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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%