STAR BULK
Declares a cash dividend of USD 0.36 per common share

NOV, 17.2008

The Greek Star Bulk Carriers Corp., listed on Nasdaq, (Akis Tsirigakis, President and CEO), announced that its Board of Directors declared a cash and stock dividend on its common stock totalling USD 0.36 per common share for the quarter ended September 30, 2008, which will be payable on or about December 1, 2008 to stockholders of record on November 28, 2008.

Star Bulk Carriers Corp. is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector, carrying iron ore, coal, grain, bauxite, fertilizers and steel products. Star Bulk which is incorporated in the Marshall Islands and is headquartered in Athens, has an operating fleet of 12 dry bulk carriers. The total fleet consists of 4 Capesize and 8 Supramax dry bulk vessels with a combined cargo carrying capacity of 1,106,250 dwt.