Star Bulk Carriers Corp. announced that it has closed the previously announced acquisition of 15 operating dry bulk vessels from Songa Bulk ASA (Songa) for an aggregate of 13.725 million common shares of Star Bulk and $145.0 million in cash. Following the closing of the Vessel Purchase Transaction, Mr. Arne Blystad will be appointed to the Board of Directors of Star Bulk as Class C Director and Mr. Herman Billung will join the management team of Star Bulk as Senior Vice President and Songa is expected to distribute the Consideration Shares to its shareholders.