Star Bulk Announces Date for the Release of Second Quarter 2013 Results,
Conference Call and Webcast
ATHENS, GREECE -- (Marketwired) -- 07/30/13 -- Star Bulk Carriers
Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today announced
that it will release its results for the second quarter ended June
30, 2013 before the market opens in New York on Tuesday, August 27,
2013. Star Bulk's management team will host a conference call to
discuss the Company's financial results on the same day, Tuesday,
August 27, 2013, at 11:00 a.m. Eastern Time (ET).
Conference Call details:
Participants should dial into the call 10
minutes before the scheduled time using the following numbers:
1(866) 819-7111 (from the US),
0(800) 953-0329 (from the UK) or
+(44) (0) 1452 542 301 (from outside the US).
Please quote "Star
A replay of the conference call will be available until Tuesday,
September 3, 2013. The United States replay number is 1(866)
247-4222; from the UK 0(800) 953-1533; the standard international
replay number is (+44) (0) 1452 550 000 and the access code required
for the replay is: 3128607#.
Slides and audio webcast:
There will also be a simultaneous live
webcast over the Internet, through the Star Bulk website
to the live webcast should register
on the website approximately 10 minutes prior to the start of the
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 which include 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 thirteen dry
bulk carriers. The total fleet consists of five Capesize and eight
Supramax dry bulk vessels with a combined cargo carrying capacity of
1,290,602 deadweight tons. The average age of our current operating
fleet is approximately 10.5 years. Additionally, we have five
third-party dry bulk vessels under our management, consisting of one
Capesize vessel, two Supramax vessels and two Panamax vessels and we
have been sub-contracted for certain management services, including
crewing, purchasing and insurances, for seven product tankers. The
total combined cargo carrying capacity of these vessels amounts to
760,218 deadweight tons. We have also entered into agreements for the
construction of two 180,000 deadweight ton, fuel efficient, Capesize
drybulk vessels to be delivered in Q4 2015 and Q1 2016, respectively,
and letters of intent for the construction of two 60,000 deadweight
ton, fuel efficient, Ultramax drybulk vessels to be delivered in
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
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
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 whenmade,
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.
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
omplete 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.
Star Bulk Carriers Corp.
c/o Star Bulk Management Inc.
40 Ag. Konstantinou Av.
Investor Relations / Financial Media:
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
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