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Basis of Presentation and General Information | 12 Months Ended
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Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Basis of Presentation and General Information | 1. Basis of Presentation and General Information: The consolidated financial statements as of December 31, 2020 and 2021 and for the years ended December 31, 2019, 2020 and 2021, 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 offices in Athens, Oslo, New York, Limassol, and Singapore. 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”. On March 11, 2020, the World Health Organization declared the 2019 Novel Coronavirus (the “Covid-19”) outbreak a pandemic. In response to the outbreak, many countries, ports and organizations, including those where the Company conducts a large part of its operations, have implemented measures to combat the outbreak, such as quarantines and travel restrictions. These measures have resulted in a significant reduction in global economic activity and extreme volatility in the global financial markets. There continues to be a high level of uncertainty relating to how the pandemic will evolve, including the new Omicron variant of COVID-19, which appears to be the most transmissible variant to date, the availability of vaccines and their global deployment, the development of effective treatments, the imposition of effective public safety and other protective measures and the public's and government's responses to such measures. At present, it is not possible to ascertain any future impact of Covid-19 on the Company’s operational and financial performance, which may take some time to materialize and may not be fully reflected in the Company’s results for 2020 and 2021. The recent reopening of the global economy and consequent increased demand across all key dry bulk commodities has positively affected the Company’s revenues. On the other hand, as a result of COVID-19 restrictions imposed since 2020, additional crew expenses were incurred. However, an increase in the severity or duration or a resurgence of the Covid-19 pandemic and the continued distribution and effectiveness of vaccines could have a material adverse effect on the Company’s business, results of operations, cash flows, financial condition, the carrying value of the Company’s assets, the fair values of the Company’s vessels, and the Company’s ability to pay dividends. As of December 31, 2021, the Company owned a modern fleet of 128 dry bulk vessels consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with a carrying capacity between 52,425 deadweight tonnage (“dwt”) and 209,529 dwt, and a combined carrying capacity of 14.1 million dwt. In addition, through certain of its subsidiaries, the Company charters-in a number of third-party vessels to increase its operating capacity in order to satisfy its clients’ needs. 1. Basis of Presentation and General Information - continued: Below is the list of the Company’s wholly owned subsidiaries as of December 31, 2021: Subsidiaries owning vessels in operation at December 31, 2021: Basis of Presentation and General information - List of subsidiaries (Table)
|  |  |  | Date |
| Wholly Owned Subsidiaries | Vessel Name | DWT | Delivered to Star Bulk | Year Built
1 | Pearl Shiptrade LLC | Gargantua (1) | 209,529 | April 2, 2015 | 2015
2 | Star Ennea LLC | Star Gina 2GR | 209,475 | February 26, 2016 | 2016
3 | Coral Cape Shipping LLC | Maharaj (1) | 209,472 | July 15, 2015 | 2015
4 | Sea Diamond Shipping LLC | Goliath (1) | 207,999 | July 15, 2015 | 2015
5 | Star Castle II LLC | Star Leo | 207,939 | May 14, 2018 | 2018
6 | ABY Eleven Ltd | Star Laetitia | 207,896 | August 3, 2018 | 2017
7 | Domus Shipping LLC | Star Ariadne | 207,774 | March 28, 2017 | 2017
8 | Star Breezer LLC | Star Virgo | 207,774 | March 1, 2017 | 2017
9 | Star Seeker LLC | Star Libra (1) | 207,727 | June 6, 2016 | 2016
10 | ABY Nine Ltd | Star Sienna | 207,721 | August 3, 2018 | 2017
11 | Clearwater Shipping LLC | Star Marisa | 207,671 | March 11 2016 | 2016
12 | ABY Ten Ltd | Star Karlie | 207,566 | August 3, 2018 | 2016
13 | Star Castle I LLC | Star Eleni | 207,517 | January 3, 2018 | 2018
14 | Festive Shipping LLC | Star Magnanimus | 207,490 | March 26, 2018 | 2018
15 | New Era II Shipping LLC | Debbie H | 206,823 | May 28, 2019 | 2019
16 | New Era III Shipping LLC | Star Ayesha | 206,814 | July 15, 2019 | 2019
17 | New Era I Shipping LLC | Katie K | 206,803 | April 16, 2019 | 2019
18 | Cape Ocean Maritime LLC | Leviathan | 182,466 | September 19, 2014 | 2014
19 | Cape Horizon Shipping LLC | Peloreus | 182,451 | July 22, 2014 | 2014
20 | Star Nor I LLC | Star Claudine | 181,258 | July 6, 2018 | 2011
21 | Star Nor II LLC | Star Ophelia | 180,716 | July 6, 2018 | 2010
22 | Sandra Shipco LLC | Star Pauline | 180,233 | December 29, 2014 | 2008
23 | Christine Shipco LLC | Star Martha | 180,231 | October 31, 2014 | 2010
24 | Pacific Cape Shipping LLC | Pantagruel | 180,140 | July 11, 2014 | 2004
25 | Star Borealis LLC | Star Borealis | 179,601 | September 9, 2011 | 2011
26 | Star Polaris LLC | Star Polaris | 179,648 | November 14, 2011 | 2011
27 | Star Nor III LLC | Star Lyra | 179,147 | July 6, 2018 | 2009
28 | Star Regg VI LLC | Star Bueno | 178,978 | January 26, 2021 | 2010
29 | Star Regg V LLC | Star Borneo | 178,978 | January 26, 2021 | 2010
30 | Star Regg IV LLC | Star Marilena | 178,977 | January 26, 2021 | 2010
31 | Star Regg I LLC | Star Marianne | 178,841 | January 14, 2019 | 2010
32 | Star Regg II LLC | Star Janni | 177,939 | January 7, 2019 | 2010
33 | Star Trident V LLC | Star Angie | 177,931 | October 29, 2014 | 2007
34 | Sky Cape Shipping LLC | Big Fish | 177,620 | July 11, 2014 | 2004
35 | Global Cape Shipping LLC | Kymopolia | 176,948 | July 11, 2014 | 2006
36 | Star Trident XXV Ltd. | Star Triumph | 176,274 | December 8, 2017 | 2004
37 | ABY Fourteen Ltd | Star Scarlett | 175,800 | August 3, 2018 | 2014
38 | ABY Fifteen Ltd | Star Audrey | 175,125 | August 3, 2018 | 2011
39 | Sea Cape Shipping LLC | Big Bang | 174,109 | July 11, 2014 | 2007
40 | ABY I LLC | Star Paola | 115,259 | August 3, 2018 | 2011
1. Basis of Presentation and General Information - (continued): Subsidiaries owning vessels in operation at December 31, 2021:
|  |  |  | Date |
| Wholly Owned Subsidiaries | Vessel Name | DWT | Delivered to Star Bulk | Year Built
41 | ABM One Ltd | Star Eva | 106,659 | August 3, 2018 | 2012
42 | Star Vega LLC | Star Vega (1) | 98,648 | February 13, 2014 | 2011
43 | Star Sirius LLC | Star Sirius (1) | 98,648 | March 7, 2014 | 2011
44 | Majestic Shipping LLC | Madredeus | 98,648 | July 11, 2014 | 2011
45 | Nautical Shipping LLC | Amami | 98,648 | July 11, 2014 | 2011
46 | ABY II LLC | Star Aphrodite | 92,006 | August 3, 2018 | 2011
47 | Augustea Bulk Carrier Ltd | Star Piera | 91,952 | August 3, 2018 | 2010
48 | Augustea Bulk Carrier Ltd | Star Despoina | 91,945 | August 3, 2018 | 2010
49 | Star Trident I LLC | Star Kamila | 87,001 | September 3, 2014 | 2005
50 | Star Nor IV LLC | Star Electra | 83,494 | July 6, 2018 | 2011
51 | Star Alta I LLC | Star Angelina | 82,953 | December 5, 2014 | 2006
52 | Star Alta II LLC | Star Gwyneth | 82,703 | December 5, 2014 | 2006
53 | Star Nor VI LLC | Star Luna | 82,687 | July 6, 2018 | 2008
54 | Star Nor V LLC | Star Bianca | 82,672 | July 6, 2018 | 2008
55 | Star Trident XIX LLC | Star Maria | 82,578 | November 5, 2014 | 2007
56 | Grain Shipping LLC | Pendulum | 82,578 | July 11, 2014 | 2006
57 | Star Trident XII LLC | Star Markella | 82,574 | September 29, 2014 | 2007
58 | ABY Seven Ltd | Star Jeanette | 82,567 | August 3, 2018 | 2014
59 | Star Trident IX LLC | Star Danai | 82,554 | October 21, 2014 | 2006
60 | Star Sun I LLC | Star Elizabeth | 82,430 | May 25, 2021 | 2021
61 | Star Sun II LLC | Star Pavlina | 82,361 | June 16, 2021 | 2021
62 | Star Trident XI LLC | Star Georgia | 82,281 | October 14, 2014 | 2006
63 | Star Trident VIII LLC | Star Sophia | 82,252 | October 31, 2014 | 2007
64 | Star Trident XVI LLC | Star Mariella | 82,249 | September 19, 2014 | 2006
65 | Star Trident XIV LLC | Star Moira | 82,220 | November 19, 2014 | 2006
66 | Star Trident X LLC | Star Renee | 82,204 | December 18, 2014 | 2006
67 | Star Trident XV LLC | Star Jennifer | 82,192 | April 15, 2015 | 2006
68 | Star Trident XIII LLC | Star Laura | 82,192 | December 8, 2014 | 2006
69 | Star Nor VIII LLC | Star Mona | 82,188 | July 6, 2018 | 2012
70 | Star Trident II LLC | Star Nasia | 82,183 | August 29, 2014 | 2006
71 | Star Nor VII LLC | Star Astrid | 82,158 | July 6, 2018 | 2012
72 | Star Trident XVII LLC | Star Helena | 82,150 | December 29, 2014 | 2006
73 | Star Trident XVIII LLC | Star Nina | 82,145 | January 5, 2015 | 2006
74 | Waterfront Two Ltd | Star Alessia | 81,944 | August 3, 2018 | 2017
75 | Star Nor IX LLC | Star Calypso | 81,918 | July 6, 2018 | 2014
76 | Star Elpis LLC | Star Suzanna | 81,644 | May 15, 2017 | 2013
77 | Star Gaia LLC | Star Charis | 81,643 | March 22, 2017 | 2013
78 | Mineral Shipping LLC | Mercurial Virgo | 81,502 | July 11, 2014 | 2013
79 | Star Nor X LLC | Stardust | 81,502 | July 6, 2018 | 2011
80 | Star Nor XI LLC | Star Sky | 81,466 | July 6, 2018 | 2010
81 | Star Zeus VI LLC | Star Lambada (1) | 81,272 | March 16, 2021 | 2016
82 | Star Zeus I LLC | Star Capoeira (1) | 81,253 | March 16, 2021 | 2015
83 | Star Zeus II LLC | Star Carioca (1) | 81,199 | March 16, 2021 | 2015
84 | Star Zeus VII LLC | Star Macarena (1) | 81,198 | March 6, 2021 | 2016
85 | ABY III LLC | Star Lydia | 81,187 | August 3, 2018 | 2013
86 | ABY IV LLC | Star Nicole | 81,120 | August 3, 2018 | 2013
87 | ABY Three Ltd | Star Virginia | 81,061 | August 3, 2018 | 2015
88 | Star Nor XII LLC | Star Genesis | 80,705 | July 6, 2018 | 2010
89 | Star Nor XIII LLC | Star Flame | 80,448 | July 6, 2018 | 2011
1. Basis of Presentation and General Information - (continued): Subsidiaries owning vessels in operation at December 31, 2021:
| Wholly Owned Subsidiaries | Vessel Name | DWT | Delivered to Star Bulk | Year Built
90 | Star Trident III LLC | Star Iris | 76,390 | September 8, 2014 | 2004
91 | Star Trident XX LLC | Star Emily | 76,339 | September 16, 2014 | 2004
92 | Orion Maritime LLC | Idee Fixe (1) | 63,437 | March 25, 2015 | 2015
93 | Primavera Shipping LLC | Roberta (1) | 63,404 | March 31, 2015 | 2015
94 | Success Maritime LLC | Laura (1) | 63,377 | April 7, 2015 | 2015
95 | Star Zeus III LLC | Star Athena (1) | 63,371 | May 19, 2021 | 2015
96 | Ultra Shipping LLC | Kaley (1) | 63,261 | June 26, 2015 | 2015
97 | Blooming Navigation LLC | Kennadi (1) | 63,240 | January 8, 2016 | 2016
98 | Jasmine Shipping LLC | Mackenzie (1) | 63,204 | March 2, 2016 | 2016
99 | Star Lida I Shipping LLC | Star Apus (1) | 63,123 | July 16, 2019 | 2014
100 | Star Zeus V LLC | Star Bovarius (1) | 61,571 | March 16, 2021 | 2015
101 | Star Zeus IV LLC | Star Subaru (1) | 61,521 | March 16, 2021 | 2015
102 | Star Nor XV LLC | Star Wave | 61,491 | July 6, 2018 | 2017
103 | Star Challenger I LLC | Star Challenger (1) | 61,462 | December 12, 2013 | 2012
104 | Star Challenger II LLC | Star Fighter (1) | 61,455 | December 30, 2013 | 2013
105 | Aurelia Shipping LLC | Honey Badger (1) | 61,324 | February 27, 2015 | 2015
106 | Star Axe II LLC | Star Lutas (1) | 61,323 | January 6, 2016 | 2016
107 | Rainbow Maritime LLC | Wolverine (1) | 61,268 | February 27, 2015 | 2015
108 | Star Axe I LLC | Star Antares (1) | 61,234 | October 9, 2015 | 2015
109 | ABY Five Ltd | Star Monica | 60,935 | August 3, 2018 | 2015
110 | Star Asia I LLC | Star Aquarius | 60,873 | July 22, 2015 | 2015
111 | Star Asia II LLC | Star Pisces (1) | 60,873 | August 7, 2015 | 2015
112 | Star Nor XIV LLC | Star Glory | 58,680 | July 6, 2018 | 2012
113 | Star Lida XI Shipping LLC | Star Pyxis (1) | 56,615 | August 19, 2019 | 2013
114 | Star Lida VIII Shipping LLC | Star Hydrus (1) | 56,604 | August 8, 2019 | 2013
115 | Star Lida IX Shipping LLC | Star Cleo (1) | 56,582 | July 15, 2019 | 2013
116 | Star Trident VII LLC | Diva (1) | 56,582 | July 24, 2017 | 2011
117 | Star Lida VI Shipping LLC | Star Centaurus | 56,559 | September 18, 2019 | 2012
118 | Star Lida VII Shipping LLC | Star Hercules | 56,545 | July 16, 2019 | 2012
119 | Star Lida X Shipping LLC | Star Pegasus (1) | 56,540 | July 15, 2019 | 2013
120 | Star Lida III Shipping LLC | Star Cepheus (1) | 56,539 | July 16, 2019 | 2012
121 | Star Lida IV Shipping LLC | Star Columba (1) | 56,530 | July 23, 2019 | 2012
122 | Star Lida V Shipping LLC | Star Dorado (1) | 56,507 | July 16, 2019 | 2013
123 | Star Lida II Shipping LLC | Star Aquila | 56,506 | July 15, 2019 | 2012
124 | Star Regg III LLC | Star Bright | 55,783 | October 10, 2018 | 2010
125 | Glory Supra Shipping LLC | Strange Attractor | 55,715 | July 11, 2014 | 2006
126 | Star Omicron LLC | Star Omicron | 53,444 | April 17, 2008 | 2005
127 | Star Zeta LLC | Star Zeta | 52,994 | January 2, 2008 | 2003
128 | Star Theta LLC | Star Theta | 52,425 | December 6, 2007 | 2003
|  | Total dwt | 14,072,068 |  |
(1) | Subject to sale and lease back financing transaction (Note 6)
1. Basis of Presentation and General Information – (continued): Non-vessel owning subsidiaries at December 31, 2021 (the below list includes companies previously owning vessels that have been sold, intermediate holding companies, companies that charter-in vessels and management companies): List of Non-vessel owning subsidiaries
| Wholly Owned Subsidiaries |  |
1 | Star Bulk Management Inc. | 19 | Star Aurora LLC
2 | Starbulk S.A. | 20 | Star Epsilon LLC
3 | Star Bulk Manning LLC | 21 | Star ABY LLC
4 | Star Bulk Shipmanagement Company (Cyprus) Limited | 22 | ABY Group Holding Ltd
5 | Candia Shipping Limited (ex Optima Shipping Limited) | 23 | Star Regina LLC
6 | Star Omas LLC | 24 | Star Bulk (Singapore) Pte. Ltd.
7 | Star Synergy LLC | 25 | Star Bulk Germany GmbH
8 | Oceanbulk Shipping LLC | 26 | Star Mare LLC
9 | Oceanbulk Carriers LLC | 27 | Star Sege Ltd
10 | International Holdings LLC | 28 | Star Regg VII LLC
11 | Star Ventures LLC | 29 | Star Cosmo LLC
12 | Star Logistics LLC (ex Dry Ventures LLC) | 30 | Star Delta LLC
13 | Unity Holding LLC | 31 | Star Kappa LLC
14 | Star Bulk (USA) LLC | 32 | Star Trident VI LLC
15 | Star Bulk Norway AS | 33 | Star Uranus LLC
16 | Star New Era LLC | 34 | Star Zeus LLC
17 | Star Thor LLC | 35 | Star Bulk Finance (Cyprus) Limited
18 | Star Gamma LLC |  |
1. Basis of Presentation and General Information - (continued): Charterers who individually accounted for more than 10% of the Company’s voyage revenues during the years ended December 31, 2019, 2020 and 2021 are as follows: Basis of Presentation and General Information - Charter Revenue Percentage (Table)
Charterer | 2019 | 2020
A | N/A | 11%
B | 13% | N/A
No charterer accounted for more than 10% of the Company’s revenues for the year ended December 31, 2021.

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