Star Bulk Carriers Corp. Announces Public Offering

Star Bulk Carriers Corp. Announces Public Offering 
ATHENS, GREECE -- (Marketwired) -- 10/01/13 --  Star Bulk Carriers
Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today announced
an underwritten public offering of common shares. The Company also
intends to grant the underwriters a 30-day option to purchase
additional shares of common stock representing 15% of the offered
shares. The common shares are being offered pursuant to the Company's
effective shelf registration statement.  
The Company intends to use the net proceeds of this offering to
partially fund the acquisition of nine identified newbuilding
vessels, future vessel acquisitions and general corporate purposes,
including working capital. 
Morgan Stanley is acting as the sole book-running manager for the
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful. The offering is being made
only by means of a prospectus and related prospectus supplement. A
prospectus supplement related to the offering will be filed with the
Securities and Exchange Commission. When available, copies of the
prospectus and prospectus supplement relating to the offering may be
obtained from the offices of Morgan Stanley at 180 Varick Street,
Second Floor, New York, New York 10014, Attention: Prospectus
Delivery Department or by email at 
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 Select 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 (dwt). The average age of our current
operating fleet is approximately 10.7 years. In addition, we provide
vessel management services to nine third-party dry bulk vessels,
including four Capesize vessels, three Supramax vessels and two
Panamax vessels. We have entered into agreements for the construction
of seven drybulk vessels each with fuel efficient specifications,
including two 208,000 dwt Newcastlemax drybulk vessels with expected
deliveries during the first half of 2016, respectively, one 209,000
dwt Newcastlemax drybulk vessel with an expected delivery during the
first quarter of 2016, two 180,000 dwt Capesize drybulk vessels with
expected deliveries in the fourth quarter of 2015 and first quarter
of 2016, respectively and two 61,000 dwt Ultramax drybulk vessels
with expected deliveries during the fourth quarter of 2015 and fourth
quarter of 2015, respectively. In addition, we have entered into
letters of intent for the construction of two 60,000 dwt Ultramax
drybulk vessels with fuel efficient specifications with expected
deliveries in 2015. 
Forward-Looking Statements 
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
forward-looking statements.  
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. 
Simos Spyrou
Star Bulk Carriers Corp.
c/o Star Bulk Management Inc.
40 Ag. Konstantinou Av.
Maroussi 15124
Athens, Greece 
Investor Relations / Financial Media:
Nicolas Bornozis
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
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