Fleet Table The following table sets forth summary information regarding Star Bulk's fleet. Time Year Time Charter Charter Vessel Name Type DWT Built Expiry (1) Rate (2) -------- ------- ----- -------------------- -------- Capesize Fleet Star Alpha Capesize 175,075 1992 Jul 5 - Oct 5, 2009 $ 47,500 -------- ------- ----- -------------------- -------- Star Beta Capesize 174,691 1993 Feb 12 - May 2, 2010 $106,500 -------- ------- ----- -------------------- -------- Mar 1 - Mar 31, 2009 $100,000 Mar 2010 $ 69,000 Mar 2011 $ 63,000 Star Sigma Capesize 184,400 1991 Mar - Aug 2012 $ 57,000 -------- ------- ----- -------------------- -------- Panamax Fleet Star Iota Panamax 78,585 1983 Mar 7 - Apr 17, 2009 $ 18,000 -------- ------- ----- -------------------- -------- Supramax Fleet Jan 4 - Feb 14, 2009 $ 28,500 Feb 2010 $ 45,000 Feb 2011 $ 38,000 Star Gamma Supramax 53,098 2002 Jan - Mar 2012 $ 31,000 -------- ------- ----- -------------------- -------- Star Delta Supramax 52,434 2000 Feb 7 - May 7, 2009 $ 25,800 -------- ------- ----- -------------------- -------- Dec 15, '08 - Mar 15, '09 $ 25,550 Star Epsilon Supramax 52,402 2001 Feb. - May 2014 $ 32,400 -------- ------- ----- -------------------- -------- May 2008 $ 65,000 Star Zeta Supramax 52,994 2003 April - July 2011 $ 42,500 -------- ------- ----- -------------------- -------- April 2 - Star Theta Supramax 52,425 2003 Jun 16, 2009 $ 32,500 -------- ------- ----- -------------------- -------- Star Kappa Supramax 52,055 2001 Aug 24 - Nov 23,2010 $ 47,800 -------- ------- ----- -------------------- -------- Star Omicron Supramax 53,489 2005 Feb - May 2011 $ 43,000 -------- ------- ----- -------------------- -------- Grand Total 11 981,648 -------- ------- ----- -------------------- -------- (1) Range represents the earliest and latest expiry dates allowed by the charter party. Charterers have the right to add off-hire days, if any, which occurred during the charter period. (2) Represents the gross daily rate.About Star Bulk Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and is headquartered in Athens, Greece. Its common stock and warrants trade on the NASDAQ Global Market under the symbols "SBLK" and "SBLKW" respectively. Currently, Star Bulk has an operating fleet of eleven dry bulk carriers, which consists of three Capesize, one Panamax and seven Supramax dry bulk vessels with an average age of approximately 10 years and a combined cargo carrying capacity of 981,648 deadweight tons. Forward-Looking Statements The information in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding: (1) the delivery and operation of assets of Star Bulk; (2) Star Bulk's future operating or financial results; (3) future, pending or recent acquisitions, business strategy, areas of possible expansion, and expected capital spending or operating expenses; (4) drybulk market trends, including charter rates and factors affecting vessel supply and demand; and (5) other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Star Bulk's examination of historical operating trends, data contained in their records and other data available from third parties. Although Star Bulk believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond their control, Star Bulk cannot assure you that Star Bulk will achieve or accomplish these expectations, beliefs or projections. Important factors that could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of a seller to deliver one or more vessels, the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in Star Bulk's operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists. Additional factors that could cause Star Bulk's results to differ materially from those described in the forward-looking statements can be found in Star Bulk's Registration Statement on Form F-1/F-4 and reports on Form 6-K filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and Star Bulk disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Contact Information: Contacts: Company: George Syllantavos CFO Star Bulk Carriers Corp. Aethrion Center, Suite B-34 40 Ag. Konstantinou Maroussi 15124 Athens, Greece E-mail: ir@starbulk.com www.starbulk.com Investor Relations / Financial Media: Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: nbornozis@capitallink.com www.capitallink.com