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Basis of Presentation and General Information
 12 Months Ended
Dec. 31, 2017
Basis of Presentation and General Information [Abstract]  
Basis of Presentation and General Information:
1.      Basis of Presentation and General Information:
The accompanying consolidated financial statements as of and for the years ended December 31, 2015, 2016 and 2017, include the accounts of Star Bulk Carriers Corp. (“Star Bulk”) and its wholly owned subsidiaries as set forth below (collectively, the “Company”).
Star Bulk was incorporated on December 13, 2006 under the laws of the Marshall Islands and maintains executive offices in Athens, Greece.  The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of dry bulk carrier vessels.  Since December 3, 2007, Star Bulk shares trade on the NASDAQ Global Select Market under the ticker symbol SBLK.
In 2014, through a series of transactions, the Company acquired the 49 vessels and 26 newbuilding contracts, which were previously owned by Oceanbulk Shipping LLC, Oceanbulk Carriers LLC, Excel Maritime Carriers Ltd. and other entities.
Effective June 20, 2016, the Company effected a 5-for-1 reverse split of its issued and outstanding common shares (the “June 2016 Reverse Split”) (Note 9).  All share and per share amounts disclosed in the accompanying financial statements give effect to this reverse stock split retroactively, for all periods presented.
In October, 2017, the Company proceeded with the formation of a fully owned subsidiary, Star Logistics Management S.A. (or “Star Logistics”), based in Geneva, Switzerland. Star Logistics focuses on servicing the end user by connecting origination and destination of dry bulk commodities.
 
Below is the list of the Company's wholly owned subsidiaries as of December 31, 2017:
 
 
 
 
Subsidiaries owning vessels in operation at December 31, 2017:
 
 
 
 
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
Domus Shipping LLC
Star Ariadne (1)
207,812
March 28, 2017
2017
6
Star Breezer LLC
Star Virgo (1)
207,810
March 1, 2017
2017
7
Star Seeker LLC
Star Libra (1)
207,765
June 6, 2016
2016
8
Clearwater Shipping LLC
Star Marisa  (1)
207,709
March 11 2016
2016
9
Cape Ocean Maritime LLC
Leviathan
182,511
September 19, 2014
2014
10
Cape Horizon Shipping LLC
Peloreus
182,496
July 22, 2014
2014
11
Sandra Shipco LLC
Star Pauline
180,274
December 29, 2014
2008
12
Christine Shipco LLC
Star Martha
180,274
October 31, 2014
2010
13
Pacific Cape Shipping LLC
Pantagruel
180,181
July 11, 2014
2004
14
Star Borealis LLC
Star Borealis
179,678
September 9, 2011
2011
15
Star Polaris LLC
Star Polaris
179,600
November 14, 2011
2011
16
Star Trident V LLC
Star Angie
177,931
October 29, 2014
2007
17
Sky Cape Shipping LLC
Big Fish
177,662
July 11, 2014
2004
18
Global Cape Shipping LLC
Kymopolia
176,990
July 11, 2014
2006
19
Star Trident XXV Ltd.
Star Triumph
176,343
December 8, 2017
2004
20
Sea Cape Shipping LLC
Big Bang
174,109
July 11, 2014
2007
21
Star Aurora LLC
Star Aurora
171,199
September 8, 2010
2000
22
Nautical Shipping LLC
Amami
98,681
July 11, 2014
2011
23
Majestic Shipping LLC
Madredeus
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
82,981
December 5, 2014
2006
27
Star Alta II LLC
Star Gwyneth
82,790
December 5, 2014
2006
28
Star Trident I LLC
Star Kamila
82,769
September 3, 2014
2005
29
Grain Shipping LLC
Pendulum
82,619
July 11, 2014
2006
30
Star Trident XIX LLC
Star Maria
82,598
November 5, 2014
2007
 
 
(1)      Vessels subject to a capital bareboat lease (Note 5)
 
 
 
 
Date
 
 
Wholly Owned Subsidiaries
Vessel Name
DWT
Delivered to Star Bulk
Year Built
31
Star Trident XII LLC
Star Markella
82,594
September 29, 2014
2007
32
Star Trident IX LLC
Star Danai
82,574
October 21, 2014
2006
33
Star Trident XI LLC
Star Georgia
82,298
October 14, 2014
2006
34
Star Trident VIII LLC
Star Sophia
82,269
October 31, 2014
2007
35
Star Trident XVI LLC
Star Mariella
82,266
September 19, 2014
2006
36
Star Trident XIV LLC
Star Moira
82,257
November 19, 2014
2006
37
Star Trident XVIII LLC
Star Nina
82,224
January 5, 2015
2006
38
Star Trident X LLC
Star Renee
82,221
December 18, 2014
2006
39
Star Trident II LLC
Star Nasia  
82,220
August 29, 2014
2006
40
Star Trident XIII LLC
Star Laura
82,209
December 8, 2014
2006
41
Star Trident XV LLC
Star Jennifer
82,209
April 15, 2015
2006
42
Star Trident XVII LLC
Star Helena
82,187
December 29, 2014
2006
43
Star Gaia LLC
Star Charis
81,711
March 22, 2017
2013
44
Star Elpis LLC
Star Suzanna
81,711
May 15, 2017
2013
45
Mineral Shipping LLC
Mercurial Virgo
81,545
July 11, 2014
2013
46
Star Trident III LLC
Star Iris
76,466
September 8, 2014
2004
47
Star Trident XX LLC
Star Emily
76,417
September 16, 2014
2004
48
Orion Maritime LLC
Idee Fixe (1)
63,458
March 25, 2015
2015
49
Spring Shipping LLC
Roberta (1)
63,426
March 31, 2015
2015
50
Success Maritime LLC
Laura (1)
63,399
April 7, 2015
2015
51
Ultra Shipping LLC
Kaley (1)
63,283
June 26, 2015
2015
52
Blooming Navigation LLC
Kennadi
63,262
January 8, 2016
2016
53
Jasmine Shipping LLC
Mackenzie
63,226
March 2, 2016
2016
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
Star Axe II LLC
Star Lutas
61,347
January 6, 2016
2016
57
Aurelia Shipping LLC
Honey Badger
61,320
February 27, 2015
2015
58
Rainbow Maritime LLC
Wolverine
61,292
February 27, 2015
2015
59
Star Axe I LLC
Star Antares
61,258
October 9, 2015
2015
60
Star Asia I LLC
Star Aquarius
60,916
July 22, 2015
2015
61
Star Asia II LLC
Star Pisces
60,916
August 7, 2015
2015
62
Star Trident VII LLC
Diva
56,582
July 24, 2017
2011
63
Glory Supra Shipping LLC
Strange Attractor
55,742
July 11, 2014
2006
64
Star Omicron LLC
Star Omicron
53,489
April 17, 2008
2005
65
Star Gamma LLC
Star Gamma
53,098
January 4, 2008
2002
66
Star Zeta LLC
Star Zeta
52,994
January 2, 2008
2003
67
Star Delta LLC
Star Delta
52,434
January 2, 2008
2000
68
Star Theta LLC
Star Theta
52,425
December 6, 2007
2003
69
Star Epsilon LLC
Star Epsilon
52,402
December 3, 2007
2001
70
Star Cosmo LLC
Star Cosmo
52,247
July 1, 2008
2005
71
Star Kappa LLC
Star Kappa
52,055
December 14, 2007
2001
 
 
Total dwt
7,585,704
 
 
 
 
Subsidiaries owning newbuildings at December 31, 2017:
 
 
Wholly Owned Subsidiaries
Newbuildings Name
Type
DWT
Expected Delivery
 
Date
1
Star Castle I LLC
HN 1342 (tbn Star Eleni) (2)
Newcastlemax
208,000
Ιαν-18
2
Festive Shipping LLC
HN 1361 (tbn Star Magnanimus) (1)
Newcastlemax
208,000
Απρ-18
3
Star Castle II LLC
HN 1343 (tbn Star Leo)
Newcastlemax
208,000
Απρ-18
 
 
Total dwt
 
624,000
 
 
(1)      Vessels subject to a bareboat capital lease (Note 5).
  1. Star Eleni was delivered to the Company on January 3, 2018 (Note 19) and is subject to a bareboat capital lease (Note 6).
 
Non-vessel owning subsidiaries at December 31, 2017:
 
Wholly Owned Subsidiaries
 
 
1
Star Bulk Management Inc.
25
Star Uranus LLC
2
Starbulk S.A.
26
Star Logistics Management S.A.
3
Star Bulk Manning LLC
27
Gravity Shipping LLC
4
Star Bulk Shipmanagement Company (Cyprus) Limited
28
White Sand Shipping LLC
5
Optima Shipping Limited
29
Premier Voyage LLC
6
Star Omas LLC
30
L.A. Cape Shipping LLC
7
Star Synergy LLC
31
Cape Confidence Shipping LLC
8
Oceanbulk Shipping LLC
32
Cape Runner Shipping LLC
9
Oceanbulk Carriers LLC
33
Olympia Shiptrade LLC
10
International Holdings LLC
34
Victory Shipping LLC
11
Star Ventures LLC
35
Star Cape I LLC
12
Star Logistics LLC (ex Dry Ventures LLC)
36
Star Cape II LLC
13
Unity Holding LLC
37
Positive Shipping Company
14
Star Bulk (USA) LLC
38
OOCape1 Holdings LLC
15
Star Trident XXI LLC
39
Oday Marine LLC
16
Star Trident XXIV LLC
40
Searay Maritime LLC
17
Star Trident XXVII LLC
41
Lowlands Beilun Shipco LLC
18
Star Trident XXXI LLC
42
Star Trident VI LLC
19
Star Trident XXIX LLC
43
KMSRX Holdings LLC
20
Star Trident XXVIII LLC
44
Dioriga Shipping Co.
21
Star Trident XXVI LLC
45
Star Trident XXX LLC
22
Star Trident XXII LLC
46
Star Trident IV LLC
23
Star Trident XXIII LLC
47
Pacific Ventures Holdings LLC
24
Star Alpha LLC
48
Star Mare LLC
 
 
No charterer accounted for more than 10% of the Company's voyage revenue in 2015. Charterers who individually accounted for more than 10% of the Company's voyage revenues during the years ended December 31, 2016 and 2017 are as follows:
Charterer
2015
2016
2017
A      
6%
13%
14%
 
The outstanding accounts receivable balance as at December 31, 2017 of these charterers was $1,969.