Two Newbuilds Delivered to Star Bulk

Maritime Activity Reports, Inc.

March 3, 2015

Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co. (NACKS).

The new vessels are the first two of four similar vessels ordered at NACKS, which are all built with modern specifications for low fuel consumption and reduced carbon emissions, Star Bulk said.

Following the delivery of the vessels, the shipping company owns 66 dry bulk vessels on the water with a total carrying capacity of 6.8 million dwt, consisting of 19 Capesize, four Post-Panamax, 19 Kamsarmax, nine Panamax, four Ultramax, 10 Supramax vessels and one Handymax vessel.

Star Bulk has also entered into definitive contracts for the construction of additionally 32 vessels at shipyards in Japan and China, including 13 Newcastlemax, seven Capesize and 12 Ultramax vessels with fuel-efficient specifications with expected deliveries in 2015 and 2016.

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