Star Bulk Announces Date for the Release of Fourth Quarter 2013 Results,
Conference Call and Webcast
ATHENS, GREECE -- (Marketwired) -- 02/18/14 -- Star Bulk Carriers
Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today announced
that it will release its results for the fourth quarter ended
December 31, 2013 before the market opens in New York on Wednesday,
March 5, 2014. Star Bulk's management team will host a conference
call to discuss the Company's financial results on the same day,
Wednesday, March 5, 2014, at 11:00 a.m. Eastern Standard Time (EST).
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 Wednesday,
March 12, 2014. 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". Following the delivery of the newly acquired M/V Star Sirius,
Star Bulk will own a fleet of seventeen dry bulk carriers consisting
of five Capesize, two Post Panamax, two Ultramax and eight Supramax
dry bulk vessels with a combined cargo carrying capacity of
approximately 1,609,519 deadweight tons (dwt) and an average age of
approximately 8.8 years. In addition, Star Bulk provides vessel
management services to eleven third-party dry bulk vessels, including
five Capesize, one Post - Panamax, two Panamax and three Supramax
vessels. Star Bulk has also entered into agreements for the
construction of nine fuel efficient dry bulk vessels, including three
Newcastlemax vessels, two Capesize vessels and four Ultramax vessels,
with a combined cargo carrying capacity of 1,227,000 deadweight tons.
All of the newbuilding vessels are expected to be delivered during
2015 and 2016.
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 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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