Star Bulk announces completion of the delivery of the Excel vessel fleet
Star Bulk Carriers Corp. today announced that following the delivery of M/V Star Jennifer (ex “ Ore Hansa ), a 82,290 dwt Kamsarmax bulk carrier, built in 2006 , Star Bulk completed the acquisition of 34 vessels from Excel Maritime Carriers Ltd under an “en bloc” transaction announced on August 19, 2014, the company said in its press release.
Pursuant to the completion of the Excel Vessel Fleet acquisition, Star Bulk has currently 162,684,541 shares of common stock outstanding.
Star Bulk currently owns seventy dry bulk vessels on the water, consisting of one Newcastlemax, nineteen Capesize, four Post - Panamax, twenty K amsarmax, eight Panamax, seven Ultramax , ten Supramax and one Handymax vessel, with a total carrying capacity of 7 . 2 million dwt. In addition, Star Bulk is expected to take delivery of twenty eight fuel - efficient vessels built at high quality shipyards in Japan and China, including twelve Newcastlemax, seven Capesize and nine Ultramax vessels with expected deliveries in 2015 and 2016.
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 execut ive 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 98 vessels, with an aggregate capacity of 11. 5 million dwt, consisting of Newcastl emax, Capesize, Kamsarmax, Panamax, Post - Panamax, Ultramax, Supramax and Handymax vessels with carrying capacities between 45,590 dwt and 209,000 dwt. Our fleet currently includes 70 operating vessels and 28 newbuilding vessels under construction at shipya rds in Japan and China. All of the newbuilding vessels are expected to be delivered during 2015 and 2016.
