News Release

News Release Star Bulk Carriers Corp. September 10, 2012

ATHENS, GREECE, September 10, 2012 - 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 the Company's Annual Meeting of Shareholders was duly held in New York City on September 7, 2012 pursuant to a Notice of Annual Meeting of Shareholders dated July 27, 2012. ("the Notice").



At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company's Proxy statement were approved and adopted:




1. The re-election of Mr. Koert Erhardt and Ms. Milena Maria Pappas as Class B Directors of the Company to serve until the 2015 Annual Meeting of Shareholders; and




2. The approval of an amendment to the Company's Second Amended and Restated Articles of Incorporation to effect a reverse stock split of the issued and outstanding common shares by a ratio of not less than one-for-five and not more than one-for-fifteen ,with the exact ratio to be set at a whole number within this range, to be determined by the Company's Board in its discretion and to authorize the Company's Board to implement the reverse stock split at any time prior to the date of the Company's 2013 Annual Meeting of Shareholders by filing, among other things, an amendment to the Company's Second Amended and Restated Articles of Incorporation; and




3. The appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A., as the Company's independent auditors for the fiscal year ending December 31, 2012



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 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 years.