We create to share 48 Comment: 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. Fleet and Charter Overview No Vessel name DWT Type SisterShips* built Gross Rate (USD per
day) Gross Rate (USD per day) Comission Comission** Charterers Charterers Delivery Date to Charterers*** Redelivery Date to Owners**** Notes 1 PROTEFS 73,630 Panamax A 2004 10,650 10650 5.00% 5.00% Reachy International
(HK) Co., Limited Reachy International (HK) Co., Limited 08.02.2021 10.03.2022 - 20.05.2022 2 CALIPSO 73,691 Panamax A 2005 10,400 10400 5.00% 5.00% Viterra Chartering B.V., Rotterdam Viterra Chartering B.V., Rotterdam
22.01.2021 01.10.2021 - 15.12.2021 3 NAIAS 73,546 Panamax A 2006 25,000 25000 5.00% 5.00% Nasshipping Inc. Nasshipping Inc. 17.05.2021 06.06.2021 - 16.06.2021 1,2 4 MELIA 76,225 Panamax
2005 10,000 10000 5.00% 5.00% Ausca Shipping Limited, Hong Kong Ausca Shipping Limited, Hong Kong 20.08.2020 10.06.2021 - 20.06.2021 3,4 5 ARTEMIS 76,942 Panamax 2006 10,250 10250 5.00% 5.00% Glencore Agriculture
B.V., Rotterdam Glencore Agriculture B.V., Rotterdam 30.11.2020 05.01.2022 - 30.03.2022 6 LETO 81,297 Panamax 2010 9,000 9000 4.75% 4.75% Cargill International S.A., Geneva Cargill International S.A., Geneva
21.05.2020 15.07.2021 - 30.09.2021 7 SELINA 75,700 Panamax B 2010 11,000 11000 5.00% 5.00% ST Shipping and Transport Pte. Ltd., Singapore ST Shipping and Transport Pte. Ltd.,
Singapore 05.07.2020 05.07.2021 - 05.09.2021 8 MAERA 75,403 Panamax B 2013 8,600 8600 5.00% 5.00% Ausca Shipping Limited, Hong Kong Ausca Shipping Limited, Hong
Kong 11.06.2020 01.07.2021 - 30.09.2021 9 ISMENE 77,901 Panamax 2013 16,500 16500 5.00% 5.00% Tongli Shipping Pte. Ltd. Tongli Shipping Pte. Ltd. 11.03.2021 15.10.2021 - 15.12.2021 10 CRYSTALIA 77,525 Panamax
C 2014 8,750 8750 5.00% 5.00% Glencore Agriculture B.V., Rotterdam Glencore Agriculture B.V., Rotterdam 22.05.2020 01.07.2021 - 30.09.2021 11 ATALANDI 77,529 Panamax C 2014 9,300 9300 5.00% 5.00% Uniper Global
Commodities SE, Düsseldorf Uniper Global Commodities SE, Düsseldorf 14.06.2020 14.07.2021 - 14.10.2021 12 MAIA 82,193 Kamsarmax D 2009 11,200 11200 5.00% 5.00% Aquavita International S.A. Aquavita International
S.A. 31.01.2020 05.06.2021 - 15.06.2021 4 13 MYRSINI 82,117 Kamsarmax D 2010 27,750 27750 5.00% 5.00% Bocimar International N.V. Bocimar International
N.V. 11.05.2021 15.10.2021 - 30.11.2021 14 MEDUSA 82,194 Kamsarmax D 2010 11,000 11000 4.75% 4.75% Cargill International S.A., Geneva Cargill International S.A., Geneva
19.11.2020 10.01.2022 - 20.03.2022 15 MYRTO 82,131 Kamsarmax D 2013 10,000 10000 4.75% 4.75% Cargill International S.A., Geneva Cargill International S.A., Geneva
03.04.2020 01.07.2021 - 15.09.2021 16 ASTARTE 81,513 Kamsarmax 2013 25,000 25000 5.00% 5.00% Mitsui O.S.K. Lines Ltd. Mitsui O.S.K. Lines
Ltd. 20.05.2021 01.11.2021 - 15.12.2021 17 ALCMENE 93,193 Post-Panamax 2010 8,500 8500 4.75% 4.75% Cargill International S.A., Geneva Cargill International S.A., Geneva
02.04.2020 11.06.2021 - 02.07.2021 4 18 AMPHITRITE 98,697 Post-Panamax E 2012 10,250 10250 5.00% 5.00% SwissMarine Pte. Ltd., Singapore SwissMarine Pte. Ltd.,
Singapore 21.03.2020 05.06.2021 - 21.06.2021 4 19 POLYMNIA 98,704 Post-Panamax E 2012 12,100 12100 5.00% 5.00% CLdN Cobelfret SA, Luxembourg CLdN Cobelfret SA,
Luxembourg 22.11.2020 15.10.2021 - 25.12.2021 20 ELECTRA 87,150 Post-Panamax F 2013 21,000 21000 5.00% 5.00% Tongli Shipping Pte. Ltd. Tongli Shipping Pte.
Ltd. 28.04.2021 10.02.2022 - 10.04.2022 21 PHAIDRA 87,146 Post-Panamax F 2013 9,400 9400 5.00% 5.00% Uniper Global Commodities SE, Düsseldorf Uniper Global Commodities SE,
Düsseldorf 29.05.2020 07.06.2021 - 29.07.2021 4 22 ALIKI 180,235 Capesize 2005 20,500 20500 5.00% 5.00% Solebay Shipping Cape Company Limited, Hong Kong Solebay Shipping Cape Company Limited, Hong
Kong 18.03.2021 15.01.2022 - 15.03.2022 23 BALTIMORE 177,243 Capesize 2005 13,000 13000 5.00% 5.00% Koch Shipping Pte. Ltd., Singapore Koch Shipping Pte. Ltd., Singapore 21.12.2020 20.07.2021 - 05.10.2021 24 SALT
LAKE CITY 171,810 Capesize 2005 13,000 13000 5.00% 5.00% C Transport Maritime Ltd., Bermuda C Transport Maritime Ltd.,
Bermuda 09.01.2021 01.04.2022 - 30.06.2022 25 SEMIRIO 174,261 Capesize G 2007 13,500 13500 5.00% 5.00% SwissMarine Pte. Ltd., Singapore SwissMarine Pte. Ltd.,
Singapore 01.01.2021 05.10.2021 - 20.12.2021 26 BOSTON 177,828 Capesize G 2007 15,300 15300 5.00% 5.00% Oldendorff Carriers GMBH & Co. KG, Lübeck, Germany Oldendorff Carriers GMBH & Co. KG, Lübeck,
Germany 07.06.2019 07.06.2021 - 30.06.2021 4 27 HOUSTON 177,729 Capesize G 2009 12,400 12400 5.00% 5.00% C Transport Maritime Ltd., Bermuda C Transport Maritime Ltd., Bermuda 13.04.2020 01.07.2021 - 30.09.2021 28 NEW
YORK 177,773 Capesize G 2010 14,000 14000 5.00% 5.00% EGPN Bulk Carrier Co., Limited, Hong Kong EGPN Bulk Carrier Co., Limited, Hong
Kong 29.12.2020 16.04.2022 - 30.06.2022 29 SEATTLE 179,362 Capesize H 2011 12,300 12300 5.00% 5.00% Pacbulk Shipping Pte. Ltd., Singapore Pacbulk Shipping Pte. Ltd.,
Singapore 27.04.2020 01.10.2021 - 31.12.2021 5 30 P. S. PALIOS 179,134 Capesize H 2013 12,050 12050 5.00% 5.00% C Transport Maritime Ltd., Bermuda C Transport Maritime Ltd.,
Bermuda 24.03.2020 07.06.2021 - 24.06.2021 4 31 G. P. ZAFIRAKIS 179,492 Capesize I 2014 13,200 13200 5.00% 5.00% Koch Shipping Pte. Ltd., Singapore Koch Shipping Pte. Ltd.,
Singapore 31.05.2020 01.10.2021 - 31.12.2021 32 SANTA BARBARA 179,426 Capesize I 2015 17,250 17250 4.75% 4.75% Cargill International S.A., Geneva Cargill International S.A., Geneva
09.01.2021 05.01.2022 - 05.03.2022 33 NEW ORLEANS 180,960 Capesize 2015 15,500 15500 5.00% 5.00% Nippon Yusen Kabushiki Kaisha Nippon Yusen Kabushiki Kaisha 03.12.2020 25.01.2022 - 25.03.2022 34 LOS
ANGELES 206,104 Newcastlemax J 2012 14,250 14250 5.00% 5.00% Engelhart CTP Freight (Switzerland) SA Engelhart CTP Freight (Switzerland)
SA 06.06.2020 01.10.2021 - 31.12.2021 35 PHILADELPHIA 206,040 Newcastlemax J 2012 28,500 28500 5.00% 5.00% Classic Maritime Inc. Classic Maritime Inc. 22.04.2021 01.03.2022 - 01.05.2022 36 SAN
FRANCISCO 208,006 Newcastlemax K 2017 24,700 24700 5.00% 5.00% Olam International Limited, Singapore Olam International Limited, Singapore 27.05.2021 15.01.2022 - 15.03.2022 37 NEWPORT
NEWS 208,021 Newcastlemax K 2017 18,400 18400 5.00% 5.00% Koch Shipping Pte. Ltd., Singapore Koch Shipping Pte. Ltd., Singapore 08.09.2020 16.10.2021 - 30.12.2021 * 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 sold and expected to be delivered to her new owners at the
latest by July 30, 2021. 2 Redelivery date based on an estimated time charter trip duration of about 20-30 days. 3 Charter includes a one time ballast bonus payment of
US$500,000. 4 Based on latest information. 5 Vessel currently off-hire for drydocking.