Star Bulk Carriers (SBLK) Added To The List Of Nasdaq Related Dry Bulk Carriers This Week

This week Star Bulk Carriers (Nasdaq: SBLK) began trading on the Nasdaq this week. Dry Bulk Carriers are in style these days and Star Bulk Carriers will try to enjoy the success that DryShips (Nasdaq: DRYS), Diana Shipping (NYSE: DSX), TOP Tankers (Nasdaq: TOPT) and TBS International (Nasdaq: TBSI) have enjoyed on the public exchanges.

Star Bulk Carriers Corp. announced today that it has agreed to acquire the vessel E Duckling (to be renamed Star Kappa), for USD 72 million from a company affiliated with its Co-Chairman, Nobu Su. The Star Kappa, a Supramax vessel of 52,055 dwt built in 2001 in Japan, will have a three-year Time Charter employment contract attached at a gross daily rate of USD 47,800 with earliest and latest redelivery of September 23, 2010 and November 23, 2010, respectively.

Star Bulk Carriers is an international company providing worldwide transportation solutions in the dry bulk sector through its vessels-owning subsidiaries for a broad range of major and minor bulk cargoes including iron ore, coal, grain, cement, fertilizer, along worldwide shipping routes.

DryShips owns and operates drybulk carriers that operate worldwide. The Company owns and operate a fleet of 35 vessels.

Diana Shipping is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels.

Top Tankers, Inc. is a provider of international seaborne transportation services carrying refined petroleum products and crude oil.

TBS International Limited is an ocean transportation services company that offers worldwide shipping solutions through liner, parcel, bulk and vessel chartering services.

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