ATHENS, Greece, November 09, 2021 (GLOBE NEWSWIRE) – Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company specializing in the transportation of dry bulk cargoes, today announced the release of its 2020 Environmental, Company and governance (ESG) (âreportâ), prepared in accordance with the standards of the Global Reporting Initiative (basic option) and the Sustainability Accounting Standards Board (SASB) for maritime transport. The report’s GRI and SASB disclosures were provided by EY’s Climate Change and Sustainability Services.
The report was posted on the company’s website (www.starbulk.com)
ESG Report 2020
This report provides a transparent account of the Company’s sustainability performance, objectives and strategy, and applies rigorous global standards of comparability and completeness. By formulating corporate goals and measuring its efforts, Star Bulk is inspired by and inspired by the United Nations Sustainable Development Goals (SDGs). The report sets out Star Bulk’s priorities and goals and provides detailed information on the company’s activities, including corporate governance, operational excellence and how it measures and manages its impact on the environment, its people and society. Highlighting the significant issues as identified by the Company’s stakeholders, the report demonstrates the Company’s commitment to involve its employees, investors, customers, banks and other stakeholders, in the formulation of its ESG strategy. and communication of its performance.
Commenting on the publication of the report, Mr. Petros Pappas, CEO of Star Bulk, stressed: âWith this third annual ESG report, we continue to strengthen our commitment to lead the way in sustainable dry bulk transportation. The challenges of the pandemic have further highlighted the need for global cooperation, social cohesion, resilience and environmental protection. This report reflects our continued efforts to further strengthen our environmental stewardship, social contribution and strong governance. “
About Star Bulk
Star Bulk is a global shipping company providing worldwide shipping solutions for the dry bulk industry. Star Bulk’s ships carry major bulk, which includes iron ore, minerals, and grains, and minor bulk, which includes bauxite, fertilizers, and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and has executive offices in Athens, Oslo, New York, Limassol and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. Star Bulk operates a fleet of 128 ships, with a total capacity of 14.1 million dwt, consisting of 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax and 17 ships Supramax with transport capacities between 52,425 dwt and 209,537 dwt.
The matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe havens for forward-looking statements to encourage companies to provide forward-looking information about their activities. Forward-looking statements include statements about future plans, objectives, goals, strategies, events or performance, and underlying assumptions and other statements, which are other than statements of historical fact.
The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this caveat as part of such safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “foresee”, “project”, “plan”, “potential”, “can”, “should”, “expect” , âPendingâ and similar expressions identify forward-looking statements.
The forward-looking statements contained in this press release are based on various assumptions, many of which, in turn, are based on other assumptions, including, without limitation, the Company’s management review of trends. operating history, data contained in its records and other data available from third parties. Although the Company believes these assumptions were reasonable when made, as these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of the Company, the Company cannot assure you that it will meet or fulfill these expectations. , beliefs or projections.
In addition to these important factors, other important factors which, in the opinion of the Company, could cause actual results to differ materially from those discussed in the forward-looking statements include general conditions of the dry bulk transportation market. , including fluctuations in rental rates and vessel values; the strength of global economies; the stability of Europe and the euro; fluctuations in interest rates and exchange rates; changing demand in the dry bulk shipping industry, including the market for our vessels; changes in our operating expenses, including bunker prices, dry docking and insurance costs; changes in government rules and regulations or actions taken by regulatory authorities; potential liability for ongoing or future litigation; general national and international political conditions; potential disruption of shipping routes due to accidents or political events; the availability of financing and refinancing; our ability to meet additional capital and financing needs to complete our new construction program and grow our business; the impact of our level of indebtedness and restrictions in our debt agreements; vessel breakdowns and cases of non-hire; risks associated with the construction of ships; the exposure or potential loss of an investment in derivative instruments; potential conflicts of interest involving our CEO, his family and other members of our senior management and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information contained herein is valid only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Simos Spyrou, Christos Begleris
Star Bulk Carriers Corp.
c / o Star Bulk Management Inc.
40 Ag. Av. Constantinou
Email: [email protected]
Investor Relations / Financial Media:
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