XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Basis of Presentation and General Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
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 (10,397,699 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 |
|  | 2014
Pro forma revenues | $ | 177,654
Pro forma operating loss | $ | (10,296)
Pro forma net loss | $ | (24,075)
Pro forma loss per share, basic and diluted | $ | (0.27)
List of Subsidiaries |
|  |  |  | Date |
| Wholly Owned Subsidiaries | Vessel Name | DWT | Delivered to Star Bulk | Year Built
1 | Star Ennea LLC | Star Poseidon | 209,475 | February 26, 2016 | 2016
2 | Sea Diamond LLC | Goliath | 209,537 | July 15, 2015 | 2015
3 | Pearl Shiptrade LLC | Gargantua | 209,529 | April 2, 2015 | 2015
4 | Coral Cape Shipping LLC | Maharaj | 209,472 | July 15, 2015 | 2015
5 | Star Seeker LLC | Star Libra (1) | 207,765 | June 6, 2016 | 2016
6 | Clearwater Shipping LLC | Star Marisa (1) | 207,709 | March 11 2016 | 2016
7 | Cape Ocean Maritime LLC | Leviathan | 182,511 | September 19, 2014 | 2014
8 | Cape Horizon Shipping LLC | Peloreus | 182,496 | July 22, 2014 | 2014
9 | Sandra Shipco LLC | Star Pauline | 180,274 | December 29, 2014 | 2008
10 | Christine Shipco LLC | Star Martha | 180,274 | October 31, 2014 | 2010
11 | Pacific Cape Shipping LLC | Pantagruel | 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 | 177,931 | October 29, 2014 | 2007
15 | Sky Cape Shipping LLC | Big Fish | 177,662 | July 11, 2014 | 2004
16 | Global Cape Shipping LLC | Kymopolia | 176,990 | July 11, 2014 | 2006
17 | Sea Cape Shipping LLC | Big Bang | 174,109 | July 11, 2014 | 2007
18 | Star Aurora LLC | Star Aurora | 171,199 | September 8, 2010 | 2000
19 | Star Trident VII LLC | Star Eleonora (Note 19) | 164,218 | December 3, 2014 | 2001
20 | Nautical Shipping LLC | Amami | 98,681 | July 11, 2014 | 2011
21 | Majestic Shipping LLC | Madredeus | 98,681 | July 11, 2014 | 2011
22 | Star Sirius LLC | Star Sirius | 98,681 | March 7, 2014 | 2011
23 | Star Vega LLC | Star Vega | 98,681 | February 13, 2014 | 2011
24 | Star Alta I LLC | Star Angelina | 82,981 | December 5, 2014 | 2006
25 | Star Alta II LLC | Star Gwyneth | 82,790 | December 5, 2014 | 2006
26 | Star Trident I LLC | Star Kamila | 82,769 | September 3, 2014 | 2005
27 | Grain Shipping LLC | Pendulum | 82,619 | July 11, 2014 | 2006
28 | Star Trident XIX LLC | Star Maria | 82,598 | November 5, 2014 | 2007
29 | Star Trident XII LLC | Star Markella | 82,594 | September 29, 2014 | 2007
30 | Star Trident IX LLC | Star Danai | 82,574 | October 21, 2014 | 2006
31 | Star Trident XI LLC | Star Georgia | 82,298 | October 14, 2014 | 2006
32 | Star Trident VIII LLC | Star Sophia | 82,269 | October 31, 2014 | 2007
33 | Star Trident XVI LLC | Star Mariella | 82,266 | September 19, 2014 | 2006
34 | Star Trident XIV LLC | Star Moira | 82,257 | November 19, 2014 | 2006
35 | Star Trident XVIII LLC | Star Nina | 82,224 | January 5, 2015 | 2006
36 | Star Trident X LLC | Star Renee | 82,221 | December 18, 2014 | 2006
37 | Star Trident II LLC | Star Nasia | 82,220 | August 29, 2014 | 2006
38 | Star Trident XIII LLC | Star Laura | 82,209 | December 8, 2014 | 2006
39 | Star Trident XV LLC | Star Jennifer | 82,209 | April 15, 2015 | 2006
40 | Star Trident XVII LLC | Star Helena | 82,187 | December 29, 2014 | 2006
41 | Mineral Shipping LLC | Mercurial Virgo | 81,545 | July 11, 2014 | 2013
42 | Star Trident III LLC | Star Iris | 76,466 | September 8, 2014 | 2004
43 | Star Trident XX LLC | Star Emily | 76,417 | September 16, 2014 | 2004
44 | Star Trident XXV Ltd. | Star Vanessa | 72,493 | November 7, 2014 | 1999
45 | Orion Maritime LLC | Idee Fixe (1) | 63,458 | March 25, 2015 | 2015
46 | Spring Shipping LLC | Roberta (1) | 63,426 | March 31, 2015 | 2015
47 | Success Maritime LLC | Laura (1) | 63,399 | April 7, 2015 | 2015
48 | Ultra Shipping LLC | Kaley (1) | 63,283 | June 26, 2015 | 2015
49 | Blooming Navigation LLC | Kennadi | 63,262 | January 8, 2016 | 2016
50 | Jasmine Shipping LLC | Mackenzie | 63,226 | March 2, 2016 | 2016
51 | Star Challenger I LLC | Star Challenger | 61,462 | December 12, 2013 | 2012
52 | Star Challenger II LLC | Star Fighter | 61,455 | December 30, 2013 | 2013
53 | Star Axe II LLC | Star Lutas | 61,347 | January 6, 2016 | 2016
54 | Aurelia Shipping LLC | Honey Badger | 61,320 | February 27, 2015 | 2015
55 | Rainbow Maritime LLC | Wolverine | 61,292 | February 27, 2015 | 2015
56 | Star Axe I LLC | Star Antares | 61,258 | October 9, 2015 | 2015
57 | Star Asia I LLC | Star Aquarius | 60,916 | July 22, 2015 | 2015
58 | Star Asia II LLC | Star Pisces | 60,916 | August 7, 2015 | 2015
59 | Glory Supra Shipping LLC | Strange Attractor | 55,742 | July 11, 2014 | 2006
60 | Star Omicron LLC | Star Omicron | 53,489 | April 17, 2008 | 2005
61 | Star Gamma LLC | Star Gamma | 53,098 | January 4, 2008 | 2002
62 | Star Zeta LLC | Star Zeta | 52,994 | January 2, 2008 | 2003
63 | Star Delta LLC | Star Delta | 52,434 | January 2, 2008 | 2000
64 | Star Theta LLC | Star Theta | 52,425 | December 6, 2007 | 2003
65 | Star Epsilon LLC | Star Epsilon | 52,402 | December 3, 2007 | 2001
66 | Star Cosmo LLC | Star Cosmo | 52,247 | July 1, 2008 | 2005
67 | Star Kappa LLC | Star Kappa | 52,055 | December 14, 2007 | 2001
|  | Total dwt | 7,010,446 |  |
(1) Vessels subject to a capital bareboat lease (Note 5)
List of Newbuildings |
| Wholly Owned Subsidiaries | Newbuildings Name | Type | DWT | Expected Delivery
| Date
1 | Star Breezer LLC | HN 1371 (tbn Star Virgo) (1) (Note 19) | Newcastlemax | 208,000 | Mar-17
2 | Domus Shipping LLC | HN 1360 (tbn Star Ariadne) (1) | Newcastlemax | 208,000 | Mar-17
3 | Star Castle I LLC | HN 1342 (tbn Star Gemini) | Newcastlemax | 208,000 | Jul-17
4 | Festive Shipping LLC | HN 1361 (tbn Star Magnanimus) (1) | Newcastlemax | 208,000 | Jan-18
5 | Star Castle II LLC | HN 1343 (tbn Star Leo) | Newcastlemax | 208,000 | Jan-18
|  | Total dwt |  | 1,040,000 |
(1) Vessels subject to a bareboat capital lease (Note 5)
List of Non-vessel owning subsidiaries |
| Wholly Owned Subsidiaries |  |
1 | Star Bulk Management Inc. | 25 | Star Beta LLC
2 | Starbulk S.A. | 26 | Star Mega LLC
3 | Star Bulk Manning LLC | 27 | Star Big LLC
4 | Star Bulk Shipmanagement Company (Cyprus) Limited | 28 | Gravity Shipping LLC
5 | Optima Shipping Limited | 29 | White Sand Shipping LLC
6 | Star Omas LLC | 30 | Premier Voyage LLC
7 | Star Synergy LLC | 31 | L.A. Cape Shipping LLC
8 | Oceanbulk Shipping LLC | 32 | Cape Confidence Shipping LLC
9 | Oceanbulk Carriers LLC | 33 | Cape Runner Shipping LLC
10 | International Holdings LLC | 34 | Olympia Shiptrade LLC
11 | Star Ventures LLC | 35 | Victory Shipping LLC
12 | Dry Ventures LLC | 36 | Star Cape I LLC
13 | Unity Holding LLC | 37 | Star Cape II LLC
14 | Star Bulk (USA) LLC | 38 | Positive Shipping Company
15 | Star Trident XXI LLC | 39 | OOCape1 Holdings LLC
16 | Star Trident XXIV LLC | 40 | Oday Marine LLC
17 | Star Trident XXVII LLC | 41 | Searay Maritime LLC
18 | Star Trident XXXI LLC | 42 | Lowlands Beilun Shipco LLC
19 | Star Trident XXIX LLC | 43 | Star Trident VI LLC
20 | Star Trident XXVIII LLC | 44 | KMSRX Holdings LLC
21 | Star Trident XXVI LLC | 45 | Dioriga Shipping Co.
22 | Star Trident XXII LLC | 46 | Star Trident XXX LLC
23 | Star Trident XXIII LLC | 47 | Star Trident IV LLC
24 | Star Alpha LLC | 48 | Pacific Ventures Holdings LLC
List of vessels under commercial and technical management by Starbulk S.A. |
Vessel Owning Company | Vessel Name | DWT | Effective Date | Year Built
of Management
Agreement
Global Cape Shipping LLC (2) | Kymopolia | 176,990 | January 30, 2014 | 2006
OOCAPE1 Holdings LLC (2) | Obelix | 181,433 | October 19, 2012 | 2011
Pacific Cape Shipping LLC (2) | Pantagruel | 180,181 | October 24, 2013 | 2004
Sea Cape Shipping LLC (2) | Big Bang | 174,109 | August 30, 2013 | 2007
Sky Cape Shipping LLC (2) | Big Fish | 177,662 | October 18, 2013 | 2004
Majestic Shipping LLC (2) | Madredeus | 98,681 | February 4, 2014 | 2011
Nautical Shipping LLC (2) | Amami | 98,681 | February 4, 2014 | 2011
Grain Shipping LLC (2) | Pendulum | 82,619 | February 17, 2014 | 2006
Mineral Shipping LLC (2) | Mercurial Virgo | 81,545 | February 17, 2014 | 2013
Adore Shipping Corp. | Renascentia(3) | 74,732 | June 20, 2013 | 1999
Hamon Shipping Inc | Marto (4) | 74,470 | August 2, 2013 | 2001
Glory Supra Shipping LLC (2) | Strange Attractor | 55,742 | September 24, 2013 | 2006
Premier Voyage LLC (2) | Maiden Voyage | 58,722 | September 28, 2012 | 2012
Serenity Maritime Inc. | Serenity I | 53,688 | June 11, 2011 | 2006
(1) 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, when the respective management agreements were terminated. (2) 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. (3) 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 |  | 2014 |  | 2015 |  | 2016
A |  | 0% |  | 6% |  | 13%
B |  | 12% |  | 4% |  | 3%
C |  | 12% |  | 3% |  | 2%

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=65885119&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