Star Bulk Carrier Corp's latest move to stock up on more capesizes is being met with widespread applause, following Wednesday's after-market announcement.

Several analysts have come forth with positive reviews in the ensuing hours, lauding just about every aspect of the company's decision to add more of the large ships to its arsenal.

"Ding Ding Ding, Star Bulk wins the prize for using the currency of a public listing correctly and effectively," Stifel analyst Ben Nolan said.