Star Bulk Announces Results of Its 2017 Annual General Meeting of Shareholders
ATHENS, GREECE--(Marketwired - Nov 28, 2017) - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), a
global shipping company focusing on the transportation of dry bulk cargoes, announced that the Company's Annual Meeting of
Shareholders was duly held in Cyprus today, pursuant to a Notice of Annual Meeting of Shareholders dated October 18, 2017 ("the
Notice").
At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company's Proxy
Statement were approved and adopted:
1. The re-election of Messrs. Tom Softeland, Mahesh Balakrishnan and Nikolaos Karellis as Class A Directors of the Company to
serve until the 2020 Annual Meeting of Shareholders; and
2. The appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A., as the Company's independent auditors for
the fiscal year ending December 31, 2017.
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". On a fully
delivered basis, Star Bulk will have a fleet of 74 vessels, with an aggregate capacity of 8.1 million dwt, consisting of
Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 52,055
dwt and 209,537 dwt. Our fleet currently includes 71 operating vessels and 3 newbuilding vessels under construction at shipyards
in China.
Forward-Looking Statements
The Private Securities 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.
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 general dry bulk shipping market conditions,
including fluctuations in charterhire rates and vessel values, the strength of world economies the stability of Europe and the
Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk shipping industry, including
the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, 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, the availability of financing and refinancing, our ability to meet requirements for additional capital and
financing to complete our newbuilding program and grow our business, vessel breakdowns and instances of off‐hire, risks
associated with vessel construction, potential exposure or loss from investment in derivative instruments, potential conflicts of
interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to
complete acquisition transactions as planned. 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.