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.