012
	Total dwt:	58,722

Charter Revenue Percentage

Charterer		2013		2014		2015
A		13%		12%		4%
B		34%		12%		3%

X

- Definition

Tabular disclosure of the entity's newbuildings.

+ References

No definition available.

+ Details

Name:	sblk_ListNewbuildingsTableTextBlock
Namespace Prefix:	sblk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the entity's non-vessel owning subsidiaries.

+ References

No definition available.

+ Details

Name:	sblk_ListNonVesselOwningSubsidiaries
Namespace Prefix:	sblk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the entity's subsidiaries.

+ References

No definition available.

+ Details

Name:	sblk_ListOfSubsidiariesTableTextBlock
Namespace Prefix:	sblk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of vessels under commercial and technical management.

+ References

No definition available.

+ Details

Name:	sblk_ListVesselsUnderCommercialTechnicalManagementTableTextBlock
Namespace Prefix:	sblk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the results of operations for companies acquired, since the acquisition date.

+ References

No definition available.

+ Details

Name:	sblk_ResultsOfOperationsForCompaniesAcquiredTableTextBlock
Namespace Prefix:	sblk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination.

+ References

No definition available.

+ Details

Name:	sblk_SchedulePurchasePriceAllocation1TableTextBlock
Namespace Prefix:	sblk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of leases entered into in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller was accounted for as an operating or capital lease. If the sale of the asset(s) did not meet the requirements to be accounted for as a sale whether the transaction was accounted for using the deposit method or as a financing. Disclosure may also include a description of the terms of the sale-leaseback transaction, including future commitments, obligations, provisions, or circumstances that require or result in the seller-lessee's continuing involvement. For leasing transactions involving "Special Purpose Entities"', disclosure may include a general description of the significant terms of the leasing arrangement including renewal or purchase options, escalation clauses, obligations with respect to refinancing of the lessor's debt, significant penalties and the provisions of any significant guarantees, such as residual value guarantees.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6456341&loc=d3e50796-112755

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 40
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6456377&loc=d3e50824-112756

+ Details

Name:	us-gaap_ScheduleOfSaleLeasebackTransactionsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration