per Yahoo 5 Capesize, 31 panamax, 2 handymax but I found most of the number of ships on Yahoo are wrong...yet, it appears it may be 7 Capemax. The Caps and Panas move mostly Coal and Iron Ore...yet some grain for feedstock too. The Handysize moves Ferts, steel products, minerals, ores, construction materials, etc....here are the names from their website...Our Fleet Name Type DWT Year Built Capri Bulk Carrier 172,579 2001 Manasota Bulk Carrier 171,061 2004 Alameda Bulk Carrier 170,662 2001 Mystic Bulk Carrier 170,040 2008 Flecha Bulk Carrier 170,012 2004 Brisbane Bulk Carrier 151,066 1995 Samsara Bulk Carrier 150,393 1996 Avoca Bulk Carrier 76,629 2004 Mendocino Bulk Carrier 76,623 2002 Maganari Bulk Carrier 75,941 2001 Saldanha Bulk Carrier 75,707 2004 Coronado Bulk Carrier 75,706 2000 Conquistador Bulk Carrier 75,607 2000 Ligari Bulk Carrier 75,583 2004 Waikiki Bulk Carrier 75,473 1995 Solana Bulk Carrier 75,100 1995 Capitola Bulk Carrier 74,832 2001 Samatan Bulk Carrier 74,823 2001 Bargara Bulk Carrier 74,814 2002 Sonoma Bulk Carrier 74,786 2001 Redondo Bulk Carrier 74,716 2000 Majorca Bulk Carrier 74,477 2005 Catalina Bulk Carrier 74,432 2005 Oregon Bulk Carrier 74,204 2002 Ecola Bulk Carrier 73,931 2001 Heinrich Oldendorff Bulk Carrier 73,925 2001 Ocean Crystal Bulk Carrier 73,688 1999 Padre Bulk Carrier 73,601 2004 Positano Bulk Carrier 73,288 2000 Toro Bulk Carrier 73,035 1995 Marbella Bulk Carrier 72,561 2000 Primera Bulk Carrier 72,495 1998 Xanadu Bulk Carrier 72,270 1999 La Jolla Bulk Carrier 72,126 1997 Lacerta Bulk Carrier 71,862 1994 Iguana Bulk Carrier 70,349 1996 Paragon Bulk Carrier 71,250 1995 Tonga Bulk Carrier 66,786 1984 Clipper Gemini Bulk Carrier 51,201 2003 Voc Galaxy Bulk Carrier 51,201 2002

6 Capesizes and 14 panamax...coal, steel and grains..plus other stuff. ****THEY HAVE A GPS MAP OF ALL THEIR SHIPS AT THEIR SITE*****so cool!!! Here are the Names...Capesize are Sideris GS (going to Richards Bay in South Africa), Semirio (picking up coal in Queensland Aust..going to West Aust for ORE), Aliki (going to Spain), Boston (Japan to Buenos Arias), Salt Lake City (Canada), Norfolk (Holland), (New York and Los Angeles are being built 2010)...Panamax » Coronis Italy to Greece » Erato India to another port in India » Naias » Clio » Calipso » Protefs » Thetis » Dione going to China » Danae » Oceanis » Triton » Alcyon » Nirefs

5 Capemax, 7 Panamax, 3 s, 14 handys...Coal, Steel and Feed mostly. Here is the Fleet...CURRENT FLEET VESSEL VESSEL TYPE DEADWEIGHT YEAR BUILT Genco Sugar Handysize 29,952 MT 1998 Genco Pioneer Handysize 29,952 MT 1999 Genco Progress Handysize 29,952 MT 1999 Genco Explorer Handysize 29,952 MT 1999 Genco Reliance Handysize 29,952 MT 1999 Genco Challenger Handysize 28,428 MT 2003 Genco Charger Handysize 28,398 MT 2005 Genco Champion Handysize 28,445 MT 2006 Genco Marine Handymax 45,222 MT 1996 Genco Prosperity Handymax 47,180 MT 1997 Genco Wisdom Handymax 47,180 MT 1997 Genco Success Handymax 47,180 MT 1997 Genco Carrier Handymax 47,180 MT 1998 Genco Muse Handymax 48,913 MT 2001 Genco Predator Supramax 55,407MT 2005 Genco Warrior Supramax 55,435 MT 2005 Genco Hunter Supramax 58,729MT 2007 Genco Surprise Panamax 72,495 MT 1998 Genco Acheron Panamax 72,495 MT 1999 Genco Vigour Panamax 73,941 MT 1999 Genco Beauty Panamax 73,941 MT 1999 Genco Knight Panamax 73,941 MT 1999 Genco Leader Panamax 73,941 MT 1999 Genco Raptor Panamax 76,499 MT 2007 Genco Augustus Capesize 180,151 MT 2007 Genco Tiberius Capesize 175,874 MT 2007 Genco London Capesize 177,833 MT 2007 Genco Titus Capesize 177,729 MT 2007 Genco Constantine Capesize 180,183 MT 2008

4 Capemax, 21 Panamax, 2 s, 6 Handy and 14 Kamsarmax...same size as Panamax...**** ON THEIR WEBSITE THEY HAVE WHO IS RENTING..Bunge is doing a lot of biz with them**** Here is the list...Fleet Profile Vessel Name Vessel Type Year Built DWT Age Lowlands Beilun Capesize 1999 170,162 9.2 Years Iron Miner Capesize 2007 177,931 1.4 Years Kirmar Capesize 2001 164,218 6.8 Years Iron Beauty Capesize 2001 164,218 7.1 Years Iron Manolis Kamsarmax 2007 82,300 1.3 Years Iron Brooke Kamsarmax 2007 82,300 1.4 Years Iron Lindrew Kamsarmax 2007 82,300 1.5 Years Coal Hunter Kamsarmax 2006 82,300 1.7 Years Pascha Kamsarmax 2006 82,300 1.7 years Coal Gypsy Kamsarmax 2006 82,300 1.7 Years Iron Anne Kamsarmax 2006 82,000 1.9 Years Iron Vassilis Kamsarmax 2006 82,000 2.1 Years Iron Bill Kamsarmax 2006 82,000 2.2 Years Santa Barbara Kamsarmax 2006 82,266 2.4 Years Ore Hansa Kamsarmax 2006 82,209 2.4 Years Iron Kalypso Kamsarmax 2006 82,224 1.9 Years Iron Fuzeyya Kamsarmax 2006 82,209 2.6 Years Iron Bradyn Kamsarmax 2005 82,769 3.5 Years Grain Harvester Panamax 2004 76,417 4.0 Years Grain Express Panamax 2004 76,466 4.3 Years Iron Knight Panamax 2004 76,429 4.2 Years Coal Pride Panamax 1999 72,493 8.7 Years Iron Man Panamax 1997 72,861 11.2 Years Coal Age Panamax 1997 72,824 11.2 Years Fearless I Panamax 1997 73,427 11.2 Years Barbara Panamax 1997 73,317 11.3 Years Linda Leah Panamax 1997 73,317 11.5 Years King Coal Panamax 1997 72,873 11.6 Years Coal Glory Panamax 1995 73,670 13.4 Years Isminaki Panamax 1998 74,577 10.4 Years Angela Star Panamax 1998 73,800 10.6 Years Elinakos Panamax 1997 73,751 10.8 Years Rodon Panamax 1993 73,670 15.1 Years Happy Day Panamax 1997 71,694 11.2 Years Birthday Panamax 1993 71,504 14.9 Years Renuar Panamax 1993 70,128 14.7 Years Powerful Panamax 1994 70,083 14.6 Years Fortezza Panamax 1993 69,634 15.3 Years First Endeavor Panamax 1994 69,111 14.3 Years July M Supramax 2005 55,567 3.6 Years Mairouli Supramax 2005 53,206 3.2 Years Emerald Handymax 1998 45,588 10.1 Years Marybelle Handymax 1987 42,552 20.7 Years Attractive Handymax 1985 41,524 23.3 Years Lady Handymax 1985 41,090 23.1 Years Princess I Handymax 1994 38,858 14.4 Years Swift Handymax 1984 37,687 24.3 Years Total 47 3,716,124 8.7

Smaller Shipper Out of New York...good to watch Ferts and goods...NO CAPEMAX or Panamax Ships...here is the list...SUPRAMAX CLASS Cardinal 55,362 2004 190 m 4 x 30 Tons 4 x 12.5 m3 Flag : Marshall Islands Class : NKK Drft : 12.486M SSW Loa/Beam : 189.99/32.26be Ho/Ha : 5/5 Grain: 69,872 CBM Bale : 68,798 CBM Grt/Nrt : 30,645/18528 Gear : 30T Condor 50,296 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 11.93M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,713 CBM Grt/Nrt : 27,986/17,077 Gear : 30T Falcon 50,296 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 11.93M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 Cbm Bale : 60,713 Cbm Grt/Nrt : 27,986/17,077 Gear : 30T Golden Eye 52,421 2002 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 12.024 SSW Loa/Beam : 189.99/32.26 Ho/Ha : 5/5 Grain: 67,756 CBM Bale : 65,601 CBM Grt/Nrt : 30,053/18,207 Gear : 30T Harrier 50,296 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 11.93M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,713 CBM Grt/Nrt : 27,986/17,077 Gear : 30T Hawk I 50,296 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 11.93M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,713 CBM Grt/Nrt : 27,986/17,077 Gear : 30T Heron 52,827 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : LRS Drft : 12.02M Loa/Beam : 189.99/32.26 Ho/Ha : 5/5 Grain: 68,090 CBM Bale : 66,441 CBM Grt/Nrt : 29,999/18,514 Gear : 30T Jaeger 52,483 2004 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : DNV Drft : 12.022M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 67,756 CBM Bale : 65,600 CBM Grt/Nrt : 30,012/17,843 Gear : 30T Kestrel I 50,351 2004 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : DNV Drft : 11,925M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,712 CBM Grt/Nrt : 27,913/16,597 Gear : 30T Kittiwake 53,146 2002 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 12.3 Loa/Beam : 189.94/32.26 Ho/Ha : 5/5 Grain: 68,852 CBM Bale : 65,526 CBM Grt/Nrt : 29,963/18,449 Gear : 30T Merlin 50,296 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : LRS Drft : 11,925M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,712 CBM Grt/Nrt : 27,980/17,077 Gear : 30T Osprey I 50,206 2002 190 m 4 x 30 Tons 4 x 8 m3 Flag : Marshall Islands Class : NKK Drft : 11.93M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,713 CBM Grt/Nrt : 27,993/17,077 Gear : 30T Peregrine 50,913 2001 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : LRS Drft : 11.92M SSW Loa/Beam : 190/32.26 Ho/Ha : 5/5 Grain: 65,252 CBM Bale : 64,000 CBM Grt/Nrt : 28,647 3/17,569 Gear : 30T Tern 50,209 2003 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : DNV Drft : 11.93M SSW Loa/Beam : 189.8/32.26 Ho/Ha : 5/5 Grain: 63,198 CBM Bale : 60,713 CBM Grt/Nrt : 27,986/17,077 Gear : 30T Shrike 53,343 2003 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 12.17 Loa/Beam : 189.99/32.26 Ho/Ha : 5/5 Grain: 68,259 CBM Bale : 65,617 CBM Grt/Nrt : 29,862/18,434 Gear : 30T Skua 53,350 2003 190 m 4 x 30 Tons 4 x 12 m3 Flag : Marshall Islands Class : NKK Drft : 12.17 Loa/Beam : 189.99/32.26 Ho/Ha : 5/5 Grain: 68,259 CBM Bale : 65,617 CBM Grt/Nrt : 29,862/18,434 Gear : 30T Wren 53,100 2008 190 m 4 x 35 Tons 4 x 14 m3 Flag : Marshall Islands Class : NKK Drft : 12.49 SSW Loa/Beam : 189.99/32.26 Ho/Ha : 5/5 Grain: 64,500 CBM Bale : Grt/Nrt : 30,917/17,541 Gear : 35T HANDYMAX CLASS Sparrow 48,220 2000 189 m 4 x 30 Tons 4 x 10 m3 Flag : Marshall Islands Class : LRS Drft : 11.739M SSW Loa/Beam : 189.33/30.95 Ho/Ha : 5/5 Grain: 60,956 CBM Bale : 59,778 CBM Grt/Nrt : 26,580/16,450 Gear : 30T Kite 47,196 1997 190 m 4 x 30 Tons 4 x 10 m3 Flag : Marshall Islands Class : NKK Drft : 11.616M SSW Loa/Beam : 190/32 Ho/Ha : 5/5 Grain: 58,470 CBM Bale : 55,494 CBM Grt/Nrt : 27,681/15,727 Gear : 30T Griffon 46,635 1995 190 m 4 x 30 Tons 4 x 10 m3

Handymax and TWEENDECKERS for stuff that can't go on Bulk Shippers...this is more niche stuff..here is the list..MULTIPURPOSE VESSELS M/V Ainu Princess Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class LR 17,324 MT on 9.485 MTRS LOA /BEAM: 145.5 / 21 Holds / Hatches: 5 / 5 GRT / NRT: 10,511 / 6,280 Grain / Bale: 21,268.9 / 21,069.6 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes Gemini=1 Set =2x 25MT= 50 MT (using #2&3 twin cranes)* M/V Apache Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class LR 23,325 MT on 10.119 MTRS LOA /BEAM: 160.5 / 23 Holds / Hatches: 5 / 5 GRT / NRT: 14,499 / 8,539 Grain / Bale: 29,500.17 / 29,073.38 CBM Gear: 1 set x 25 MT (single) 4 sets x 25.9MT (single) M/V Aztec Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1984 Class NK 19,777 MT on 9.504 MTRS LOA /BEAM: 154.88 / 23 Holds / Hatches: 4 / 4 GRT / NRT: 12,286 / 7,243 Grain / Bale: 25,618.68 / 24,802.03 CBM Gear: 4 sets x 25 MT (single) Gemini=1 Set =2x 25MT= 50 MT (using #2M&2S twin cranes) M/V Caribe Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class GL 22,800 MT on 9.514 MTRS LOA /BEAM: 187.4 / 23 Holds / Hatches: 5 / 5 GRT / NRT: 17,101 / 8,600 Grain / Bale: 31,239 / 29,888 CBM Gear: 6 sets x 32 MT (single) Gemini =2 sets(twin) =2x 32MT = 60 MT*(using #2&3 or 4&5 twin cranes); Gemini 1+2+3 or 4+5+6= 90MT; Gemini 2+3+4+5= 120MT M/V Cherokee Princess Multi-Purpose Tweendecker Philippines Flag, blt 1990 Class ABS 23,286 MT on 10.096 MTRS LOA /BEAM: 164.33 / 22.86 Holds / Hatches: 5 / 5 GRT / NRT: 14,348 / 8,319 Grain / Bale: 29,342.4 / 28,445.2 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes Gemini=1 Set =2x 25MT= 48 MT (using #4&5 twin cranes)* M/V Hopi Princess Multi-Purpose Tweendecker Philippines Flag, blt 1984 Class ABS 20,401.2 MT on 10.104 MTRS LOA /BEAM: 153.5 / 22.7 Holds / Hatches: 4 / 4 GRT / NRT: 13,911 / 7,162 Grain / Bale: 25,754.65 / 24,806.72 CBM Gear: 4 sets x 30 MT (single) Gemini=2sets =2x 30MT = 60 MT(using #1&2 & 3&4 twin cranes) M/V Inca Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1986 Class NK 22,133 MT on 8.527 MTRS LOA /BEAM: 170 / 27 Holds / Hatches: 6 / 6 GRT / NRT: 22,531 / 9,277 Grain / Bale: 31,990.8 / 33,328.9 CBM Gear: 1 Set x 20MT(Single) 2 sets(twin) =2x 15MT = 30 MT*(using #2M&2S & #3M&3S twin cranes) M/V Kickapoo Belle Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class NK 23,319 MT on 10.119 MTRS LOA /BEAM: 160.5 / 23 Holds / Hatches: 5 / 5 GRT / NRT: 14,499 / 8,539 Grain / Bale: 29,500.17 / 29,073.38 CBM Gear: 1 set x 25 MT (single) 4 sets x 25.9MT (single) M/V Kiowa Princess Multi-Purpose Tweendecker Philippines Flag, blt 1986 Class LR 19,762 MT on 9.5 MTRS LOA /BEAM: 155.03 / 23 Holds / Hatches: 4 / 4 GRT / NRT: 12,301 / 7,385 Grain / Bale: 26,696.51 / 23,818.45 CBM Gear: 2 sets x 25 MT (single) 1 set (twin) =2x 41.6MT= 80 MT*(using #2&3 twin cranes) M/V Laguna Belle Multi-Purpose Tweendecker Philippines Flag, blt 1996 Class LR 28,503 MT on 10.039 MTRS LOA /BEAM: 181 / 26 Holds / Hatches: 5 / 5 GRT / NRT: 19,357 / 9,135 Grain / Bale: 33,606.2 / 32,875.3 CBM Gear: 1 set x 30 MT (single) 2 sets(twin) =2x 30MT = 58 MT*(using #2&3 & 4&5 twin cranes) M/V Mohegan Princess Multi-Purpose Tweendecker Philippines Flag, blt 1983 Class NK 26,276 MT on 9.682 MTRS LOA /BEAM: 166.4 / 27.6 Holds / Hatches: 5 / 5 GRT / NRT: 17,126 / 9,905 Grain / Bale: 32,983.3 / 34,201.8 CBM Gear: 2 sets(twin) =2x 25MT = 50 MT* (using #1M-1S & #4M-4S twin cranes) 1 set (single) x 25 MT & 1 set (single) x 35 MT M/V Nanticoke Belle Multi-Purpose Tweendecker Philippines Flag, blt 1989 Class LR 28,835 MT on 10.101 MTRS LOA /BEAM: 170.02 / 26.5 Holds / Hatches: 5 / 5 GRT / NRT: 17,590 / 10,303 Grain / Bale: 37,341.57 / 36,932.29 CBM Gear: 2 sets x 30 MT (single) 1 set (twin) =2x 30MT= 60 MT*(using #3M&3S twin cranes) M/V Navajo Princess Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class NK 21,902 MT on 8.647 MTRS LOA /BEAM: 169.92 / 26.8 Holds / Hatches: 6 / 6 GRT / NRT: 22,053 / 8,889 Grain / Bale: 30,200.48 / 31,823.75 CBM Gear: 1 Set x 20 MT(Single) 2 sets(twin) =2x 15MT= 30 MT*(using #2&3 & #4&5 twin cranes) M/V Ottawa Princess Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class GL 22,800 MT on 9.514 MTRS LOA /BEAM: 187.4 / 23 Holds / Hatches: 5 / 5 GRT / NRT: 17,101 / 8,600 Grain / Bale: 31,239 / 29,888 CBM Gear: 6 sets x 32 MT (single) Gemini =2 sets(twin) =2x 32MT = 60 MT*(using #2&3 or 4&5 twin cranes); Gemini 1+2+3 or 4+5+6= 90MT; Gemini 2+3+4+5= 120MT M/V Seminole Princess Multi-Purpose Tweendecker Philippines Flag, blt 1997 Class LR 28,503 MT on 10.039 MTRS LOA /BEAM: 181 / 26 Holds / Hatches: 5 / 5 GRT / NRT: 19,357 / 9,135 Grain / Bale: 33,606.2 / 32,875.3 CBM Gear: 1 set x 30 MT (single) 2 sets(twin) =2x 30MT = 58 MT*(using #2&3 & 4&5 twin cranes) M/V Seneca Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1986 Class NK 19,764 MT on 9.5 MTRS LOA /BEAM: 155.03 / 23 Holds / Hatches: 4 / 4 GRT / NRT: 12,301 / 7,385 Grain / Bale: 26,696.51 / 23,818.45 CBM Gear: 2 sets x 25 MT (single) 1 set (twin) =2x 41.6MT= 80 MT*(using #2&3 twin cranes) M/V Shawnee Princess Multi-Purpose Tweendecker Philippines Flag, blt 1984 Class NK 22,323 MT on 9.669 MTRS LOA /BEAM: 155 / 24.5 Holds / Hatches: 4 / 4 GRT / NRT: 14,103 / 8,354 Grain / Bale: 28,639.8 / 27,055.3 CBM Gear: 2 sets x 30 MT (single) 1 set (twin) =2x 25MT= 50 MT*(using #2&3 twin cranes) M/V Siboney Belle Multi-Purpose Tweendecker Philippines Flag, blt 1987 Class ABS 17,324 MT on 9.485 MTRS LOA /BEAM: 145.5 / 21 Holds / Hatches: 5 / 5 GRT / NRT: 10,511 / 6,280 Grain / Bale: 21,268.9 / 21,069.6 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes Gemini=1 Set =2x 25MT= 50 MT (using #2&3 twin cranes)* M/V Taino Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1985 Class LR 23,278 MT on 10.093 MTRS LOA /BEAM: 164.33 / 22.86 Holds / Hatches: 5 / 5 GRT / NRT: 14,286 / 8,264 Grain / Bale: 29,342.4 / 28,445.1 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes Gemini=1 Set =2x 25MT= 48 MT (using #4&5 twin cranes)* M/V Tamoyo Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1986 Class LR 17,235 MT on 9.485 MTRS LOA /BEAM: 145.5 / 21 Holds / Hatches: 5 / 5 GRT / NRT: 10,511 / 6,280 Grain / Bale: 21,269 / 21,090.8 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes Gemini=1 Set =2x 25MT= 48.5MT (using #2&3 twin cranes)* M/V Tayrona Princess Multi-Purpose Tweendecker Philippines Flag, blt 1983 Class NK 26,320 MT on 9.682 MTRS LOA /BEAM: 166.4 / 27.6 Holds / Hatches: 5 / 5 GRT / NRT: 16,950 / 9,905 Grain / Bale: 32,983.3 / 34,201.8 CBM Gear: 2 sets(twin) =2x 25MT = 50 MT* (using #1M-1S & #4M-4S twin cranes) 1 set (single) x 25 MT & 1 set (single) x 35 MT M/V Tuckahoe Maiden Multi-Purpose Tweendecker Philippines Flag, blt 1985 Class LR 23,278 MT on 10.093 MTRS LOA /BEAM: 164.33 / 22.86 Holds / Hatches: 5 / 5 GRT / NRT: 14,337 / 8,213 Grain / Bale: 29,342.4 / 28,445.2 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes Gemini=1 Set =2x 25MT= 48 MT (using #4&5 twin cranes)* M/V Wichita Belle Multi-Purpose Tweendecker Philippines Flag, blt 1991 Class NKK 28,843 MT on 10.101 MTRS LOA /BEAM: 170.02 / 26.5 Holds / Hatches: 5 / 5 GRT / NRT: 17,590 / 10,303 Grain / Bale: 37,341.57 / 36,932.29 CBM Gear: 2 sets x 30 MT (single) 1 set (twin) =2x 30MT= 60 MT*(using #3M&3S twin cranes) BULK CARRIERS M/V Alabama Belle Bulk Carrier Philippines Flag, blt 1986 Class LR 41,807.6 MT on 11.217 MTRS LOA /BEAM: 183.78 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 24,621 / 13,564 Grain / Bale: 51,174 / 48,615.4 CBM Gear: 4 Sets x 25 MT (Single) M/V Arapaho Belle Bulk Carrier Philippines Flag, blt 1998 Class NK 24,020.9 MT on 9.553 MTRS LOA /BEAM: 153.5 / 25.8 Holds / Hatches: 4 / 4 GRT / NRT: 14,397 / 8,314 Grain / Bale: 31,101 / 30,101 CBM Gear: 4 sets x 30 MT (single) M/V Biloxi Belle Bulk Carrier Philippines Flag, blt 1984 Class ABS 39,224.8 MT on 11.198 MTRS LOA /BEAM: 188 / 28 Holds / Hatches: 5 / 5 GRT / NRT: 22,009 / 12,589 Grain / Bale: 47,588.89 / 45,961.76 CBM Gear: 4 sets x 25 MT (single) M/V Canarsie Princess Bulk Carrier Philippines Flag, blt 1985 Class NK 42,842 MT on 10.994 MTRS LOA /BEAM: 189.5 / 30.0 Holds / Hatches: 5 / 5 GRT / NRT: 24,943 / 14,148 Grain / Bale: 54,069.5 / 53,163.9 CBM Gear: 4 sets x 25 MT (single) M/V Chesapeake Belle Bulk Carrier Philippines Flag, blt 1984 Class DNV 44,146 MT on 11.556 MTRS LOA /BEAM: 182.8 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 24,643 / 13,377 Grain / Bale: 51,025.9 / 50,025.6 CBM Gear: 4 sets x 25 MT (single) M/V Houma Belle Bulk Carrier Philippines Flag, blt 1985 Class LR 42,219 MT on 11.235 MTRS LOA /BEAM: 182.8 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 24,524 / 14,812 Grain / Bale: 50,528.1 / 49,471.9 CBM Gear: 5 sets x 25 MT (single) M/V Iroquois Maiden Bulk Carrier Philippines Flag, blt 1983 Class LR 40,876 MT on 11.019 MTRS LOA /BEAM: 182.8 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 24,783 / 13,133 Grain / Bale: 49,970.4 / 48,866.8 CBM Gear: 4 sets x 25 MT (single) M/V Manhattan Princess Bulk Carrier Philippines Flag, blt 1982 Class LR 45,526 MT on 12.159 MTRS LOA /BEAM: 192.73 / 29.65 Holds / Hatches: 6 / 6 GRT / NRT: 27,835 / 14,404 Grain / Bale: 55,420.2 / 53,143.9 CBM Gear: 6 sets x 25.0 MT (single) M/V Maori Maiden Bulk Carrier Philippines Flag, blt 1984 Class LR 37,734 MT on 10.814 MTRS LOA /BEAM: 182.8 / 28.4 Holds / Hatches: 5 / 5 GRT / NRT: 22,208 / 13,841 Grain / Bale: 47,398.8 / 46,098.9 CBM Gear: 4 sets x 25 MT (single) M/V Miami Maiden Bulk Carrier Phillipines Flag, blt 1984 Class LR 39,333 MT on 11.005 MTRS LOA /BEAM: 181.03 / 31 Holds / Hatches: 5 / 5 GRT / NRT: 23,536 / 13,340 Grain / Bale: 49,673.7 / 48,565.6 CBM Gear: 4 sets x 25 MT (single) M/V Mohave Maiden Bulk Carrier Philippines Flag, blt 1984 Class NK 28,074 MT on 10.609 MTRS LOA /BEAM: 178.22 / 23.1 Holds / Hatches: 5 / 5 GRT / NRT: 17,056 / 10,329 Grain / Bale: 34,734.8 / 33,607.07 CBM Gear: 4 sets x 25 MT (single) M/V Mohawk Princess Bulk Carrier Philippines Flag, blt 1982 Class ABS 42,360 MT on 12.425 MTRS LOA /BEAM: 182.68 / 27.6 Holds / Hatches: 5 / 5 GRT / NRT: 23,381 / 15,200 Grain / Bale: 47,415 / 44,981.4 CBM Gear: 5 sets x 25 MT (single) M/V Nyack Princess Bulk Carrier Philippines Flag, blt 1984 Class NK 38,885 MT on 10.931 MTRS LOA /BEAM: 180.8 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 22,135 / 12,665 Grain / Bale: 46,112 / 44,492.4 CBM Gear: 4 sets x 25 MT (single) M/V Oneida Princess Bulk Carrier Philippines Flag, blt 1998 Class BV 24,247 MT on 9.733 MTRS LOA /BEAM: 154.38 / 26 Holds / Hatches: 4 / 4 GRT / NRT: 14,762 / 8,447 Grain / Bale: 30,811.3 / 30,088.9 CBM Gear: 4 sets x 30 MT (single) M/V Rockaway Belle Bulk Carrier Philippines Flag, blt 1982 Class NK 35,025 MT on 11.39 MTRS LOA /BEAM: 176 / 28.2 Holds / Hatches: 5 / 5 GRT / NRT: 20,925 / 13,358 Grain / Bale: 42,198.5 / 40,483.7 CBM Gear: 4 sets x 25 MT (single) M/V Savannah Belle Bulk Carrier Philippines Flag, blt 1982 Class BV 22,558 MT on 9.869 MTRS LOA /BEAM: 164.33 / 22.86 Holds / Hatches: 5 / 5 GRT / NRT: 13,588 / 8,495 Grain / Bale: 30,697.7 / 29,730.1 CBM Gear: 5 Sets x 25 MT (Single) Horizontal Slewing Cranes M/V Shinnecock Belle Bulk Carrier Philippines Flag, blt 1985 Class LR 37,451 MT on 10.815 MTRS LOA /BEAM: 182.8 / 28.4 Holds / Hatches: 5 / 5 GRT / NRT: 22,342 / 12,775 Grain / Bale: 47,474.2 / 46,575 CBM Gear: 2 sets x 30 MT (single) & 1 set x 20 MT (single) 1 set (twin) =2x 15MT= 30 MT*(using #3M&3S twin cranes) M/V Sioux Maiden Bulk Carrier Philippines Flag, blt 1989 Class ABS 42,248 MT on 11.228 MTRS LOA /BEAM: 180 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 23,270 / 13,807 Grain / Bale: 52,125 / 51,118 CBM Gear: 4 sets x 25MT (single) M/V Tupi Maiden Bulk Carrier Philippines Flag, blt 1992 Class NK 38,852 MT on 10.931 MTRS LOA /BEAM: 180.8 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 22,147 / 12,665 Grain / Bale: 46,112.0 / 44,492.4 CBM Gear: 4 sets x 25 MT (single) M/V Tuscarora Belle Bulk Carrier Philippines Flag, blt 1984 Class DNV 44,189 MT on 11.556 MTRS LOA /BEAM: 182.8 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 24,643 / 13,377 Grain / Bale: 51,025.9 / 50,025.6 CBM Gear: 4 sets x 25 MT (single) M/V Yakima Princess Bulk Carrier Phillippines Flag, blt 1990 Class BV 42,475 MT on 11.173 MTRS LOA /BEAM: 181.6 / 30.5 Holds / Hatches: 5 / 5 GRT / NRT: 23,515 / 14,132 Grain / Bale: 52,734 / 51,715 CBM Gear: 4 sets x 25 MT (single) M/V Zuni Princess Bulk Carrier Philippines Flag, blt 1984 Class NK 28,166 MT on 10.609 MTRS LOA /BEAM: 178.22 / 23.1 Holds / Hatches: 5 / 5 GRT / NRT: 17,066 / 10,334 Grain / Bale: 34,734.8 / 33,607.07 CBM Gear: 4 sets x 25 MT (single)

Darn Interesting Company...They have 1 Capemax, 5 Panamax, 11 Handymax...but they can charter 9 Capemax, 7 Kamsarmax, 11 Panamax and 10 Handymax...WE HAVE TO FIND OUT WHO IS RENTING THEM.FOUND IT..IT's NMM below..here is the list..Navios' core fleet of owned and long-term chartered vessels is listed in the table below. On any given day, Navios charters an additional 20-30 vessels for short- or medium-term employment. Select a vessel for details. Vessel Built DWT Draft Flag Charter Rate 1 Exp Date 2 Owned Ultra Handymax fleet Navios Achilles 2001 52063 12.04 Greece 21,138 1/15/2009 Navios Apollon 2000 52073 12.043 Greece 23,700 11/08/2012 Navios Arc 2003 53514 12.3 Panama 27,693 5/25/2009 Navios Herakles 2001 52061 12.043 Greece 26,600 5/12/2009 Navios Hios 2003 55180 12.235 Greece 24,035 10/31/2008 Navios Horizon 2001 50346 11.925 Panama 14,725 36,100 7/23/2008 7/24/2011 Navios Ionian 2000 52068 12.043 Greece 22,219 3/18/2009 Navios Kypros 2003 55222 12.235 Greece 34,024 2/14/2011 Navios Mercator 2002 53553 12.3 Panama 19,950 31,350 2/11/2009 2/12/2014 Navios Meridian 2002 50316 11.925 Panama 23,700 10/08/2012 Navios TBN 2007 55,728 10/2008 Navios TBN Q1 2009 58,500 Owned Product Tanker Vanessa 4 2002 19078 Owned Panamax fleet Asteriks 4 2005 76,801 Navios Hyperion 2004 75707 13.97 Panama 26,268 37,050 4/22/2009 5/23/2014 Navios Magellan 2000 74333 13.95 Panama 21,850 2/6/2010 Navios Orbiter 2004 76602 14.1 Panama 24,700 37,147 4/22/2009 5/23/2014 Navios Star 3 2002 76662 14.139 Panama 21,375 1/21/2010 Owned Capesize fleet Navios TBN July-2009 180,000 Navios TBN Oct-2009 180,000 Navios TBN Aug-2009 172,000 Navios TBN Nov-2009 172,000 39,900 11/2019 Navios TBN Q4 2009 180,000 Navios TBN Q4 2009 172,000 Navios TBN Q4 2009 172,000 Navios TBN Q1 2010 172,000 Navios TBN Q1 2010 172,000 Obeliks 4 - 5 2000 170,454 Long-term Chartered-in Ultra Handymax on Order Navios TBN May-08 55100 12.235 Panama 23,700 05/01/2013 Long-term Chartered-in Panamax on Order C. Utopia Nov-2007 174000 Navios Esperanza 2007 75200 13.82 Panama 37,056 08/09/2009 Navios TBN (Purchase Option) Sep-11 80000 Tsuneishi TBN Mar-08 75250 Long-term Chartered-in Capesize on Order Namura TBN Apr-10 176800 Navios TBN (Purchase Option) Sep-11 180200 Chartered-in Ultra Handymax fleet Navios Astra (Purchase Option) 2006 53468 12.3 Panama 34,200 08/11/2009 Navios Primavera (Purchase Option) 2007 53464 12.3 Panama 20,046 5/9/2010 Navios Vector 3 2002 50296 11.925 Panama 9,500 9,738 10/16/2008 10/17/2009 Chartered-in Panamax fleet Belisland 4 2003 76602 Golden Heiwa 4 2007 76662 Navios Altair 2006 83001 14.4 Panama 22,715 9/20/2009 Navios Cielo 2003 75834 14.314 Panama 25,175 11/03/2008 Navios Orion 2005 76602 14.1 Panama 27,312 3/01/2009 Navios Sagittarius (Purchase Option) 2006 75756 13.97 Liberia 25,413 26,125 1/31/2009 2/1/2019 Navios Titan 2005 82936 14.4 Panama 27,100 2/9/2010 Chartered-in Capesize fleet Beaufiks (Purchase Option) 4 2004 180181 Rubena N 4 2006 203233 SA Fortius 4 2001 171595 1 Net Time Charter-out Rate per day (net of commissions) 2 Estimated dates assuming midpoint of redelivery by charterers 3 Generally, Navios may excercise its purchase option after three years of service 4 Kleimar Fleet primarily utilized to fulfill contract of affreightments 5 The vessel is contracted to be sold $24.2 million in 2009; accounted for as a capital lease

11 Panamaxs...no capemax...they are hoping for a lot more ships by 2010...here is the list..Current Fleet Vessel Name Vessel Type Year Built DWT Sophia Post-Panamax 2007 87,000 Pedhoulas Leader Kamsarmax 2007 82,300 Pedhoulas Trader Kamsarmax 2006 82,300 Pedhoulas Merchant Kamsarmax 2006 82,300 Stalo Post-Panamax 2006 87,000 Marina Post-Panamax 2006 87,000 Maritsa Panamax 2005 76,000 Katerina Panamax 2004 76,000 Vassos Panamax 2004 76,000 Maria Panamax 2003 76,000 Efrossini Panamax 2003 76,000