Star Bulk Announces Date for the Release of Third Quarter 2013 Results,
Conference Call and Webcast
ATHENS, GREECE -- (Marketwired) -- 10/25/13 -- Star Bulk Carriers
Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today announced
that it will release its results for the third quarter ended
September 30, 2013 before the market opens in New York on Tuesday,
November 26, 2013. Star Bulk's management team will host a conference
call to discuss the Company's financial results on the same day,
Tuesday, November 26, 2013, at 11:00 a.m. Eastern Standard Time
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 Bulk."
A replay of the conference call will be available until Tuesday,
December 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
Slides and audio webcast:
There will also be a simultaneous live
webcast over the Internet, through the Star Bulk website
(www.starbulk.com). Participants 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 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, two Panamax and three Supramax
vessels. We have entered into agreements for the construction of nine
dry bulk vessels each with fuel efficient specifications, including
two 208,000 dwt Newcastlemax dry bulk vessels with expected
deliveries during the first half of 2016, one 209,000 dwt
Newcastlemax dry bulk vessel with an expected delivery during the
first quarter of 2016, two 180,000 dwt Capesize dry bulk vessels with
expected deliveries in the fourth quarter of 2015 and first quarter
of 2016 respectively, two 61,000 dwt Ultramax dry bulk vessels with
expected deliveries during the fourth quarter of 2015 and two 60,000
dwt Ultramax dry bulk vessels with expected deliveries in the second
quarter of 2015 and the third quarter of 2015 respectively.
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 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.
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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