Fleet Employment

Set forth below is summary information for Star Bulk's fleet

Vessel Name	Type	DWT	Built	Employment ⁽¹⁾	Time charter Rate (Gross)⁽²⁾	Charterer
CURRENT FLEET
Star Aurora	Capesize	171,199	1999	TC until Jul-'13	$27,500	Rio Tinto
Star Big	Capesize	168,404	1996	TC until Nov-'15	$25,000	Major Mining Company
Star Borealis	Capesize	179,678	2011	TC until Jul-'21	$24,750	STX Panocean
Star Mega	Capesize	170,631	1994	TC until Aug-'14	$24,500	Major Mining Company
Star Polaris	Capesize	179,546	2011	TC until Oct-13	$16,500	Louis Dreyfus
Star Sigma	Capesize	184,403	1991	Voyage Charter	$28.5/ton	Major Cape Operator
Star Ypsilon	Capesize	150,940	1991	TC until Jan-'12	$17,000	STX Pan Ocean
Star Cosmo	Supramax	52,247	2005	TC until Mar-'12	$16,500	SK Shipping
Star Delta	Supramax	52,434	2000	TC until Apr-'12	$11,000	Louis Dreyfus
Star Epsilon	Supramax	52,402	2001	TC until Feb-'12	$5,300	Nasbulk
Star Gamma	Supramax	53,098	2002	TC until Jul-'13	$14,050	Cargill
Star Kappa	Supramax	52,055	2001	TC until Oct-'12	$12,500	Pacific Basin
Star Omicron	Supramax	53,489	2005	Voyage Charter	$29.5/ton	MS Steel Intl
Star Theta	Supramax	52,425	2003	TC until Sep-'12	$14,100	Cargill
Star Zeta	Supramax	52,994	2003	TC until Mar-'12	$11,000	Louis Dreyfus
Total	15	1,625,945

(1) Time charters (TC) of 1 year duration or longer, normally allow ± 1.5 months' window for redelivery at charterers' option. Charterers have the option to adjust the charter duration by the number of off-hire days during the charter period. Dates represent the earliest date of redelivery of the vessel to Star Bulk.
(2) Represents the gross daily rate.