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Management fees	12 Months Ended
Dec. 31, 2024
Management Fees
Management fees	10. Management fees: The Company has engaged Ship Procurement Services S.A. (“SPS”), a third-party company, to provide to its fleet certain procurement services. In 2018, the Company had entered into management agreements with Augustea Technoservices Ltd to provide technical management to certain of its vessels, all of which were gradually terminated by June 2022 (Note 3) while during 2021 the Company appointed Iblea Ship Management Limited and affiliates to provide certain management services to certain vessels, which previously were managed by Augustea Technoservices Ltd (Note 3). In addition, the Company has also entered into management agreements with Equinox Maritime Ltd, Zeaborn GmbH & Co. KG and Technomar Shipping Inc to provide certain management services to certain of its vessels. The management agreements with Technomar Shipping Inc were terminated in 2022. During 2022, 2023 and 2024, certain vessels changed management from third-party to in-house. On December 3, 2024, the company sold Star Bulk Shipmanagement Company (Cyprus) Limited, a previous wholly-owned subsidiary of the Company, which provided certain management services to seven vessels of the Company’s fleet, to Ship Procurement Services Company (Cyprus) Ltd. The management of the relevant vessels remains with Star Bulk Shipmanagement Company (Cyprus) Limited. Total management fees under the aforementioned management agreements in effect for the years ended December 31, 2022, 2023 and 2024 were $19,071, $16,809 and $18,956, respectively, and are included in “Management fees” in the consolidated income statements.

Management fees

12 Months Ended

Dec. 31, 2024

10. Management fees:

The Company has engaged Ship Procurement Services S.A. (“SPS”), a third-party company, to provide to its fleet certain procurement services. In 2018, the Company had entered into management agreements with Augustea Technoservices Ltd to provide technical management to certain of its vessels, all of which were gradually terminated by June 2022 (Note 3) while during 2021 the Company appointed Iblea Ship Management Limited and affiliates to provide certain management services to certain vessels, which previously were managed by Augustea Technoservices Ltd (Note 3). In addition, the Company has also entered into management agreements with Equinox Maritime Ltd, Zeaborn GmbH & Co. KG and Technomar Shipping Inc to provide certain management services to certain of its vessels. The management agreements with Technomar Shipping Inc were terminated in 2022. During 2022, 2023 and 2024, certain vessels changed management from third-party to in-house. On December 3, 2024, the company sold Star Bulk Shipmanagement Company (Cyprus) Limited, a previous wholly-owned subsidiary of the Company, which provided certain management services to seven vessels of the Company’s fleet, to Ship Procurement Services Company (Cyprus) Ltd. The management of the relevant vessels remains with Star Bulk Shipmanagement Company (Cyprus) Limited. Total management fees under the aforementioned management agreements in effect for the years ended December 31, 2022, 2023 and 2024 were $19,071, $16,809 and $18,956, respectively, and are included in “Management fees” in the consolidated income statements.