Fleet Employment Table

Q1 2023 Fleet Employment (As of January 27, 2023)

VESSEL
BUILT DWT
SISTER SHIPS* GROSS RATE (USD PER DAY) COM** CHARTERERS DELIVERY DATE TO CHARTERERS*** REDELIVERY DATE TO OWNERS**** NOTES
9 Ultramax Bulk Carriers
1 DSI Phoenix
2017 60,456
A 13,250 5.00% ASL Bulk Marine Limited 4/Nov/2022 4/Mar/2024 - 4/May/2024
2 DSI Pollux
2015 60,446
A 17,000 5.00% Delta Corp Shipping Pte. Ltd. 27/Oct/2022 27/Dec/2023 - 27/Feb/2024
3 DSI Pyxis
2018 60,362
A 17,100 4.75% Cargill Ocean Transportation Singapore Pte. Ltd. 16/Oct/2022 16/Aug/2023 - 16/Oct/2023
4 DSI Polaris
2018 60,404
A 13,100 5.00% ASL Bulk Marine Limited 12/Nov/2022 12/May/2024 - 12/Jul/2024
5 DSI Pegasus
2015 60,508
A 14,000 5.00% Reachy Shipping (SGP) Pte. Ltd. 07/Dec/2022 15/Jul/2024 - 15/Sep/2024
6 STH KURE (tbr. DSI Aquarius)
2016 60,309
B - - - - - 1
7 DSI Aquila
2015 60,309
B 13,300 5.00% Western Bulk Carriers AS 22/Nov/2022 15/Sep/2023 - 15/Nov/2023
8 DSI Altair
2016 60,309
B 14,400 5.00% Western Bulk Pte. Ltd. 28/Dec/2022 25/Jun/2023 - 25/Aug/2023
9 DSI Andromeda
2016 60,309
B 14,250 5.00% Western Bulk Carriers AS 17/Nov/2022 16/Oct/2023 - 16/Dec/2023 2, 3
8 Panamax Bulk Carriers
10 MELIA
2005 76,225
15,000

14,000

8,500

11,000
5.00%

5.00%

5.00%

5.00%



Oriental Pal Shipping Pte., Ltd.


Asahi Shipping Co., Ltd.
26/Sep/2022

21/Oct/2022

21/Nov/2022

10/Dec/2022
21/Oct/2022

21/Nov/2022

9/Dec/2022

3/Feb/2023






4,5
11 ARTEMIS
2006 76,942
21,250 4.75% Cargill International S.A., Geneva 21/Mar/2022 20/Jun/2023 -20/Aug/2023
12 LETO
2010 81,297
25,500

14,500
4.75%

4.75%
Aquavita International S.A.

Cargill International S.A., Geneva
3/Oct/2021

29/Jan/2023
29/Jan/2023

1/Mar/2024 - 30/Apr/2024
6, 7

8
13 SELINA
2010 75,700
C 22,000 5.00% Speed Logistics Marine Limited 18/Jun/2022 15/Apr/2023 - 20/Jun/2023
14 MAERA
2013 75,403
C 26,000

14,250

12,000
5.00%

5.00%

4.75%
ASL Bulk Shipping HK Limited

Oriental Pal Shipping Pte., Ltd.

Cargill International S.A., Geneva
18/Sep/2021

15/Oct/2022

16/Dec/2022
14/Oct/2022

12/Nov/2022

28/Oct/2023 - 28/Dec/2023

9
15 ISMENE
2013 77,901
18,500

14,000
4.75%

5.00%
Cargill International S.A., Geneva

ST Shipping and Transport Pte. Ltd.
23/Nov/2021

10/Jan/2023
10/Jan/2023

20/Aug/2023 - 10/Oct/2023


16 CRYSTALIA
2014 77,525
D 26,100

12,500
5.00%

5.00%
Uniper Global Commodities SE, Dusseldorf

Reachy Shipping (SGP) Pte. Ltd.
21/Sep/2021

12/Nov/2022
12/Nov/2022

1/Sep/2023 - 15/Oct/2023
17 ATALANDI
2014 77,529
D 24,500

13,250
4.75%

4.75%

Aquavita International S.A.
5/Oct/2021

15/Feb/2023
15/Feb/2023

5/Mar/2024 - 5/May/2024


10
6 Kamsarmax Bulk Carriers
18 MAIA
2009 82,193
E 25,000 5.00% Hyundai Glovis Co. Ltd. 24/May/2022 20/Sep/2023 -20/Nov/2023 11
19 MYRSINI
2010 82,117
E 22,000

15,000
4.75%

5.00%
Cargill International S.A., Geneva

Salanc Pte. Ltd.
15/Nov/2021

22/Nov/2022
22/Nov/2022

20/Apr/2024 - 28/Jun/2024
12

20 MEDUSA
2010 82,194
E 26,000 4.75% Cargill International S.A., Geneva 9/Mar/2022 15/May/2023 - 15/Jul/2023

21 MYRTO
2013 82,131
E 18,000 5.00% Tata NYK Shipping Pte. Ltd. 03/Aug/2022 15/Jul/2023 - 15/Sep/2023 13
22 ASTARTE
2013 81,513
21,500 5.00% Tongli Shipping Pte. Ltd. 30/Jan/2022 15/Apr/2023 - 15/Jun/2023
23 LEONIDAS P. C.
2011 82,165
24,500 4.75% Cargill International S.A., Geneva 18/Feb/2022 1/Mar/2023 - 30/Apr/2023
5 Post-Panamax Bulk Carriers
24 ALCMENE
2010 93,193
17,100

13,000
5.00%

5.00%

SwissMarine Pte. Ltd., Singapore
25/Nov/2021

2/Jan/2023
2/Jan/2023

10/Jan/2024 - 25/Mar/2024


25 AMPHITRITE
2012 98,697
F 27,000

14,250
5.00%

5.00%
BG Shipping Co., Limited, Hong Kong

Cobelfret S.A.
13/Sep/2021

9/Nov/2022
9/Nov/2022

1/Dec/2023 - 15/Feb/2024
26 POLYMNIA
2012 98,704
F 24,750


15,000
5.00%


5.00%


CLdN Cobelfret SA, Luxembourg
4/Feb/2022


14/Jan/2023
14/Jan/2023

1/Apr/2024 - 31/May/2024



14
27 ELECTRA
2013 87,150
G 17,500 5.00% Refined Success Limited 2/Jul/2022 1/Apr/2023 - 30/May/2023
28 PHAIDRA
2013 87,146
G 11,250

25,000
5.00%

5.00%
Element Maritime S.A.

Comerge Shipping Co., Limited
20/Sep/2022

24/Nov/2022
19/Nov/2022

30/Jan/2023
15

16, 17
11 Capesize Bulk Carriers
29 ALIKI
2005 180,235
24,500 5.00% Koch Shipping Pte. Ltd., Singapore 21/Feb/2022 2/Feb/2023 - 15/Feb/2023 18, 5
30 SEMIRIO

2007 174,261
H 19,700 5.00% C Transport Maritime Ltd., Bermuda 15/Dec/2021 15/Aug/2023 - 15/Nov/2023
31 BOSTON
2007 177,828
H 20,500 5.00% Aquavita International S.A. 15/Jul/2022 1/Apr/2023 - 31/May/2023
32 HOUSTON
2009 177,729
H 27,000

13,000
5.00%

5.00%
Koch Shipping Pte. Ltd., Singapore

EGPN Bulk Carrier Co., Limited
30/Aug/2021

21/Nov/2022
21/Nov/2022

1/Jul/2024 - 31/Aug/2024
19
33 NEW YORK
2010 177,773
H 14,000

23,000
5.00%

5.00%
EGPN Bulk Carrier Co., Limited, Hong Kong

C Transport Maritime Ltd., Bermuda
29/Dec/2020

2/Jul/2022
2/Jul/2022

10/Jun/2023 - 25/Aug/2023
34 SEATTLE
2011 179,362
I 26,500 5.00% Solebay Shipping Cape Company Limited, Hong Kong 2/Mar/2022 1/Oct/2023 - 15/Dec/2023
35 P. S. PALIOS
2013 179,134
I 31,000 5.00% Classic Maritime Inc. 11/Jun/2022 15/Apr/2024 - 30/Jun/2024
36 G. P. ZAFIRAKIS

2014 179,492
J 22,750

17,000
4.75%

5.00%
Cargill International S.A., Geneva

Solebay Shipping Cape Company Limited, Hong Kong
1/Dec/2021

12/Jan/2023
12/Jan/2023

15/Jun/2024 - 15/Aug/2024
20

37 SANTA BARBARA
2015 179,426
J 29,500 4.75% Cargill International S.A., Geneva 19/Mar/2022 10/May/2023 - 10/Jul/2023 21
38 NEW ORLEANS
2015 180,960
32,000 5.00% Engelhart CTP Freight (Switzerland) SA 25/Mar/2022 20/Nov/2023 - 31/Jan/2024 21
39 FLORIDA
2022 182,063
25,900 5.00% Bunge S.A., Geneva 29/Mar/2022 29/Jan/2027 - 29/May/2027 3
4 Newcastlemax Bulk Carriers
40 LOS ANGELES
2012 206,104
K 26,250

17,700
5.00%

5.00%
Koch Shipping Pte. Ltd., Singapore

Nippon Yusen Kabushiki Kaisha, Tokyo
30/Jan/2022

15/Jan/2023
15/Jan/2023

20/May/2024 - 5/Aug/2024
41 PHILADELPHIA
2012 206,040
K 26,000 5.00% C Transport Maritime Ltd., Bermuda 12/Apr/2022 1/Feb/2024 - 15/Apr/2024
42 SAN FRANCISCO
2017 208,006
L 30,500 5.00% Koch Shipping Pte. Ltd., Singapore 18/Feb/2022 1/Mar/2023 - 15/May/2023
43 NEWPORT NEWS
2017 208,021
L 28,000 5.00% Koch Shipping Pte. Ltd., Singapore 16/Dec/2021 1/Jul/2023 - 30/Sep/2023

* 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.

1Vessel expected to be delivered to the Company by the end of January of 2023.
2The fixture includes the option for redelivery of vessel east of Suez against a gross ballast bonus of US$250,000.
3Bareboat chartered-in for a period of ten years.
4Redelivery date based on an estimated time charter trip duration of about 56 days.
5Based on latest information.
6Estimated redelivery date from the Charterers.
7Aquavita International S.A. has agreed to compensate the owners for the early redelivery of the vessel until the minimum agreed redelivery date, February 1, 2023.
8Estimated delivery date to the Charterers.
9Vessel on scheduled drydocking from November 12, 2022 to December 16, 2022.
10Estimated date.
11Vessel off hire for 3.93 days.
12Charterers compensated the owners for the early redelivery of the vessel by paying the difference between the new rate and the previous rate, from the redelivery date from the charterers, to December 1, 2022.
13Vessel on scheduled drydocking from October 12, 2022 to November 7, 2022.
14The charter rate was US$10,000 per day for the first 30 days of the charter period.
15Charter included a one time ballast bonus payment of US$250,000.
16Redelivery date based on an estimated time charter trip duration of about 68 days.
17Charter includes a one time ballast bonus payment of US$300,000.
18Vessel sold and expected to be delivered to her new Owners at the latest by February 28, 2023.
19The charterers have compensated the owners for the days over and above the maximum redelivery date.
20The Charterers will compensate the Owners for the excess of the charter party period at the rate of 123% of the average of the Baltic Cape Index 5TC average for the days exceeding the period or the vessel’s present charter party rate whichever is higher.
21Bareboat chartered-in for a period of eight years.

 

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.