Star Bulk Announces Addition of New Member to Its Board of Directors

Rhea-AI Summary

Star Bulk (Nasdaq: SBLK) announced on October 3, 2025 the appointment of Mikkel Storm Weum to its Board of Directors as a Class B director. Mr. Weum is an Investment Director at Seatankers Management Norway AS and serves on the board of FLEX LNG (NYSE). The press release states the new director’s affiliations and role but does not disclose compensation, term length beyond "Class B," or direct operational duties.

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ATHENS, Greece, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that Mr. Mikkel Storm Weum was appointed to the Company’s Board of Directors to serve as a Class B director. Mr. Weum is an Investment Director in Seatankers Management Norway AS and also serves on the board of NYSE listed FLEX LNG Ltd.

About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Stamford and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. As of the date of this release on a fully delivered basis and as adjusted for the delivery of a) the vessels agreed to be sold and b) the five firm Kamsarmax vessels currently under construction, we own a fleet of 142 vessels, with an aggregate capacity of 14.2 million dwt consisting of 17 Newcastlemax, 15 Capesize, 1 Mini Capesize, 7 Post Panamax, 42 Kamsarmax, 1 Panamax, 48 Ultramax and 11 Supramax vessels with carrying capacities between 55,569 dwt and 209,537 dwt.

In addition, in November 2021, we took delivery of the Capesize vessel Star Shibumi, under a seven-year charter-in arrangement and in 2024, we took delivery of the vessels Star Voyager, Star Explorer, Stargazer, Star Earendel, Star Illusion and Star Thetis, each subject to a seven-year charter-in arrangement.

Contacts

Company:
Simos Spyrou, Christos Begleris	Investor Relations / Financial Media:
Co ‐ Chief Financial Officers	Nicolas Bornozis
Star Bulk Carriers Corp.	President
c/o Star Bulk Management Inc.	Capital Link, Inc.
40 Ag. Konstantinou Av.	230 Park Avenue, Suite 1540
Maroussi 15124	New York, NY 10169
Athens, Greece	Tel. (212) 661‐7566
Email: info@starbulk.com	E‐mail: starbulk@capitallink.com
www.starbulk.com	www.capitallink.com

FAQ

Who did Star Bulk (SBLK) appoint to its board on October 3, 2025?

Star Bulk appointed Mikkel Storm Weum as a Class B director.

What is Mikkel Storm Weum's current role referenced in the SBLK press release?

He is an Investment Director at Seatankers Management Norway AS.

Does the SBLK announcement state Mikkel Weum's board experience with other public companies?

Yes; the release notes he serves on the board of FLEX LNG (NYSE).

When was the SBLK board appointment of Mikkel Weum announced?

The appointment was announced on October 3, 2025.

Is there information in the release about Mikkel Weum's compensation or term length at SBLK?

No; the press release does not disclose compensation or specific term length beyond the "Class B director" designation.

Will Mikkel Weum's appointment to SBLK's board change the company's operations according to the press release?

The press release does not state any operational changes or direct impacts from the appointment.