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Blue Star Maritime (BSMD)

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Friday 23 February, 2007

Blue Star Maritime

Conference Call for Analysts

Blue Star Maritime S.A.
22 February 2007


           Conference call for analysts on the full year 2006 results
                           of Blue Star Maritime S.A.

In accordance with article 292 par. 4 of the Regulation of the Athens Exchange,
Blue Star Maritime S.A., announces that a conference call took place today,
Thursday 22nd February, 2007 at 17.00, hosted by the Group's management,
presenting to the investment community the full year 2006 results of the Group.

In the course of the conference call, the key financial data of the Group's
balance sheet and financial results were presented, and reference was made to
the improvement of operational profitability despite the increase in the price
of fuel oil, the fare liberalization on the major routes of the Greek domestic
market as of May 2006, as well as the redeployment of vessel Blue Star 1 to the
Scotland-Belgium route as of 29th January 2007.

2007 is expected to be a promising year as far as incoming tourism for Greece is
concerned. In this respect, the Group will apply a flexible pricing policy
aiming to extend the high season and increase its volumes. Furthermore, the full
year operation of vessel Diagoras in tandem with the decrease in the operational
expenses following the downward trend observed in the price of fuel oil in
recent months are the main factors that will lead to Group's further development
for the year 2007.

                            Voula, 22 February 2007

For more information please contact:

Mr. Dionissis Theodoratos
Tel.: +30 210 891 9820
Fax: +30 210 891 9829
e-mail: [email protected]

                      This information is provided by RNS
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