Star Bulk Enters Into New Time Charter Agreements for Star Cosmo and Star Ypsilon
News Release
Star Bulk Carriers Corp.
April 8, 2011
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<DIV><FONT color=#2b2b2b size=2 face=Arial>ATHENS, GREECE, April 7, 2011- Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today
announced the following vessel chartering activities: <BR><BR>Star Cosmo<BR>The
Company entered into a time charter agreement with SK Shipping for the vessel
Star Cosmo for a period of 11-13 months, at a gross daily rate of $16,500. The
new contract will contribute minimum $5.5 million to maximum $6.8 million in
gross revenue. The Star Cosmo is a Supramax vessel of 52,247 dwt built in 2005.
<BR><BR>Star Ypsilon<BR>The Company entered into a time charter agreement with
STX Pan Ocean for the vessel Star Ypsilon for a period of 7-9 months, at a gross
daily rate of $13,000. The new contract will contribute minimum $2.7 million to
maximum $3.8 million in gross revenue. The Star Ypsilon is a Capesize vessel of
150,940 dwt built in 1991. </FONT><BR></DIV></BODY></HTML>
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<DIV><FONT color=#2b2b2b size=2 face=Arial>ATHENS, GREECE, April 7, 2011- Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today
announced the following vessel chartering activities: <BR><BR>Star Cosmo<BR>The
Company entered into a time charter agreement with SK Shipping for the vessel
Star Cosmo for a period of 11-13 months, at a gross daily rate of $16,500. The
new contract will contribute minimum $5.5 million to maximum $6.8 million in
gross revenue. The Star Cosmo is a Supramax vessel of 52,247 dwt built in 2005.
<BR><BR>Star Ypsilon<BR>The Company entered into a time charter agreement with
STX Pan Ocean for the vessel Star Ypsilon for a period of 7-9 months, at a gross
daily rate of $13,000. The new contract will contribute minimum $2.7 million to
maximum $3.8 million in gross revenue. The Star Ypsilon is a Capesize vessel of
150,940 dwt built in 1991. </FONT><BR></DIV></BODY></HTML>