Star Bulk Carriers Corp. to Present at the Morgan Stanley Commodities & Shipping Conference in New York City
ATHENS, GREECE--(Marketwire - June 8, 2009) - Star Bulk Carriers Corp. (the "Company" or
"Star Bulk") (NASDAQ: SBLK), a global shipping company focusing on
transportation of dry bulk cargoes, today announced that members of its
management team will be presenting at the Morgan Stanley Commodities and
Shipping Conference in New York City on Tuesday, June 9, 2009 at 3:00 P.M.
A PDF version of the slide presentation will be available in the Investor
Relations section of Star Bulk Carriers Corp. website at www.starbulk.com.
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.
The total fleet consists of four Capesize, and eight Supramax dry bulk
vessels with an average age of approximately 10.1 years and a combined
cargo carrying capacity of 1,106,253 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," "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 its 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, Annual Reports on Forms 20-F for
the years ended December 31, 2007 and 2008, in Registration Statement on
Form F-3 filled in September 2008 and its amendments, in Registration
Statement on Form F-3 filled in January 2009 and its amendments, 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
Contact Information: Contacts:
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