SCHEDULE 13G/A: Key Entities Update Passive Stake in Star Bulk Carriers Corp., Holding 11.39% of Common Shares

Famatown Finance Limited, Greenwich Holdings Limited, and C.K. Limited jointly report a passive 11.39% beneficial ownership stake in Star Bulk Carriers Corp. as an amendment to their Schedule 13G filing.

Summary

• This document is an Amendment No. 1 to a Schedule 13G filing concerning the beneficial ownership of common shares of Star Bulk Carriers Corp.
• The reporting persons are Famatown Finance Limited, Greenwich Holdings Limited, and C.K. Limited, who are filing jointly.
• Each reporting person beneficially owns 13,340,000 common shares of Star Bulk Carriers Corp.
• This ownership represents 11.39% of the issuer's common shares outstanding.
• The percentage is calculated based on 117,127,531 common shares of Star Bulk Carriers Corp. issued and outstanding as of February 17, 2025, as reported in the Issuer's Form 20-F filed on March 19, 2025.
• All 13,340,000 shares are held with shared voting power and shared dispositive power by each reporting person.
• C.K. Limited is identified as the trustee of two trusts that indirectly hold all shares of Greenwich Holdings Limited and Famatown Finance Limited.
• Mr. Fredriksen established these trusts for the benefit of his immediate family but disclaims any economic interest or control over the common shares, except for any indirect influence he may have with C.K. Limited as the settlor of the trusts.
• The filing certifies that the securities were not acquired and are not held for the purpose or effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a factual regulatory filing about beneficial ownership, not a performance report or strategic announcement. It simply updates the public record on a significant, passive stake.

Positives

• Confirmation of a significant, passive institutional ownership stake (11.39%) by a group of entities, indicating long-term interest without intent to influence control.

Risks

• The reporting entities disclaim any intent to influence control of Star Bulk Carriers Corp., which is a standard certification for passive investors under Rule 13G.
• Mr. Fredriksen, as the settlor of the trusts, disclaims economic interest and control over the shares, save for any indirect influence he may have with C.K. Limited as trustee.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership in the shipping industry, specifically for a dry bulk carrier company. Such filings provide transparency on significant shareholder stakes, which is common across all publicly traded sectors, including maritime transport.

Comparison to Industry Standards

• This is a standard Schedule 13G/A filing, which is a regulatory requirement for passive investors holding more than 5% of a company's shares.
• The reported 11.39% stake is a significant minority holding, typical for large institutional or family office investments in publicly traded companies.
• There are no specific comparable companies, projects, or results mentioned in the document to assess against industry benchmarks.

Related Party Transactions

• C.K. Limited acts as the trustee of two trusts that indirectly hold all shares of Greenwich Holdings Limited and Famatown Finance Limited. Mr. Fredriksen established these trusts for the benefit of his immediate family, creating an indirect relationship between these entities and the beneficial ownership.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake, clarifying who holds a substantial portion of the company's shares and their intent (passive).

Key Dates

Keywords

Star Bulk Carriers Corp., Schedule 13G/A, Beneficial Ownership, Institutional Investor, Common Shares, SEC Filing, Famatown Finance Limited, Greenwich Holdings Limited, C.K. Limited, Shipping, Dry Bulk