Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, announced that it has entered into a binding agreement to sell for demolition the M/V Star Julia , a 70,100dwt Panamax vessel, built in 1994, to an unaffiliated third party , at a profit over net book value.

The Company expects to deliver the vessel to the buyers by early February 2015 .

Star Julia was acquired from Excel Maritime Carriers Ltd. under an "en bloc" transaction of 34 vessels on August 19, 2014 .

This transaction is in line with the Company's strategy to opportunistically divest assets that do not fit the profile of its fleet and further solidify its balance sheet.