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Star Bulk Announces Incident Involving STAR

POLARIS Near Dangjin Port, South Korea

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Star Bulk Carriers Corp. on Friday announced that the STAR POLARIS sustained main engine failure

while sailing from the port Dangjin, South Korea.

The Vessel is currently docked in South Korea where it is undergoing repairs. The Company expects

these repairs to be completed in approximately four months. As a result, the Vessel has been

declared off hire by its charterers. Subject to the completion of an investigation into the cause of the

engine failure, the Company will seek to recover the cost of the repairs and damages related to the

Vessel being off hire under the Warranty of Quality provided by the shipyard where the Vessel was

constructed and the Companys Hull and Machinery insurance policy, if applicable.

Source: Star Bulk, July 23, 2012

Posted on July 23, 2012 with tags 'Star Polaris', Announces, asia, Dangjin Port, Incident, Involving,

News by topic, South Korea, Star Bulk.

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