Star Bulk Announces Date for the Release of Second Quarter 2008 Results, Conference Call and Webcast
Earnings Release: Tuesday, August 12, 2008, after 4:00 p.m. EDT; Conference Call and Webcast: Wednesday, August 13, 2008, at 10:00 a.m. EDT
NEW YORK, NY--(Marketwire - August 11, 2008) - Star Bulk Carriers Corp. (NASDAQ: SBLK)
announced today that it will release its results for the second quarter
ending June 30, 2008, after the market closes in New York on Tuesday,
August 12, 2008, after 4:00 p.m. EDT. StarBulk's management team will host
a conference call to discuss the Company's financial results on Wednesday,
August 13, 2008, at 10:00 a.m., Eastern Daylight Time (EDT).
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers: 1(866) 819-7111 (from the US), 0(800) 953-0329
(from the UK) or +(44) (0) 1452 542 301 (from outside the US). Please quote
In case of any problem with the above numbers, please dial 1(866) 223-0615
(from the US), 0(800) 694-1503 (from the UK) or +(44) (0) 1452 586-513
(from outside the US). Please quote "StarBulk."
A replay of the conference call will be available until August 20, 2008.
The United States replay number is 1(866) 247-4222; from the UK 0(800)
953-1533; the standard international replay number (+44) (0) 1452 55 00 00
and the access code required for the replay is: 3128607#.
Slides and audio webcast:
There will also be a simultaneous live webcast over the Internet, through
the Star Bulk website (www.starbulk.com). Participants to the live webcast
should register on the website approximately 10 minutes prior to the start
of the webcast.
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 twelve dry bulk carriers,
plus definitive agreements to acquire one Capesize dry bulk carrier and
sell its Panamax dry bulk carrier. The total fleet consists of four
Capesize, one Panamax and eight Supramax dry bulk vessels with an average
age of approximately 10 years and a combined cargo carrying capacity of
1,184,835 deadweight tons.
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: Company:
Chief Financial Officer
Star Bulk Carriers Corp.
7 Fragoklisias Str.
Investor Relations / Financial Media:
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566