Filing Details

CUSIP NO.  Y8162K121

 

1.

Names of Reporting Persons

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  

[   ]

b.  

[X]

3.

SEC Use Only

4.

Citizenship or Place of Organization

 

5.

Sole Voting Power

Number of

Shares

 

0

Beneficially

Owned By

Each

6.

Shared Voting Power

900,000

Reporting

Person

With

7.

Sole Dispositive Power

0

 

8.

Shared Dispositive Power

 

 

900,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

10.

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.

Percent of Class Represented By Amount in Row (9)

12.

Type of Reporting Person (See Instructions)

CUSIP NO.  Y8162K121

 

1.

Names of Reporting Persons

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  

[   ]

b.  

[X]

3.

SEC Use Only

4.

Citizenship or Place of Organization

 

5.

Sole Voting Power

Number of

Shares

 

0

Beneficially

Owned By

Each

6.

Shared Voting Power

900,000

Reporting

Person

With

7.

Sole Dispositive Power

0

 

8.

Shared Dispositive Power

 

 

900,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

10.

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.

Percent of Class Represented By Amount in Row (9)

12.

Type of Reporting Person (See Instructions)

CUSIP NO.  Y8162K121

 

1.

Names of Reporting Persons

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  

[   ]

b.  

[X]

3.

SEC Use Only

4.

Citizenship or Place of Organization

 

5.

Sole Voting Power

Number of

Shares

 

0

Beneficially

Owned By

Each

6.

Shared Voting Power

900,000

Reporting

Person

With

7.

Sole Dispositive Power

0

 

8.

Shared Dispositive Power

 

 

900,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

10.

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.

Percent of Class Represented By Amount in Row (9)

12.

Type of Reporting Person (See Instructions)

CUSIP NO.  Y8162K121

 

1.

Names of Reporting Persons

2.

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  

[   ]

b.  

[X]

3.

SEC Use Only

4.

Citizenship or Place of Organization

 

5.

Sole Voting Power

Number of

Shares

 

0

Beneficially

Owned By

Each

6.

Shared Voting Power

900,000

Reporting

Person

With

7.

Sole Dispositive Power

0

 

8.

Shared Dispositive Power

 

 

900,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

10.

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.

Percent of Class Represented By Amount in Row (9)

12.

Type of Reporting Person (See Instructions)

CUSIP NO.  Y8162K121

 

Item 1(a).

Name of Issuer:

 

 

 

Star Bulk Carriers Corp. (the "Issuer").

 

 

Item 1(b).

Address of the Issuer's Principal Executive Offices:

 

 

 

c/o Star Bulk Management Inc.

 

40 Agiou Konstantinou Street,

 

15124 Maroussi,

 

Athens, Greece

 

 

Item 2(a).

Name of Person Filing

 

 

 

The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

i)  

Caspian Capital LP (“Caspian Capital”);

ii)  

Caspian Capital GP LLC (“Caspian GP”).

iii)  

Adam Cohen; and

iv)  

David Corleto.

 

This statement relates to Shares (as defined below) held for the accounts of Caspian Select Credit Master Fund, Ltd. (“Caspian Select”), Caspian Solitude Master Fund, L.P. (“Caspian Solitude”), and certain other funds for which Caspian Capital provides investment management or investment advice (the “Other Accounts” and together with Caspian Select and Caspian Solitude, collectively the “Accounts”).  Caspian Capital serves as the investment adviser for the Accounts.  Caspian GP is the general partner of Caspian Capital and Caspian GP is controlled by Adam Cohen and David Corleto.

Item 2(b).

Address of Principal Business Office or, if None, Residence:

 

 

 

The address of the principal business office of each of the Reporting Persons is 767 Fifth Avenue, 45th Floor, New York, New York 10153.

Item 2(c).

Citizenship:

i)  

Caspian Capital is a Delaware limited partnership;

ii)  

Caspian GP is a Delaware limited liability company;

iii)  

Adam Cohen is a United States citizen; and

iv)  

David Corleto is a United States citizen.

Item 2(d).

Title of Class of Securities:

 

 

Common Stock, par value $0.01 per share (“Shares”).

CUSIP NO.  Y8162K121

 

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

 

This Item 3 is not applicable.

 

 

Item 4.

Ownership:

 

 

Item 4(a).

Amount Beneficially Owned:

 

 

 

As of December 31, 2017, each of the Reporting Persons may be deemed to be the beneficial owner of the following number of Shares:

 

 

 

The Reporting Persons may be deemed to be the beneficial owner of 900,000 Shares.  This number consists of (1) 726,505 Shares held for the account of Caspian Select, (2) 32,287 Shares held for the account of Caspian Solitude, and (3) 141,208 Shares held for the accounts of the Other Accounts.

 

 

 

 

Item 4(b).

Percent of Class:

 

 

 

The number of Shares of which the Reporting Persons may be deemed to beneficially own constitutes approximately 1.4% of the total number of Shares outstanding.

 

 

Item 4(c).

Number of shares as to which such person has:

 

 

 

 

(i)

Sole power to vote or direct the vote

0

 

(ii)

Shared power to vote or to direct the vote

900,000

 

(iii)

Sole power to dispose or to direct the disposition of

0

 

(iv)

Shared power to dispose or to direct the disposition of

900,000

 

 

(i)

Sole power to vote or direct the vote

0

 

(ii)

Shared power to vote or to direct the vote

900,000

 

(iii)

Sole power to dispose or to direct the disposition of

0

 

(iv)

Shared power to dispose or to direct the disposition of

900,000

 

 

(i)

Sole power to vote or direct the vote

0

 

(ii)

Shared power to vote or to direct the vote

900,000

 

(iii)

Sole power to dispose or to direct the disposition of

0

 

(iv)

Shared power to dispose or to direct the disposition of

900,000

 

 

(i)

Sole power to vote or direct the vote

0

 

(ii)

Shared power to vote or to direct the vote

900,000

 

(iii)

Sole power to dispose or to direct the disposition of

0

 

(iv)

Shared power to dispose or to direct the disposition of

900,000

CUSIP NO.  Y8162K121

 

Item 5.

Ownership of Five Percent or Less of a Class:

 

 

 

If this statement is being filed to report the fact that as of the date hereof any of the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X].

 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

 

 

 

The limited partners of (or investors in) the Accounts for which Caspian Capital acts as investment adviser have the right to participate in the receipt of dividends from, and proceeds from the sale of, the Shares held for the accounts of such Accounts in accordance with their respective limited partnership interest (or investment percentages) in such Accounts.

 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:

 

 

 

This Item 7 is not applicable.

 

 

Item 8.

Identification and Classification of Members of the Group:

 

 

 

This Item 8 is not applicable.

 

 

Item 9.

Notice of Dissolution of Group:

 

 

 

This Item 9 is not applicable.

 

 

Item 10.

Certification:

 

By signing below each of the Reporting Persons certifies that, to the best of such person's knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP NO.  Y8162K121

 

Date:  January 29, 2018

CASPIAN CAPITAL LP

 

 

 

 

 

By:

 

 

 

Name: Adele Kittredge Murray

 

 

 

Title: Authorized Signatory

 

 

 

 

 

Date:  January 29, 2018

CASPIAN CAPITAL GP LLC

 

 

 

 

 

By:

 

 

 

Name: Adele Kittredge Murray

 

 

 

Title: Authorized Signatory

 

 

 

 

 

Date:  January 29, 2018

 

 

DAVID CORLETO