Star Bulk Enters into a Two-Year Time Charter Agreement for the Star Gamma
News Release
Star Bulk Carriers Corp.
June 24, 2011
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<DIV><FONT color=#2b2b2b size=2 face=Arial>ATHENS, GREECE, June 23, 2011 - Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK),a global
shipping company focusing on the transportation of dry bulk cargoes, today
announced that it has entered into a time charter contract with Cargill for the
Star Gamma for two years, plus an option for one additional year, at a gross
daily rate of $14,050 and $15,500 for the first two years and the optional year
respectively. The Star Gamma is a Supramax vessel of 53,098 dwt built in 2002.
The new contract will contribute a minimum of $10.3 million to a maximum of
$17.1 million in gross revenue. The vessel is expected to be delivered to
Cargill in July 2011. </FONT><BR></DIV></BODY></HTML>
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<DIV><FONT color=#2b2b2b size=2 face=Arial>ATHENS, GREECE, June 23, 2011 - Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK),a global
shipping company focusing on the transportation of dry bulk cargoes, today
announced that it has entered into a time charter contract with Cargill for the
Star Gamma for two years, plus an option for one additional year, at a gross
daily rate of $14,050 and $15,500 for the first two years and the optional year
respectively. The Star Gamma is a Supramax vessel of 53,098 dwt built in 2002.
The new contract will contribute a minimum of $10.3 million to a maximum of
$17.1 million in gross revenue. The vessel is expected to be delivered to
Cargill in July 2011. </FONT><BR></DIV></BODY></HTML>