Star Bulk Announces Date for the Release of Fourth Quarter 2013 Results, Conference Call and Webcast
February 18 2014 - 9:00AM
Marketwired
Star Bulk Announces Date for the Release of Fourth Quarter 2013
Results, Conference Call and Webcast
ATHENS, GREECE--(Marketwired - Feb 18, 2014) - 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 is: 3128607#.
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 webcast.
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.
Forward-Looking Statements
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.
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.
Contacts: Company: Simos Spyrou CFO Star Bulk Carriers Corp. c/o
Star Bulk Management Inc. 40 Ag. Konstantinou Av. Maroussi 15124
Athens, Greece Email: info@starbulk.com www.starbulk.com Investor
Relations / Financial Media: Nicolas Bornozis President Capital
Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel.
(212) 661-7566 E-mail: starbulk@capitallink.com
www.capitallink.com
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