d962678_6-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF
THE SECURITIES EXCHANGE ACT OF 1934
For the
month of February 2009
Commission
File Number: 001-33869
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Star
Bulk Carriers Corp.
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(Translation
of registrant’s name into English)
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7,
Fragoklisias Street, 2nd
floor, Maroussi 151 25, Athens, Greece
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(Address
of principal executive office)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
[X] Form 40-F
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ___
Note: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ___
Note: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant’s
“home country”), or under the rules of the home country exchange on which the
registrant’s securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrant’s security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on
EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
hereto as Exhibit 1 is an update with respect to recent developments in the
business of Star Bulk Carriers Corp. (the “Company”).
This
Report on Form 6-K is hereby incorporated by reference into the Company’s
registration statement on Form F-3 (File No. 333-153304) filed with the U.S.
Securities and Exchange Commission on September 2, 2008, as
amended.
The
Company entered into its first contract of affreightment, or COA, with Companhia
Vale do Rio Doce. The contract calls for transporting approximately 700,000
tonnes of iron ore between Brazil and China in four Capesize vessel shipments
with the first such shipment scheduled to commence during the first quarter of
2009.
On
February 5, 2009 the Company committed the Star Alpha to the first
shipment under the COA referenced above to transport iron ore between Brazil and
China. The Star Alpha
was redelivered to the Company by its previous charterers approximately one
month earlier than the earliest date allowed under the charterparty, after
having completed repairs of 25 days duration. Arbitrators' proceedings have
commenced pursuant to disputes that have arisen with such previous charterers of
the Star Alpha relating
to vessel performance characteristics and hire. The Company has notified the
charterers that it will seek additional damages in connection with the early
redelivery in the current arbitration.
On
January 27, 2009, the Star
Gamma commenced a three year time charter at a gross daily average rate
of $38,000.
On
January 28 2009, the Star
Epsilon commenced a five year time charter at a gross daily rate of
$32,400.
On
February 2, 2009, the Company entered into a one year time charter agreement for
the Star Delta at a
gross daily rate of $11,250. This vessel is expected to be delivered
to the new charterer by mid-February 2009.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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Star
Bulk Carriers Corp.
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Dated: February
9, 2009
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By:
/s/ Prokopios
Tsirigakis
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Name: Prokopios
Tsirigakis
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Title: Chief
Executive Officer and
President
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SK 25767 0001 962678
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