Star Bulk Moves to New Executive Offices and Appoints Mr Kleopas as Chief Operating Officer

ATHENS, GREECE, July 6, 2011 - 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 it has moved its executive offices to new premises at 40 Agiou Konstantinou Str, 15124 Maroussi, Greece. All interested parties are kindly requested to update their records accordingly.

Star Bulk also announced the appointment of Mr. Zenon Kleopas as the Company's new Chief Operating Officer. Mr. Kleopas has over 30 years of experience in the shipping industry and served as General Manager of Combine Marine Inc. before joining Star Bulk.

Spyros Capralos, President and CEO of Star Bulk commented: "I am pleased to be welcoming Mr. Kleopas on board the Star Bulk management team.I believe that the addition of his extensive experience and operations management expertise will have a significant contribution to the company not only in maintaining our fleet in the best possible condition, but also in continuing our operating expenses optimization strategy.

"Implementing our intentions to bring operating costs down, we relocated the Company's executive offices to new premises benefiting a reduction of approximate 50% in total rental expenses while still accommodating the Company's current and future growth plans."

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 maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Market under the symbol "SBLK". Currently, Star Bulk has an operating fleet of eleven dry bulk carriers, definitive agreements to build two Capesize vessels and definitive agreements to acquire two Capesize vessels. The total fleet consists of fifteen vessels, seven Capesize, and eight Supramax dry bulk vessels with a combined cargo carrying capacity of 1,626,721 deadweight tons. The average age of our current operating fleet is approximately 11 years.

Star Bulk Carriers Corp. press release