TBS International Limited has taken delivery of the M.V. Fox Maiden, previously known as the Explorer, a 1985 built, 40,902 dwt handymax bulk carrier. The Company had agreed to acquire this vessel charter free for $35.5 million in June 2008. With this delivery, TBS' current fleet comprises 46 vessels with an aggregate of 1,390,473 dwt, consisting of 23 tweendeckers and 23 handymax/ handysize bulk carriers.