Fleet Employment Table

Q1 2022 Fleet Employment (As of January 24, 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
- PROTEFS
2004 73,630
A 10,650 5.00% Reachy International (HK) Co., Limited 8/Feb/2021 29/Nov/2021 1
- CALIPSO
2005 73,691
A 10,400 5.00% Viterra Chartering B.V., Rotterdam 22/Jan/2021 29/Nov/2021 1
1 MELIA
2005 76,225
25,750 5.00% Viterra Chartering B.V., Rotterdam 11/Jun/2021 7/Apr/2022 - 7/Jun/2022
2 ARTEMIS
2006 76,942
10,250 5.00% Glencore Agriculture B.V., Rotterdam 30/Nov/2020 5/Feb/2022 - 30/Mar/2022 2
3 LETO
2010 81,297
9,000

25,500
4.75%

5.00%
Cargill International S.A., Geneva

Aquavita International S.A.
21/May/2020

3/Oct/2021
3/Oct/2021

1/Feb/2023 - 15/Apr/2023
4 SELINA
2010 75,700
B 26,500 5.00% ASL Bulk Shipping HK Limited 2/Sep/2021 15/Jun/2022 - 15/Sep/2022
5 MAERA
2013 75,403
B 26,000 5.00% ASL Bulk Shipping HK Limited 18/Sep/2021 1/Oct/2022 - 15/Dec/2022
6 ISMENE
2013 77,901
16,500

18,500
5.00%

4.75%
Tongli Shipping Pte. Ltd.

Cargill International S.A., Gevena
11/Mar/2021

23/Nov/2021
23/Nov/2021

15/Dec/2022 - 5/Feb/2023
7 CRYSTALIA
2014 77,525
C 26,100 5.00% Uniper Global Commodities SE, Dusseldorf 21/Sep/2021 1/Oct/2022 - 15/Dec/2022
8 ATALANDI
2014 77,529
C 9,300

24,500
5.00%

4.75%
Uniper Global Commodities SE, Düsseldorf

Aquavita International S.A.
14/Jun/2020

5/Oct/2021
5/Oct/2021

15/Feb/2023 - 30/Apr/2023
6 Kamsarmax Bulk Carriers
9 MAIA
2009 82,193
D 25,000 5.00% Viterra Chartering B.V., Rotterdam 20/Jun/2021 1/May/2022 - 30/Jun/2022 3
10 MYRSINI
2010 82,117
D 27,750

22,000
5.00%

4.75%
Bocimar International N.V.

Cargill International S.A., Geneva
11/May/2021

15/Nov/2021
15/Nov/2021

1/Dec/2022 - 31/Jan/2023
11 MEDUSA
2010 82,194
D 11,000 4.75% Cargill International S.A., Geneva 19/Nov/2020 5/Feb/2022 - 20/Mar/2022 2
12 MYRTO
2013 82,131
D 28,500 5.00% Solebay Shipping Transocean Company Limited 10/Sep/2021 15/Aug/2022 - 15/Oct/2022
13 ASTARTE
2013 81,513
25,000 5.00% Mitsui O.S.K. Lines Ltd. 20/May/2021 28/Dec/2021 4,5
14 MAGNOLIA
tbr. LEONIDAS P. C.
2011 82,165
- - - - - - 6
5 Post-Panamax Bulk Carriers
15 ALCMENE
2010 93,193
25,500

17,100
5.00%

5.00%
Refined Success Limited

SwissMarine Pte. Ltd., Singapore
28/Jul/2021

25/Nov/2021
25/Nov/2021

20/Dec/2022 - 5/Mar/2023
7
16 AMPHITRITE
2012 98,697
E 27,000 5.00% BG Shipping Co., Limited, Hong Kong 13/Sep/2021 15/Oct/2022 - 15/Dec/2022
17 POLYMNIA
2012 98,704
E 12,100

24,750
5.00%

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

2/Feb/2022
2/Feb/2022

15/Jan/2023-15/Mar/2023
8

9
18 ELECTRA
2013 87,150
F 21,000 5.00% Tongli Shipping Pte. Ltd. 28/Apr/2021 10/Feb/2022 - 10/Apr/2022
19 PHAIDRA
2013 87,146
F 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 5.00% Solebay Shipping Cape Company Limited, Hong Kong 18/Mar/2021 8/Feb/2022 - 20/Feb/2022 2
21 BALTIMORE
2005 177,243
56,000 4.75% Olam International Limited, Singapore 27/Sep/2021 27/Dec/2021 10
- SALT LAKE CITY
2005 171,810
13,000 5.00% C Transport Maritime Ltd., Bermuda 9/Jan/2021 29/Nov/2021 1
22 SEMIRIO

2007 174,261
G 13,500

19,700
5.00%

5.00%
SwissMarine Pte. Ltd., Singapore

C Transport Maritime Ltd., Bermuda
1/Jan/2021

15/Dec/2021
15/Dec/2021

15/Aug/2023 - 15/Nov/2023
23 BOSTON
2007 177,828
G 25,500 5.00% C Transport Maritime Ltd., Bermuda 16/Jun/2021 15/Apr/2022 - 15/Jun/2022
24 HOUSTON
2009 177,729
G 27,000 5.00% Koch Shipping Pte. Ltd., Singapore 30/Aug/2021 15/Jul/2022 - 15/Oct/2022
25 NEW YORK
2010 177,773
G 14,000 5.00% EGPN Bulk Carrier Co., Limited, Hong Kong 29/Dec/2020 16/Apr/2022 - 30/Jun/2022
26 SEATTLE
2011 179,362
H 12,300 5.00% Pacbulk Shipping Pte. Ltd., Singapore 27/Apr/2020 6/Feb/2022 - 23/Feb/2022 2
27 P. S. PALIOS
2013 179,134
H 26,500 4.75% Olam International Limited, Singapore 5/Jun/2021 15/Feb/2022 - 15/Apr/2022
28 G. P. ZAFIRAKIS

2014 179,492
I 13,200

22,750
5.00%

4.75%
Koch Shipping Pte. Ltd., Singapore

Cargill International S.A., Geneva
31/May/2020

1/Dec/2021
1/Dec/2021

1/Nov/2022 - 31/Dec/22
29 SANTA BARBARA
2015 179,426
I 17,250 4.75% Cargill International S.A., Geneva 9/Jan/2021 8/Feb/2022 - 5/Mar/2022 2
30 NEW ORLEANS
2015 180,960
15,500 5.00% Nippon Yusen Kabushiki Kaisha 3/Dec/2020 9/Feb/2022 - 25/Mar/2022 2
31 tbn. FLORIDA
2022 181,500
- - - - - 11,12
4 Newcastlemax Bulk Carriers
32 LOS ANGELES
2012 206,104
J 14,250 5.00% Engelhart CTP Freight (Switzerland) SA 6/Jun/2020 23/Dec/2021 5
33 PHILADELPHIA
2012 206,040
J 28,500 5.00% Classic Maritime Inc. 22/Apr/2021 1/Mar/2022 - 1/May/2022
34 SAN FRANCISCO
2017 208,006
K 24,700 5.00% Olam International Limited, Singapore 11/Feb/2021 6/Feb/2022 - 15/Feb/2022 2,13,14
35 NEWPORT NEWS
2017 208,021
K 18,400

28,000
5.00%

5.00%
Koch Shipping Pte. Ltd., Singapore 8/Sep/2020

16/Dec/2021
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.

1 Vessel was delivered to her new owners on November 29, 2021.
2 Based on latest information.
3 Vessel off-hire for about 29 days.
4 The charterers have agreed to compensate the owners, for all the days over and above the maximum redelivery date (December 15, 2021), with hire rate equal to the average of Baltic Panamax 82 Index 5TC weighted time charter average or the vessel’s present Charter Party rate, whichever is higher.
5 Currently without an active charterparty. Vessel on scheduled drydocking.
6 Expected date of delivery to the Company by February 28, 2022.
7 Charterers compensated owners with hire equal to the average of BPI P3A_82 route for the overrun days starting on October 30, 2021 and paid pro rata until the actual redelivery date and time of the vessel back to owners and only in case the BPI P3A_82 route for the overrun days was higher than current hire rate i.e. USD25,500 otherwise current hire rate to remain for that day.
8 Charterers have 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.
9 Estimated date.
10 Currently without an active charterparty.
11 The dwt is based on shipbuilding contract.
12 Expected date of delivery to the Company by the end of the first quarter of 2022.
13 The charter rate is US$17,750 per day for the first one hundred five (105) days of the charter period.
14 Vessel on scheduled drydocking from November 2, 2021 to November 20, 2021.

 

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.