Fleet Employment Table

Q2 2022 Fleet Employment (As of May 20, 2022)

VESSEL
BUILT DWT
SISTER SHIPS* GROSS RATE (USD PER DAY) COM** CHARTERERS DELIVERY DATE TO CHARTERERS*** REDELIVERY DATE TO OWNERS**** NOTES
8 Panamax Bulk Carriers
1 MELIA
2005 76,225
25,750 5.00% Viterra Chartering B.V., Rotterdam 11/Jun/2021 28/May/2022 1
2 ARTEMIS
2006 76,942
10,250

21,250
5.00%

4.75%
Glencore Agriculture B.V., Rotterdam

Cargill International S.A., Geneva
30/Nov/2020

21/Mar/2022
21/Mar/2022

20/Jun/2023-20/Aug/2023
3 LETO
2010 81,297
25,500 4.75% Aquavita International S.A. 3/Oct/2021 1/Feb/2023 - 15/Apr/2023
4 SELINA
2010 75,700
A 26,500 5.00% ASL Bulk Shipping HK Limited 2/Sep/2021 15/Jun/2022 - 15/Sep/2022
5 MAERA
2013 75,403
A 26,000 5.00% ASL Bulk Shipping HK Limited 18/Sep/2021 1/Oct/2022 - 15/Dec/2022
6 ISMENE
2013 77,901
18,500 4.75% Cargill International S.A., Gevena 23/Nov/2021 15/Dec/2022 - 15/Feb/2023
7 CRYSTALIA
2014 77,525
B 26,100 5.00% Uniper Global Commodities SE, Dusseldorf 21/Sep/2021 1/Oct/2022 - 15/Dec/2022
8 ATALANDI
2014 77,529
B 24,500 4.75% Aquavita International S.A. 5/Oct/2021 15/Feb/2023 - 30/Apr/2023
6 Kamsarmax Bulk Carriers
9 MAIA
2009 82,193
C 25,000

25,000
5.00%

5.00%
Viterra Chartering B.V., Rotterdam

Hyundai Glovis Co. Ltd.
20/Jun/2021

22/May/2022
22/May/2022

20/Sep/2023 - 20/Nov/2023
2

3
10 MYRSINI
2010 82,117
C 22,000 4.75% Cargill International S.A., Geneva 15/Nov/2021 1/Dec/2022 - 31/Jan/2023
11 MEDUSA
2010 82,194
C 11,000

26,000
4.75%

4.75%
Cargill International S.A., Geneva 19/Nov/2020

9/Mar/2022
9/Mar/2022

15/May/2023-15/Jul/2023


12 MYRTO
2013 82,131
C 28,500 5.00% Solebay Shipping Transocean Company Limited 10/Sep/2021 15/Aug/2022 - 15/Oct/2022
13 ASTARTE
2013 81,513
21,500 5.00% Tongli Shipping Pte. Ltd. 30/Jan/2022 15/Apr/2023 - 15/Jun/2023 4
14 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
5 Post-Panamax Bulk Carriers
15 ALCMENE
2010 93,193
17,100 5.00% SwissMarine Pte. Ltd., Singapore 25/Nov/2021 20/Dec/2022 - 5/Mar/2023
16 AMPHITRITE
2012 98,697
D 27,000 5.00% BG Shipping Co., Limited, Hong Kong 13/Sep/2021 15/Oct/2022 - 15/Dec/2022
17 POLYMNIA
2012 98,704
D 12,100

24,750
5.00%

5.00%
CLdN Cobelfret SA, Luxembourg 22/Nov/2020

4/Feb/2022
4/Feb/2022

15/Jan/2023-15/Mar/2023
6

18 ELECTRA
2013 87,150
E 21,000

16,500
5.00%

5.00%
Tongli Shipping Pte. Ltd.

Raffles Shipping International Pte. Ltd.
28/Apr/2021

13/Apr/2022
13/Apr/2022

6/Jun/2022
7

1,8
19 PHAIDRA
2013 87,146
E 28,000 5.00% Uniper Global Commodities SE, Düsseldorf
2/Sep/2021 1/Jul/2022 - 15/Sep/2022
12 Capesize Bulk Carriers
20 ALIKI
2005 180,235
20,500

24,500
5.00%

5.00%
Solebay Shipping Cape Company Limited, Hong Kong

Koch Shipping Pte. Ltd., Singapore
18/Mar/2021

21/Feb/2022
21/Feb/2022

1/Feb/2023 - 15/Apr/2023
21 BALTIMORE
2005 177,243
10,500

16,000
5.00%

5.00%
Trafigura Maritime Logistics Pte. Ltd.

Solebay Shipping Cape Company Limited, Hong Kong
8/Feb/2022

8/Apr/2022
8/Apr/2022

27/Jun/2022-17/Jul/2022
9

10
22 SEMIRIO

2007 174,261
F 19,700 5.00% C Transport Maritime Ltd., Bermuda 15/Dec/2021 15/Aug/2023 - 15/Nov/2023
23 BOSTON
2007 177,828
F 25,500

13,000
5.00%

5.00%
C Transport Maritime Ltd., Bermuda

Richland Bulk Pte. Ltd.
16/Jun/2021

20/Apr/2022
20/Apr/2022

30/May/2022


11
24 HOUSTON
2009 177,729
F 27,000 5.00% Koch Shipping Pte. Ltd., Singapore 30/Aug/2021 15/Jul/2022 - 15/Oct/2022
25 NEW YORK
2010 177,773
F 14,000 5.00% EGPN Bulk Carrier Co., Limited, Hong Kong 29/Dec/2020 31/May/2022 - 3/Jul/2022 1
26 SEATTLE
2011 179,362
G 12,300

26,500
5.00%

5.00%
Pacbulk Shipping Pte. Ltd., Singapore

Solebay Shipping Cape Company Limited, Hong Kong
27/Apr/2020

2/Mar/2022
2/Mar/2022

1/Oct/2023-15/Dec/2023
27 P. S. PALIOS
2013 179,134
G 26,500 4.75% Olam International Limited, Singapore 5/Jun/2021 23/Apr/2022 12,13
28 G. P. ZAFIRAKIS

2014 179,492
H 22,750 4.75% Cargill International S.A., Geneva 1/Dec/2021 1/Nov/2022 - 31/Dec/2022
29 SANTA BARBARA
2015 179,426
H 17,250

29,500
4.75%

4.75%
Cargill International S.A., Geneva 9/Jan/2021

19/Mar/2022
19/Mar/2022

10/May/2023-10/Jul/2023
14

30 NEW ORLEANS
2015 180,960
15,500

32,000
5.00%

5.00%
Nippon Yusen Kabushiki Kaisha

Engelhart CTP Freight (Switzerland) SA
3/Dec/2020

25/Mar/2022
25/Mar/2022

20/Nov/2023-31/Jan/2024
31 FLORIDA
2022 182,063
25,900 5.00% Bunge S.A., Geneva 29/Mar/2022 29/Jan/2027-29/May/2027 15
4 Newcastlemax Bulk Carriers
32 LOS ANGELES
2012 206,104
I 26,250 5.00% Koch Shipping Pte. Ltd., Singapore 30/Jan/2022 15/Jan/2023-15/Mar/2023 16
33 PHILADELPHIA
2012 206,040
I 28,500

26,000
5.00%

5.00%
Classic Maritime Inc.

C Transport Maritime Ltd., Bermuda
22/Apr/2021

12/Apr/2022
7/Mar/2022

1/Feb/2024-15/Apr/2024
17
34 SAN FRANCISCO
2017 208,006
J 24,700

30,500
5.00%

5.00%
Olam International Limited, Singapore

Koch Shipping Pte. Ltd., Singapore
11/Feb/2021

18/Feb/2022
18/Feb/2022

1/Mar/2023-15/May/2023
18

35 NEWPORT NEWS
2017 208,021
J 28,000 5.00% Koch Shipping Pte. Ltd., Singapore 16/Dec/2021 1/Jul/2023 - 30/Sep/2023 19

* 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.