Star Bulk Enters Into a Two-Year Time Charter Agreement for tts Second Capesize Newbuilding Star Polaris
News Release
Star Bulk Carriers Corp.
September 23, 2011
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<DIV><STRONG>ATHENS, GREECE, September 23, 2011</STRONG> - Star Bulk Carriers
Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today announced that it has
entered into a time charter contract with Louis Dreyfus Commodities Suisse SA
for its second capesize newbuilding, the Star Polaris, for two years, plus a
charterer's option for one additional year, at a gross daily rate of $16,500 for
the first two years and $19,000 for the optional year. The Star Polaris is a
newbuilding Capesize vessel of approximately 179,600 dwt that is expected to be
delivered to this new charterer in November 2011, immediately after its delivery
from the shipyard. The new contract is expected to contribute a minimum of $11.5
million to a maximum of $20.1 million in gross revenue. <BR></DIV></BODY></HTML>
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<DIV><STRONG>ATHENS, GREECE, September 23, 2011</STRONG> - Star Bulk Carriers
Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today announced that it has
entered into a time charter contract with Louis Dreyfus Commodities Suisse SA
for its second capesize newbuilding, the Star Polaris, for two years, plus a
charterer's option for one additional year, at a gross daily rate of $16,500 for
the first two years and $19,000 for the optional year. The Star Polaris is a
newbuilding Capesize vessel of approximately 179,600 dwt that is expected to be
delivered to this new charterer in November 2011, immediately after its delivery
from the shipyard. The new contract is expected to contribute a minimum of $11.5
million to a maximum of $20.1 million in gross revenue. <BR></DIV></BODY></HTML>