XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Fair Value Measurements and Hedging (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Fair Value Disclosures [Abstract] |
Fair Value Measurements and Hedging - Schedule of Derivative Instrument | Fair Value Measurements and Hedging - Schedule of Derivative Instrument
Counterparty | Trading Date | Inception | Expiry | Fixed Rate | Initial Notional | Current Notional
ING | March 10, 2020 | March 29, 2020 | March 29, 2026 | 0.7000% | $ 29,960 | $ 26,215
ING | March 10, 2020 | April 2, 2020 | October 2, 2025 | 0.7000% | $ 39,375 | $ 33,750
ING | March 18, 2020 | April 3, 2020 | April 3, 2023 | 0.6750% | $ 16,157 | $ 14,293
SEB | March 6, 2020 | April 30, 2020 | January 30, 2025 | 0.7270% | $ 58,885 | $ 51,072
Citi | June 11, 2020 | July 30, 2020 | October 18, 2023 | 0.3300% | $ 104,450 | $ 86,200
Citi | June 11, 2020 | August 10, 2020 | May 10, 2024 | 0.3510% | $ 56,075 | $ 49,587
Citi | June 11, 2020 | June 22, 2020 | December 20, 2023 | 0.3380% | $  94,538 | $ 74,557
Citi | June 11, 2020 | June 29, 2020 | August 28, 2023 | 0.3280% | $ 56,915 | $ 44,075
Citi | June 11, 2020 | July 21, 2020 | July 21, 2023 | 0.3250% | $ 99,816 | $ 88,725
Citi | June 11, 2020 | August 28, 2020 | May 28, 2024 | 0.3520% | $ 31,350 | $ 27,700
Citi | June 11, 2020 | September 1, 2020 | March 1, 2024 | 0.3430% | $ 33,390 | $ 30,298
ING July 20 | July 8, 2020 | July 6, 2020 | July 6, 2026 | 0.3700% | $ 70,000 | $ 55,417
SEB | February 12, 2021 | April 26, 2021 | January 26, 2026 | 0.4525% | $ 37,050 | $ 33,150
ABN | February 24, 2021 | March 20, 2021 | December 20, 2023 | 0.3120% | $ 84,548 | $ 74,557
NBG | June 29, 2021 | June 28, 2021 | June 28, 2023 | 0.6500% | $ 125,000 | $ 117,500
Fair Value Measurements and Hedging - Derivative instruments effect on statement of operations (Table) | Fair Value Measurements and Hedging - Derivative instruments effect on statement of operations (Table)
|  | Years ended December 31,
|  | 2019 |  | 2020 |  | 2021
Consolidated Statement of Operations |  |  |  |  |  |
Interest and finance costs |  |  |  |  |  |
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 7) |  | – |  | (848) |  | (2,351)
Total Gain/(loss) recognized | $ | – | $ | (848) | $ | (2,351)
Gain/(loss) on forward freight agreements and bunker swaps, net |  |  |  |  |  |
Realized gain/(loss) on forward freight agreements and freight options |  | 6,043 |  | (5,995) |  | 1,308
Realized gain/(loss) on bunker swaps |  | (1,386) |  | 20,856 |  | 748
Unrealized gain/(loss) on forward freight agreements and freight options |  | (321) |  | (430) |  | 1,802
Unrealized gain/(loss) on bunker swaps |  | 75 |  | 1,725 |  | (294)
Total Gain/(loss) recognized | $ | 4,411 | $ | 16,156 | $ | 3,564
Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table) | Fair Value Measurements and Hedging - Fair value on a recurring basis - Quoted Prices in Active Markets (Table)
|  | Quoted Prices in Active Markets for Identical Assets (Level 1)
|  | December 31, 2020 | December 31, 2021
| Balance Sheet Location | (not designated as cash flow hedges) | (designated as cash flow hedges) | (not designated as cash flow hedges) | (designated as cash flow hedges)
ASSETS |  |  |  |  |
Bunker swaps - current | Derivatives, current asset portion | $ | - | - | $ | 7 | -
Freight derivatives - current | Derivatives, current asset portion | $ | - | - | $ | 1,440 | -
Freight derivatives - non-current | Derivatives, non-current asset portion | $ | - | - | $ | 150 | -
Total |  | $ | - | - | $ | 1,597 | -
LIABILITIES |  |  |  |  |
Bunker swaps - current | Derivatives, current liability portion | $ | - | - | $ | 300 | -
Freight derivatives - current | Derivatives, current liability portion | $ | 212 | - | $ | - | -
Total |  | $ | 212 | - | $ | 300 | -
Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table) | Fair Value Measurements and Hedging - Fair value on a recurring basis - Significant Other Observable Inputs (Table)
|  | Significant Other Observable Inputs (Level 2)
|  | December 31, 2020 | December 31, 2021
| Balance Sheet Location | (not designated as cash flow hedges) | (designated as cash flow hedges) | (not designated as cash flow hedges) | (designated as cash flow hedges)
ASSETS |  |  |  |  |
Interest rate swaps - current | Derivatives, current asset portion | $ - | – | $ - | 549
Interest rate swaps - non-current | Derivatives, non-current asset portion | $ - | – | $ - | 6,763
Total |  | $ - | – | $ - | 7,312
LIABILITIES |  |  |  |  |
Interest rate swaps - current | Derivatives, current liability portion | $ - | 1,727 | $ - | 443
Interest rate swaps - non-current | Derivatives, non-current liability portion | $ - | 2,265 | $ - | –
Total |  | $ - | 3,992 | $ - | 443
Fair Value Measurements and Hedging - Fair value measurements on a nonrecurring basis (Table) | Fair Value Measurements and Hedging - Fair value measurements on a nonrecurring basis (Table)
Long-lived assets held and used | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Impairment loss
(Level 1) | (Level 2) | (Level 3)
Vessels, net | $ - | $ | 24,475 | $ - | $ | 3,411
TOTAL | $ - | $ | 24,475 | $ - | $ | 3,411

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References No definition available. + Details
Name: | sblk_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextIBlock
Namespace Prefix: | sblk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration