Star Bulk Announces Availability of Its 2017 Annual Report on Form 20‐F
March 22 2018 - 5:45PM
Star Bulk Carriers Corp. (the “Company” or “Star Bulk”)
(Nasdaq:SBLK), a global shipping company focusing on the
transportation of dry bulk cargoes, today announced that the
Company’s annual report on Form 20‐F (the “Annual Report”), which
contains the Company’s audited financial statements for the fiscal
year ended December 31, 2017, was filed with the Securities and
Exchange Commission on March 22, 2018. The Annual Report can be
found on the Commission’s website at http://www.sec.gov and on the
Company’s website at http://www.starbulk.com.
Alternatively, shareholders may also request a
hard copy of the Annual Report, free of charge, by contacting:
Capital Link Inc. 230 Park Avenue, Suite 1536
New York, NY 10169 USA Tel: (+)1 212 661 7566 Email:
starbulk@capitallink.com
About Star BulkStar 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 8.2 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 72
operating vessels, with an additional two newbuilding vessels under
construction in China for expected delivery in April 2018.
Forward-Looking
StatementsMatters 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 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; the impact of the level of our indebtedness and the
restrictions in our debt agreements; 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.
Contacts:
Company:Simos Spyrou, Christos
BeglerisCo - Chief Financial OfficersStar Bulk Carriers Corp.c/o
Star Bulk Management Inc. 40 Ag. Konstantinou Av. Maroussi 15124
Athens, GreeceEmail: 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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