Star Bulk Carriers Corp (FRA:4FAP)
€ 16.265 -0.085 (-0.52%) Market Cap: 1.93 Bil Enterprise Value: 2.91 Bil PE Ratio: 5.82 PB Ratio: 0.81 GF Score: 77/100

Q1 2020 Star Bulk Carriers Corp Earnings Call Transcript

May 27, 2020 / 03:00PM GMT
Release Date Price: €4.76 (-2.26%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Star Bulk Carriers Conference Call on the First Quarter 2020 Financial Results.

We have with us Mr. Petros Pappas, Chief Executive Officer; Mr. Hamish Norton, President; Mr. Simos Spyrou and Mr. Christos Begleris, Co-Chief Financial Officers of the company. (Operator Instructions) I must advise you that this conference is being recorded today.

We now pass the floor to one of your speakers, Mr. Simos Spyrou. Please go ahead, sir.

Simos Spyrou
Star Bulk Carriers Corp. - Co-CFO

I would like to welcome you to the Star Bulk Carriers conference call regarding our financial results for the first quarter of 2020. Before we begin, I kindly ask you to take a moment to read the safe harbor statement on Slide #2 of our presentation.

Let us now turn to Slide #3 of the presentation for a summary of our first quarter 2020 financial highlights. In the 3 months ending March 31, 2020, TCE revenues amounted to $100.3 million, 3.7% lower than the $104.2 million for the same period in

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