Including this agreement and the previously announced agreements, the Company has contracted to acquire four second-hand vessels: i) the 2011-built, Panamax class, MV Paraskevi 2, delivered to the company in 8 March 2021; ii) the 2013-built, Panamax class, MV Koulitsa 2, delivered to the company in 26 July 2021; iii) the 2013-built, Post-Panamax class vessel to be named MV Venus Harmony, scheduled to be delivered in October 2021; and iv) upon the exercise of the purchase option, the 2012-built, Capesize class vessel, to be named MV Stelios Y, scheduled to be delivered in the fourth quarter of 2021, having sold six vessels and having an order book of eight Japanese new-build vessels.

Dr. Loukas Barmparis, President of the Company commented: “Selective second-hand acquisitions and new-build orders are within the context of our fleet renewal strategy.”