Star Bulk Receives Third Vessel

Star Bulk Carriers Corp. has taken delivery of the M/V Star Kappa (ex E Duckling), a 52,055-dwt Supramax vessel built in 2001 in Japan. Star Kappa is an addition to the initial fleet, was acquired for $72m and is the third vessel to be delivered to the company following the completion of the Redomiciliation Merger. Star Kappa has a Time Charter employment contract at a gross daily rate of USD 47,800 with earliest expiration date of September 23, 2010.