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FORM 6-K


SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549


Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934


For the month of December 2007


STAR BULK CARRIERS CORP.

(Translation of registrant's name into English)


Star Bulk Carriers Corp.
Aethrion Center, Suite B-34
40 Ag. Konstantinou
Maroussi 15124
Athens, Greece

(Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual

reports under cover Form 20-F or Form 40-F.


Form 20-F |X| Form 40-F |_|


Indicate by check mark whether the registrant by furnishing the information

contained in this Form is also thereby furnishing the information to the

commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes |_| No |X|

<PAGE>


INFORMATION CONTAINED IN THIS FORM 6-K REPORT


EXHIBIT 1


[sblkpressrelease1252007001.jpg]



STAR BULK ACQUIRES SUPRAMAX VESSEL EXPANDING ITS FLEET TO NINE VESSELS



New York, New York, December 5, 2007— Star Bulk Carriers Corp. (NASDAQ:SBLK), announced today that it has agreed to acquire the vessel E Duckling (to be renamed Star Kappa), for USD 72 million from a company affiliated with our Co-Chairman, Nobu Su. The Star Kappa, a Supramax vessel of 52,055 dwt built in 2001 in Japan, will have a three-year Time Charter employment contract attached at a gross daily rate of USD 47,800 with earliest and latest redelivery of September 23, 2010 and November 23, 2010, respectively.  


Akis Tsirigakis, President and CEO of Star Maritime commented: “We are pleased to announce our first vessel acquisition since the completion of the redomiciliation merger which will expand the fleet to nine vessels. Our low leverage affords us the flexibility to continue to seek growth opportunities in the dry bulk sector as they may arise.”


The following table sets forth summary information regarding Star Bulk’s fleet. Star Bulk expects to complete the delivery of the vessels in its fleet by January 2008.




Vessel Name

Type

DWT

Year Built

Charter

Type

Earliest

Re-delivery (1)

Latest re-delivery

Time Charter rate (2)

Star Alpha

(ex. A Duckling)

Capesize

175,075

1992

TC

Jul 5, 2009

Oct 5, 2009

$47,500

Star Beta

(ex. B Duckling)

Capesize

174,691

1993

TC

Jan 1, 2010

Mar 31, 2010

$106,500

Star Gamma

(ex. C Duckling)

Supramax

53,098

2002


TC

Dec 15, 2008


Jan 25, 2009

$28,500

Star Delta

(ex. F Duckling)

Supramax

52,434

2000


TC

Feb 7, 2009

May 7, 2009

$25,800

Star Epsilon

(ex. G Duckling)

Supramax

52,402

2001

TC

Dec 15, 2008

Mar 15, 2009

$25,550

Star Zeta

(ex. I Duckling)

Supramax

52,994

2003

TC

       Dec 29, 2007

Mar 28,2008

$30,500

Star Theta

(ex. J Duckling)

Supramax

52,425

2003

TC

Apr 16, 2009

Jun 16, 2009

$32,500

Star Iota

(ex. Momy Duckling)

Panamax

78,585

1983

TC

Nov 25, 2008

Jan 15, 2009

$18,000

Star Kappa

(ex E Duckling)

(3)


Supramax


52,055


2001


TC


Sept 23, 2010


Nov 23,  2010


$47,800

Total/Average

 

743,759

 

 

 

 

 


(1)

Represents the earliest redelivery date allowed by the charter party

(2)

Represents the gross daily rate

(3)

Expected delivery within December 2007


About Star Bulk

Star Bulk Carriers Corp. is an international company providing worldwide transportation solutions in the dry bulk sector through its vessels-owning subsidiaries for a broad range of major and minor bulk cargoes including iron ore, coal, grain, cement, fertilizer, along worldwide shipping routes. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and is headquartered in Athens, Greece. Its common stock and warrants trade on the NASDAQ Global Market under the symbols "SBLK" and "SBLKW" respectively. Star Bulk’s fleet currently consists of eight dry bulk carriers, including two Capesize, one Panamax and five Supramax dry bulk carriers with an average age of approximately 10 years and a combined cargo carrying capacity of 691,213 deadweight tons.



Forward-Looking Statements


The information in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding: (1) the delivery and operation of assets of Star Bulk; (2) Star Bulk's future operating or financial results; (3) future, pending or recent acquisitions, business strategy, areas of possible expansion, and expected capital spending or operating expenses; (4) drybulk market trends, including charter rates and factors affecting vessel supply and demand; and (5) other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning.


Such forward looking statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Star Bulk's examination of historical operating trends, data contained in their records and other data available from third parties. Although Star Bulk believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond their control, Star Bulk cannot assure you that Star Bulk will achieve or accomplish these expectations, beliefs or projections. Important factors that could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of a seller to deliver one or more vessels, the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in Star Bulk's operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists. Additional factors that could cause Star Bulk's results to differ materially from those described in the forward-looking statements can be found in Star Bulk's Registration Statement on Form F-1/F-4 and reports on Form 6-K filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and Star Bulk disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.


Company:

Akis Tsirigakis

President and CEO

Star Bulk Carriers Corp.

Aethrion Center, Suite B-34
40 Ag. Konstantinou
Maroussi 15124
Athens, Greece

www.starbulk.com


Investor Relations / Financial Media:

Nicolas Bornozis

President

Capital Link, Inc.

230 Park Avenue, Suite 1536

New York, NY 10169

Tel. (212) 661-7566

E-mail: nbornozis@capitallink.com

www.capitallink.com









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.


                                



STAR BULK CARRIERS CORP.

(Registrant)


Dated December 5, 2007

By:

/s/ PROKOPIOS TSIRIGAKIS

Name: Prokopios Tsirigakis

Title: Chief Executive Officer and President