Star Bulk Announces the Date of its 2012 Annual General Meeting of Shareholders and Internet Availability of its Proxy Materials
News Release
Star Bulk Carriers Corp.
August 6, 2012
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<P><STRONG>ATHENS, GREECE, July 25, 2012</STRONG> - Star Bulk Carriers Corp.
(the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company
focusing on transportation of dry bulk cargoes, announced today that it plans to
hold its Annual Meeting of Shareholders (the "Meeting") at the offices of Seward
& Kissel LLP located at One Battery Park Plaza, New York, New York 10004 on
Friday, September 7, 2012 at 9:30 a.m. local time. The Company's board of
directors has fixed the close of business on July 10, 2012 as the record date
for the determination of the Company's shareholders entitled to receive notice
of and to vote at the Meeting or any adjournment thereof.</P>
<P> </P>
<P>The Company's Notice of the Meeting and Proxy Statement were filed with the
Securities and Exchange Commission (the "Commission") on July 25, 2012, on the
Commission's website at <A href="http://www.sec.gov">www.sec.gov</A>, and may
also be found on the Company's website at <A
href="http://www.starbulk.com">www.starbulk.com</A>. </P>
<P><BR> </P>
<P><STRONG>About Star Bulk</STRONG></P>
<P>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 maintains executive offices in Athens,
Greece. Its common stock trades on the Nasdaq Global Market under the symbol
"SBLK". Currently, Star Bulk has an operating fleet of fourteen dry bulk
carriers. The total fleet consists of six Capesize and eight Supramax dry bulk
vessels with a combined cargo carrying capacity of 1,475,005 deadweight tons.
The average age of our current operating fleet is approximately 10.3 years.
<BR></P>
<P> </P>
<P><STRONG>Forward-Looking Statements <BR></STRONG>Matters discussed in
this press release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to provide
prospective information about their business. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which are other
than statements of historical facts. <BR></P>
<P> </P>
<P>The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intends," "estimate," "forecast," "project," "plan,"
"potential," "may," "should," "expect," "pending" and similar expressions
identify forward-looking statements. <BR></P>
<P> </P>
<P>The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, examination by the Company's management of
historical operating trends, data contained in its records and other data
available from third parties. Although the Company 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 the Company's control, the Company cannot
assure you that it will achieve or accomplish these expectations, beliefs or
projections. <BR></P>
<P> </P>
<P>In addition to these important factors, other important factors that, in the
Company's view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the strength of world
economies and currencies, general market conditions, including fluctuations in
charter rates and vessel values, changes in demand for dry bulk shipping
capacity, changes in the Company's operating expenses, including bunker prices,
drydocking and insurance costs, the market for the Company's vessels,
availability of financing and refinancing, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or
political events, vessels breakdowns and instances of off-hires and other
factors. Please see our filings with the Securities and Exchange Commission for
a more complete discussion of these and other risks and uncertainties. The
information set forth herein speaks only as of the date hereof, and the Company
disclaims any intention or obligation to update any forward-looking statements
as a result of developments occurring after the date of this
communication.<BR></P>
<P> </P>
<P><STRONG>Contacts: <BR></STRONG></P>
<P><STRONG>Company:<BR></STRONG>Simos Spyrou<BR>CFO<BR>Star Bulk Carriers
Corp.<BR>c/o Star Bulk Management Inc.<BR>40 Ag. Konstantinou Av.<BR>Maroussi
15124<BR>Athens, Greece<BR><A
href="http://www.starbulk.com">www.starbulk.com</A></P>
<P> </P>
<P><BR><STRONG>Investor Relations / Financial Media:</STRONG><BR>Nicolas
Bornozis<BR>President<BR>Capital Link, Inc.<BR>230 Park Avenue, Suite
1536<BR>New York, NY 10169<BR>Tel. (212) 661-7566<BR>E-mail: <A
href="mailto:starbulk@capitallink.com">starbulk@capitallink.com</A><BR><A
href="http://www.capitallink.com">www.capitallink.com</A></P></DIV></BODY></HTML>
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<DIV>
<P><STRONG>ATHENS, GREECE, July 25, 2012</STRONG> - Star Bulk Carriers Corp.
(the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company
focusing on transportation of dry bulk cargoes, announced today that it plans to
hold its Annual Meeting of Shareholders (the "Meeting") at the offices of Seward
& Kissel LLP located at One Battery Park Plaza, New York, New York 10004 on
Friday, September 7, 2012 at 9:30 a.m. local time. The Company's board of
directors has fixed the close of business on July 10, 2012 as the record date
for the determination of the Company's shareholders entitled to receive notice
of and to vote at the Meeting or any adjournment thereof.</P>
<P> </P>
<P>The Company's Notice of the Meeting and Proxy Statement were filed with the
Securities and Exchange Commission (the "Commission") on July 25, 2012, on the
Commission's website at <A href="http://www.sec.gov">www.sec.gov</A>, and may
also be found on the Company's website at <A
href="http://www.starbulk.com">www.starbulk.com</A>. </P>
<P><BR> </P>
<P><STRONG>About Star Bulk</STRONG></P>
<P>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 maintains executive offices in Athens,
Greece. Its common stock trades on the Nasdaq Global Market under the symbol
"SBLK". Currently, Star Bulk has an operating fleet of fourteen dry bulk
carriers. The total fleet consists of six Capesize and eight Supramax dry bulk
vessels with a combined cargo carrying capacity of 1,475,005 deadweight tons.
The average age of our current operating fleet is approximately 10.3 years.
<BR></P>
<P> </P>
<P><STRONG>Forward-Looking Statements <BR></STRONG>Matters discussed in
this press release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to provide
prospective information about their business. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which are other
than statements of historical facts. <BR></P>
<P> </P>
<P>The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intends," "estimate," "forecast," "project," "plan,"
"potential," "may," "should," "expect," "pending" and similar expressions
identify forward-looking statements. <BR></P>
<P> </P>
<P>The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, examination by the Company's management of
historical operating trends, data contained in its records and other data
available from third parties. Although the Company 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 the Company's control, the Company cannot
assure you that it will achieve or accomplish these expectations, beliefs or
projections. <BR></P>
<P> </P>
<P>In addition to these important factors, other important factors that, in the
Company's view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the strength of world
economies and currencies, general market conditions, including fluctuations in
charter rates and vessel values, changes in demand for dry bulk shipping
capacity, changes in the Company's operating expenses, including bunker prices,
drydocking and insurance costs, the market for the Company's vessels,
availability of financing and refinancing, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or
political events, vessels breakdowns and instances of off-hires and other
factors. Please see our filings with the Securities and Exchange Commission for
a more complete discussion of these and other risks and uncertainties. The
information set forth herein speaks only as of the date hereof, and the Company
disclaims any intention or obligation to update any forward-looking statements
as a result of developments occurring after the date of this
communication.<BR></P>
<P> </P>
<P><STRONG>Contacts: <BR></STRONG></P>
<P><STRONG>Company:<BR></STRONG>Simos Spyrou<BR>CFO<BR>Star Bulk Carriers
Corp.<BR>c/o Star Bulk Management Inc.<BR>40 Ag. Konstantinou Av.<BR>Maroussi
15124<BR>Athens, Greece<BR><A
href="http://www.starbulk.com">www.starbulk.com</A></P>
<P> </P>
<P><BR><STRONG>Investor Relations / Financial Media:</STRONG><BR>Nicolas
Bornozis<BR>President<BR>Capital Link, Inc.<BR>230 Park Avenue, Suite
1536<BR>New York, NY 10169<BR>Tel. (212) 661-7566<BR>E-mail: <A
href="mailto:starbulk@capitallink.com">starbulk@capitallink.com</A><BR><A
href="http://www.capitallink.com">www.capitallink.com</A></P></DIV></BODY></HTML>