• 2015 April 19 08:52

  Star Bulk announces completion of the delivery of the Excel vessel fleet

  

  Star Bulk Carriers Corp. today announced that following the  delivery of  M/V  Star Jennifer (ex “ Ore  Hansa ), a 82,290 dwt Kamsarmax  bulk carrier, built in 2006 , Star Bulk completed  the  acquisition of 34 vessels from Excel Maritime Carriers  Ltd under an “en bloc” transaction  announced  on August 19, 2014, the company said in its press release.

  Pursuant to  the  completion  of  the  Excel Vessel Fleet acquisition,  Star Bulk 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 K amsarmax,  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.

  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 execut ive offices in Athens, Greece. Its common stock trades on the Nasdaq Global  Select Market under the symbol "SBLK”. On a fully delivered basis, Star Bulk will have a fleet of  98 vessels, with  an aggregate capacity of 11. 5 million dwt, consisting of Newcastl emax, Capesize, Kamsarmax, Panamax, Post - Panamax, Ultramax, Supramax and Handymax vessels with carrying capacities between 45,590 dwt and  209,000 dwt. Our fleet currently includes  70 operating vessels  and  28 newbuilding vessels under construction  at shipya rds in Japan and China. All of the newbuilding vessels are expected to be delivered during 2015 and  2016.

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