11 Best Marine Shipping Stocks to Invest in Now

5. Star Bulk Carriers Corp. (NASDAQ:SBLK)

Number of Hedge Fund Holders: 22

Star Bulk Carriers Corp. (NASDAQ:SBLK) is engaged in the ocean transportation of dry bulk cargoes. Operationally, the company has made progress in integrating systems and processes, creating a ship-owning and management platform that combines the strengths of Star Bulk and ex-Eagle Bulk. Delivering on the commitment to synergies, Star Bulk Carriers Corp. (NASDAQ:SBLK) managed to cumulatively reduce costs by $21.8 million since April 2024. Notably, in April 2024, the company completed its merger with Eagle Bulk Shipping Inc. In Q4 2024, the company achieved $12.6 million in cost reductions, which is equivalent to an annualized run rate of more than $50.0 million.

With Star Bulk Carriers Corp. (NASDAQ:SBLK)’s healthy balance sheet, scale, and deep industry expertise, it remains well placed to capitalize on future opportunities. The company remains cautiously optimistic regarding the medium-term outlook for the dry bulk market, considering the favorable supply picture, stricter environmental regulations, and steps by the Chinese government in a bid to stimulate the economy. Amidst increased geopolitical uncertainty, Star Bulk Carriers Corp. (NASDAQ:SBLK) focuses on actively managing its diverse scrubber-fitted fleet to take advantage of emerging market opportunities and to continue creating value. In February 2025, the company received the credit committee approval for a senior secured revolving facility of an amount up to $50 million. Star Bulk Carriers Corp. (NASDAQ:SBLK) has 13 debt-free vessels with an aggregate market value of $250 million.