Star Bulk Announces the Date of Its 2013 Annual General Meeting of Shareholders
and Internet Availability of Its Proxy Materials
ATHENS, GREECE -- (Marketwired) -- 08/21/13 -- 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 St. Regis Hotel, 29 Tanglin Road,
Singapore 247911, Singapore on Monday, September 23, 2013 at 10:00
p.m. local time. The Company's board of directors has fixed the close
of business on August 1, 2013 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.
The Company's Notice of the Meeting and Proxy Statement were filed
with the Securities and Exchange Commission (the "Commission") on
August 21, 2013, on the Commission's website at www.sec.gov, and may
also be found on the Company's website at www.starbulk.com.
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 10.6 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 facts.
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
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.
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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