Star Bulk Announces Availability of Its 2013 Annual Report on Form 20-F
March 24 2014 - 4:05PM
Marketwired
Star Bulk Announces Availability of Its 2013 Annual Report on Form
20-F
ATHENS, GREECE--(Marketwired - Mar 24, 2014) - Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK),
a global shipping company focusing on transportation of dry bulk
cargoes, announced today that the Company's annual report on Form
20-F that contains the Company's audited financial statements for
the fiscal year ended December 31, 2013 was filed with the
Securities and Exchange Commission on March 21, 2014, on the
Commission's website at www.sec.gov and may be found on the
Company's website at www.starbulk.com.
Shareholders may also receive a hard copy of Form 20-F free of
charge upon written request to the Company's Investor Relations
Advisor at:
Capital Link Inc. 230 Park Avenue, Suite 1536 New York, NY 10169
USA Tel: (+)1 212 661 7566 Email: starbulk@capitallink.com
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". Star Bulk owns 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 1,610,935 deadweight tons and an average
age of approximately 8.9 years. In addition, Star Bulk provides
vessel management services to fourteen third party dry bulk
vessels, including five Capesize, two Post Panamax, two Kamsarmax,
two Panamax and three Supramax vessels with a combined cargo
carrying capacity of 1,569,255 deadweight tons. The Company has
also entered into agreements for the construction of eleven fuel
efficient dry bulk vessels, five Newcastlemax vessels, two Capesize
vessels and four Ultramax vessels, with a combined cargo carrying
capacity of 1,643,000 deadweight tons. All of the newbuilding
vessels are expected to be delivered during 2015 and early
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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