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

  View:  Fleet Pictures

Vessel Name	Type	DWT	Built	Employment (1)	Time charter Rate(Gross)(2)	Charterer
Star Sigma	Capesize	184,403	1991	TC until Nov-13	$38,000(3)	Pacific Bulk
Star Ypsilon	Capesize	150,940	1991	TC until Apr-11(4)	$22,350	Augustea
Star Gamma	Supramax	53,098	2002	TC until Jan-12	$38,000	Korea Line
Star Delta	Supramax	52,434	2000	TC until Mar - 12	$14,000	GMI
Star Epsilon	Supramax	52,402	2001	TC until Nov-10	$16,000	Cargill
Star Zeta	Supramax	52,994	2003	TC until Apr-11	$42,500	Norden
Star Theta	Supramax	52,425	2003	TC until Oct-11	$19,000	Cargill
Star Kappa	Supramax	52,055	2001	TC until Nov-11	$14,500	Cargill
Star Omicron	Supramax	53,489	2005	TC until Feb-11	$43,000	GMI
Star Cosmo	Supramax	52,247	2005	TC until Feb-11	$35,615	Korea Line
Vessel to be acquired
Star Aurora(5)	Capesize	171,199	2000	N/A	$27,500	Rio Tinto
Total	11	927,686

NewBuildings

Vessel Name	Type	DWT	Delivery Date
Star Bulk TBN(6)	Capesize	180,000	Sept-2011
Star Bulk TBN(7)	Capesize	180,000	Nov-2011

(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.
(3) Time charter agreement includes a 50%-50% index-based profit sharing arrangement under which Star Bulk will be paid by the charterers, in addition to the above charterhire, 50% of the difference by which the Baltic Capesize Index (BCI) rate exceeds $49,000 effective as of March 1, 2012.
(4) During the time period, Augustea will execute the next four cargoes out of a total of seven remaining cargoes for Star Ypsilon that has currently been serving under the Brazil's Companhia Vale do Rio Doce COA.
(5) On February 18, 2010 the Company has entered into a definitive agreement to purchase a Capesize vessel of approximately 171,000 dwt, built in 2000 in Japan, for approximately $42.5 million from a third party with expected delivery in the fourth quarter 2010. On March 18, 2010 the Company has also entered into a time charter agreement with Rio Tinto for a period of about 3 years at a gross daily rate of $27,500.
(6) On March 24, 2010 the Company signed a contract with shipbuilder Hanjin to build a capesize vessel with expected delivery in September 2011. The Company has also entered into a 10 year time charter agreement for the vessel with STX Panocean at a gross daily hire of $24,750.
(7) On April 6, 2010 the Company signed a contract with ship-builder Hanjin to build a Capesize vessel with expected delivery in November 2011.