* Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter.
** Total commission percentage paid to third parties.
*** In case of newly acquired vessel with time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company.
**** Range of redelivery dates, with the actual date of redelivery being at the Charterers’ option, but subject to the terms, conditions, and exceptions of the particular charterparty.

¹Based on latest information.
²Expected redelivery date from the charterers.
³Expected delivery date to the charterers.
⁴Vessel on scheduled drydocking from December 28, 2021 to January 30, 2022.
⁵Vessel was delivered to the Company on February 16, 2022.
⁶Charterers agreed to compensate the owners, for all the days over and above the new maximum redelivery date (January 13, 2022), with hire rate equal to the average of Baltic Panamax 82 Index 5TC weighted time charter average plus 15% or vessel’s present Charter Party rate, whichever is higher.
⁷Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (April 10, 2022), with hire rate equal to the average of Baltic Panamax Index 5TC weighted time charter average minus 10% or vessel’s present Charter Party rate, whichever is higher.
⁸For two laden legs of maximum duration up to June 30, 2022.
⁹Charter included a one time ballast bonus payment of US$1,000,000.
¹⁰Redelivery date based on an estimated time charter trip duration of about 80-100 days.
¹¹Redelivery date based on an estimated time charter trip duration of about 41 days.
¹²Charterers have agreed to compensate the owners, for all the days over and above the maximum redelivery date (April 15, 2022), with hire rate equal to the average of Baltic Cape Index 5TC weighted time charter average plus 10% or vessel’s present Charter Party rate, whichever is higher.
¹³Currently without an active charterparty. Vessel on scheduled drydocking.
¹⁴Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (March 5, 2022), with hire rate equal to the average of Baltic Cape Index 5TC weighted time charter average plus 23% or vessel’s present Charter Party rate, whichever is higher.
¹⁵Bareboat chartered-in for a period of ten years at US$13,500 per day.
¹⁶Vessel on scheduled drydocking from December 23, 2021 to January 30, 2022.
¹⁷Vessel on scheduled drydocking from March 7, 2022 to April 12, 2022.
¹⁸The charter rate was US$17,750 per day for the first one hundred five (105) days of the charter period.
¹⁹Vessel on scheduled drydocking from February 4, 2022 to March 2, 2022.

For those vessels employed in the spot market and where rates are quoted the Company has calculated the estimated rates under current specific contracted voyages. The Company gives no guarantee that these rates are correct or that the rates are sustainable beyond the duration of the current voyage. The quoted rates are not indications of future earnings and the Company gives no assurance or guarantee of future rates after the current voyage.