Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
RAMIUS CAPITAL GROUP LLC
  2. Issuer Name and Ticker or Trading Symbol
Star Bulk Carriers Corp. [SBLK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
666 THIRD AVENUE, 26TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
01/17/2008
(Street)

NEW YORK, NY 10017
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value 01/17/2008   S   5,000 D $ 9.6594 2,880,580 I See Footnotes (1) (2) (3) (4)
Common Stock, $.01 par value 02/01/2008   S   10,000 D $ 11.4212 2,870,580 I See Footnotes (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to buy) $ 8 02/01/2008   S     10,000 11/30/2007 12/16/2009 Common Stock, $.01 par value 10,000 $ 3.5 2,223,400 I See Footnotes (5) (6) (7) (8) (9)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RAMIUS CAPITAL GROUP LLC
666 THIRD AVENUE
26TH FLOOR
NEW YORK, NY 10017
    X    
COHEN PETER A
C/O RAMIUS CAPITAL GROUP, L.L.C.
666 THIRD AVENUE, 26TH FLOOR
NEW YORK, NY 10017
    X   See Explanation of Responses
STARK MORGAN B
C/O RAMIUS CAPITAL GROUP, L.L.C.
666THIRD AVENUE, 26TH FLOOR
NEW YORK, NY 10017
    X   See Explanation of Responses
STRAUSS THOMAS W
C/O RAMIUS CAPITAL GROUP, L.L.C.
666 THIRD AVENUE, 26TH FLOOR
NEW YORK, NY 10017
    X   See Explanation of Responses
SOLOMON JEFFREY M
C/O RAMIUS CAPITAL GROUP, L.L.C.
666 THIRD AVENUE, 26 FLOOR
NEW YORK, NY 10017
    X   See Explanation of Responses
C4S & CO LLC
C/O RAMIUS CAPITAL GROUP, L.L.C.
666 THIRD AVENUE, 26TH FLOOR
NEW YORK, NY 10017
    X   See Explanation of Responses

Signatures

 By: Ramius Capital Group, L.L.C.; By /s/ Owen S. Littman, Authorized Signatory   02/06/2008
**Signature of Reporting Person Date

 By: /s/ Owen S. Littman, as Attorney in Fact for Peter A. Cohen   02/06/2008
**Signature of Reporting Person Date

 By: /s/ Owen S. Littman, as Attorney in Fact for Morgan B. Stark   02/06/2008
**Signature of Reporting Person Date

 By: /s/ Owen S. Littman, as Attorney in Fact for Thomas W. Strauss   02/06/2008
**Signature of Reporting Person Date

 By: /s/ Owen S. Littman, as Attorney in Fact for Jeffrey M. Solomon   02/06/2008
**Signature of Reporting Person Date

 By: C4S & Co., L.L.C., By: /s/ Owen S. Littman, as Attorney in Fact for Jeffrey M. Solomon, as Managing Member   02/06/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) RCG Carpathia Master Fund, Ltd (Carpathia), RCG Crimson, LP (Crimson), RCG Baldwin, L.P. (Baldwin), and Ramius Secutities, L.L.C. (Ramius Securities) beneficially own 1,727,070, 25,000, 579,865 and 505,865 shares of Common Stock, respectively. As the general partner of Baldwin, Ramius Advisors, LLC (Ramius Advisors) may be deemed to beneficially own the 579,865 shares of Common Stock owned by Baldwin. As the investment advisor of Carpathia, the general partner of Crimson and the sole member of each of Ramius Securities and Ramius Advisors, Ramius Capital Group, L.L.C. (Ramius) may be deemed to beneficially own the 1,727,070, 40,000, 579,865 and 505,865 shares of Common Stock owned by Carpathia, Crimson, Baldwin, and Ramius Securities, respectively.
(2) (continuation of previous footnote) As the managing member of Ramius, C4S & Co., L.L.C. (C4S) may be deemed to beneficially own the 1,727,070, 25,000, 579,865 and 505,865 shares of Common Stock owned by Carpathia, Crimson, Baldwin, and Ramius Securities, respectively. As the managing members of C4S each of Peter A. Cohen, Morgan B. Stark, Jeffrey M. Solomon and Thomas W. Strauss may be deemed to beneficially own the 1,727,070, 25,000, 579,865 and 505,865 shares of Common Stock owned by Carpathia, Crimson, Baldwin, and Ramius Securities, respectively.
(3) (continuation of previous footnote) Mr. Cohen beneficially owns 32,780 shares of Common Stock, 12,500 shares of which are owned by him individually and 20,280 shares of which are held in managed accounts over which he has voting and/or dispositive power.
(4) Each Reporting Person disclaims beneficial ownership of the Common Stock except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of the Common Stock for purposes of Section 16 or for any other purpose.
(5) Crimson, Baldwin, and Ramius Securities beneficially own 100,000, 425,000 and 1,661,700 warrants convertible into Common Stock at a ratio of one warrant for one share of Common Stock (the Warrants), respectively. As the general partner of Baldwin, Ramius Advisors may be deemed to beneficially own the own the 425,000 Warrants owned by Baldwin. As the investment advisor of Carpathia, the general partner of Crimson and the sole member of each of Ramius Securities and Ramius Advisors, Ramius may be deemed to beneficially own the 110,000, 425,000 and 1,661,700 Warrants owned by Crimson, Baldwin, and Ramius Securities, respectively.
(6) (continuation of previous footnote) As the managing member of Ramius, C4S may be deemed to beneficially own the 100,000, 425,000 and 1,661,700 Warrants owned by Crimson, Baldwin, and Ramius Securities, respectively. As the managing members of C4S each of Messrs. Cohen, Stark, Solomon and Strauss may be deemed to beneficially own the 100,000, 425,000 and 1,661,700 Warrants owned by Crimson, Baldwin, and Ramius Securities, respectively.
(7) (continuation of previous footnote) Mr. Cohen beneficially owns 30,700 Warrants, 10,000 of which are owned by him individually and 20,700 of which are held in managed accounts over which he has voting and/or dispositive power.
(8) (continuation of previous footnote) Mr. Solomon beneficially owns 6,000 Warrants, 1,000 of which are owned by him individually and 5,000 of which are held in managed accounts over which he has voting and/or dispositive power.
(9) Each Reporting Person disclaims beneficial ownership of the Warrants except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of the Warrants for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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