STAR BULK ANNOUNCES A 3-YEAR TIME CHARTER FOR ITS NEWEST SUPRAMAX VESSEL STAR OMICRON

Athens, Greece. April 11, 2008 - Star Bulk Carriers Corp. (NASDAQ:SBLK), announced today that the vessel Star Omicron has been committed to a three-year time charter agreement at a gross daily rate of USD 43,000. The Star Omicron (ex Nord Wave) will be delivered to Star Bulk within April 2008 and the three-year time charter will commence at the time of the vessel's delivery to Star Bulk. Star Omicron is a 2005-built Supramax vessel of 53,489 dwt built in Japan.

Akis Tsirigakis, President and CEO of Star Bulk commented: " We are pleased to see a healthy demand for period charters enabling the implementation of our chartering strategy. The contracted time-charter employment coverage for the Star Bulk fleet has now reached 100% for 2008, 71% for 2009 and 43% for 2010 representing one of the highest vessel employment coverage rates in the dry bulk sector. Our visibility of contracted results, secure dividend, healthy balance sheet and high margins are all the parameters for a fundamentals-focused person to make a strong case in an asset-heavy industry like ours."

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 such as bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and is headquartered in Athens, Greece. Its common stock and warrants trade on the NASDAQ Global Market under the symbols "SBLK" and "SBLKW" respectively. Currently, Star Bulk has an operating fleet of nine dry bulk carriers, plus definitive agreement to acquire two further dry bulk carriers. The total fleet consists of three Capesize, one Panamax and seven Supramax dry bulk vessels with an average age of approximately 10 years and a combined cargo carrying capacity of 981,648 deadweight tons.

Star Bulk Carriers Corp.