● |
the possibility that costs or difficulties related to the integration of the Company’s and Eagle’s (as defined below) operations will be greater than expected;
|
● |
the possibility that the expected synergies and value creation from the Eagle Merger (as defined below) will not be realized, or will not be realized within the expected time period;
|
● |
general dry bulk shipping market conditions, including fluctuations in charter rates and vessel values;
|
● |
the strength of world economies;
|
● |
the stability of Europe and the Euro;
|
● |
fluctuations in currencies, interest rates and foreign exchange rates;
|
● |
business disruptions due to natural and other disasters or otherwise, such as the impact of any new outbreaks or new variants of coronavirus (“COVID-19”) that may emerge;
|
● |
the length and severity of epidemics and pandemics and their impact on the demand for seaborne transportation in the dry bulk sector;
|
● |
changes in supply and demand in the dry bulk shipping industry, including the market for our vessels and the number of new buildings under construction;
|
● |
the potential for technological innovation in the sector in which we operate and any corresponding reduction in the value of our vessels or the charter income derived therefrom;
|
● |
changes in our expenses, including bunker prices, dry docking, crewing and insurance costs;
|
● |
changes in governmental rules and regulations or actions taken by regulatory authorities;
|
● |
potential liability from pending or future litigation and potential costs due to environmental damage and vessel collisions;
|
● |
the impact of increasing scrutiny and changing expectations from investors, lenders, charterers and other market participants with respect to our Environmental, Social and Governance (“ESG”) practices;
|
● |
our ability to carry out our ESG initiatives and thereby meet our ESG goals and targets;
|
● |
new environmental regulations and restrictions, whether at a global level stipulated by the International Maritime Organization, and/or regional/national imposed by regional authorities such as the European Union or individual
countries;
|
● |
potential cyber-attacks which may disrupt our business operations;
|
● |
general domestic and international political conditions or events, including “trade wars,” the ongoing conflict between Russia and Ukraine, the conflict between Israel and Hamas and the Houthi attacks in the Red Sea and the Gulf of
Aden;
|
● |
the impact on our common shares and reputation if our vessels were to call on ports located in countries that are subject to restrictions imposed by the U.S. or other governments;
|
● |
our ability to successfully compete for, enter into and deliver our vessels under time charters or other employment arrangements for our existing vessels after our current charters expire and our ability to earn income in the spot
market;
|
● |
potential physical disruption of shipping routes due to accidents, climate-related reasons (acute and chronic), political events, public health threats, international hostilities and instability, piracy or acts by terrorists;
|
● |
the availability of financing and refinancing;
|
● |
the failure of our contract counterparties to meet their obligations;
|
● |
our ability to meet requirements for additional capital and financing to complete our newbuilding program and grow our business;
|
● |
the impact of our indebtedness and the compliance with the covenants included in our debt agreements;
|
● |
vessel breakdowns and instances of off-hire;
|
● |
potential exposure or loss from investment in derivative instruments;
|
● |
potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management;
|
● |
our ability to complete acquisition transactions as and when planned and upon the expected terms;
|
● |
the impact of port or canal congestion or disruptions; and
|
● |
the risk factors and other factors referred to in the Company's reports filed with or furnished to the U.S. Securities and Exchange Commission (“SEC”).
|
Star Bulk Carriers Corp.
|
||||
|
By:
|
/s/ Simos Spyrou
|
||
Name:
|
Simos Spyrou
|
|||
Title:
|
Co-Chief Financial Officer
|
Exhibit
Number
|
Description
|
|