Star Bulk to sell Capesize for $ 37 mln

Star Bulk Carriers Corp. a global shipping company providing transportation solutions in the dry bulk sector, today announced that the Company has entered into an agreement to sell ex yard a newbuilding resale Capesize vessel under construction in Japan to unaffiliated third parties (the “Buyers”), for $37 million.

The Vessel is expected to be delivered to the Buyers by the end of January 2016. The Company intends to use a portion of the net
proceeds from the sale of the Vessel for the remaining delivery installment related to the Vessel and use the remainder for general corporate purposes, including capital expenditures.