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Blue Star Maritime (BSMD)

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Thursday 18 May, 2006

Blue Star Maritime

NEW BOARD OF DIRECTORS

Blue Star Maritime S.A.
18 May 2006




                                BLUE STAR MARITIME S.A.

                                     ANNOUNCEMENT

                         COMPOSITION OF NEW BOARD OF DIRECTORS





Blue Star Maritime S.A. announces that yesterday, May 17, 2006, its new Board of
Directors has adjourned in body with the following composition:



Charalambos Paschalis - Chairman, Non-executive member

Michael Gialouris - Vice-Chairman, Executive member

Michael Sakellis - Managing Director, Executive member

Spiros Paschalis - Authorized Director, Executive member

Alexander Panagopulos - Director, Executive member

Anthony D. Strintzis - Director, Executive member

Pericles Panagopulos - Director, Executive member

Dimitrios Klados - Director, Independent non-executive member

Emmanouil Kalpadakis - Director, Independent non-executive member.


                               Voula, 18 May 2006



For more information please contact:
Theodoratos Dionissis
Blue Star Maritime S.A.
Tel : (210) 8919820
Fax : (210) 8919829
e - mail:[email protected]




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