Star Bulk Adds Jennifer

 

The Company completed the acquisition of 34 vessels from Excel Maritime Carriers Ltd under an "en bloc" transaction announced on August 19, 2014. Pursuant to the completion of the Excel Vessel Fleet acquisition, the Company has currently 162,684,541 shares of common stock outstanding.

 

Star Bulk currently owns seventy dry bulk vessels on the water, consisting of one Newcastlemax, nineteen Capesize, four Post-Panamax, twenty Kamsarmax, eight Panamax, seven Ultramax, ten Supramax and one Handymax vessel, with a total carrying capacity of 7.2 million dwt.

 

In addition, Star Bulk is expected to take delivery of twenty eight fuel-efficient vessels built at high quality shipyards in Japan and China, including twelve Newcastlemax, seven Capesize and nine Ultramax vessels with expected deliveries in 2015 and 2016.

 

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.