Star Bulk Carriers Corp. (SBLK) Q1 2023 Earnings Call Transcript

Star Bulk Carriers Corp. (NASDAQ:SBLK) Q1 2023 Results Conference Call May 17, 2023 11:00 AM ET

Company Participants

Petros Pappas - CEO
Hamish Norton - President
Simos Spyrou - Co-CFO
Christos Begleris - Co-CFO
Nicos Rescos - COO
Charis Plakantonaki - CSO

Conference Call Participants

Chris Robertson - Deutsche Bank
Omar Nokta - Jefferies
Ben Nolan - Stifel

Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the First Quarter 2023 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; Mr. Nicos Rescos, Chief Operating Officer; and Mrs. Charis Plakantonaki, Chief Strategy Officer of the Company.

At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] I must advise you that this conference is being recorded today.

I will now pass the floor to one of your speakers for today, Mr. Spyrou, please go ahead, sir.

Simos Spyrou

Thank you, operator. I'm Simos Spyrou, Co-Chief Financial Officer of Star Bulk Carriers, and I would like to welcome you to our conference call regarding our financial results for the first quarter of 2023.

Before we begin, I kindly ask you to take a moment to read the Safe Harbor statement on slide number 2 of our presentation.

In today's presentation, we will go through our first quarter results, cost evolution during the quarter, an update of our balance sheet, an overview of interest rate risk management, then bunker benefit and vessel operations, the latest on the ESG front and our views on the industry fundamentals before opening up for questions.

Let us now turn to slide number 3 of the presentation for