STAR BULK TAKES DELIVERY OF CAPESIZE VESSEL STAR SIGMA AND EXPANDS ITS OPERATIONAL FLEET TO TEN VESSELS

Athens, Greece, April 15, 2008 - Star Bulk Carriers Corp. (NASDAQ:SBLK) announced today that it has taken delivery of the Star Sigma, a Japanese built Capesize vessel of 184,400 dwt built in 1991. On delivery, Star Sigma has also commenced her one-year time charter employment at a gross daily rate of USD 100,000 followed by a three-year time charter employment at an average gross daily rate of USD 63,000.

Star Bulk's fleet consists of eleven dry bulk vessels including three Capesize, one Panamax and seven Supramax vessels. As of today, the company's operational fleet is ten vessels consisting of three Capesize, one Panamax and six Supramax vessels. The eleventh vessel, a Supramax, is scheduled for delivery later this month.

Akis Tsirigakis, President and CEO of Star Bulk commented: "We are excited to have bought the Star Sigma for under $84 million and having sourced time-charter employment for four years that will generate over $103 million in gross revenue. Our fleet is now contracted 100% for 2008 and 71% for 2009, providing visible long-term earnings, locked-in outstanding margins and secure dividends."

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 ten dry bulk carriers, plus definitive agreement to acquire one further dry bulk carrier. 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.