* 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 Vessel off-hire for about 29 days.
³ Based on latest information.
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 Expected date of delivery to the Company on February 28, 2022.
⁶ 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.
⁷ Redelivery date based on an estimated time charter trip duration of about 82 days.
⁸ Estimated redelivery date from the charterers.
⁹ Estimated delivery date to the charterers.
¹⁰The charter rate is US$17,750 per day for the first one hundred five (105) days of the charter period.
¹¹Vessel on scheduled drydocking from November 2, 2021 to November 20, 2021.
¹²The dwt is based on shipbuilding contract.
¹³Expected date of delivery to the Company by the end of the first quarter of 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.