Recent Ship Sales

July 2, 2010

Bulk Carriers

04/15/10              THOR TRANSIT                  23,930                                   87(23)                                   $4.3
04/27/10              RUBIN PEARL                     26,472                                   94(16)                                   $15
04/12/10              BJ QUEEN                            26,587                                   85(25)                                   $7.1
04/12/10              HANJIN PENANG             27,365                                   97(13)                                   $18
04/19/10              ARTEMIS                              28,082                                   84(26)                                   $7
04/27/10              MOON RIVER                     28,494                                   02( 8)                                     $24.7
04/15/10              PATRIOT                              31,838                                   02( 8)                                     $24
04/12/10              OCEAN RANGER               32,409                                   83(27)                                   $5.5
04/27/10              CS STAR                                32,874                                   00(10)                                   $20.5
04/12/10              MARITIME ALLIANCE      36,639                                   87(23)                                   $10
04/27/10              CONSTANTINOS G           37,940                                   83(27)                                   $7.3
04/27/10              STEEL GLORY                      39,345                                   84(26)                                   $9
04/27/10              BENARITA                           40,688                                   84(26)                                   $8.8
04/27/10              VELEBIT                                42,249                                   90(20)                                   $13.3
04/27/10              DESERT TRADER                42,294                                   85(25)                                   $10.5
04/27/10              NONI                                     44,381                                   96(14)                                   $18.8
04/27/10              MED TRUST                        48,320                                   90(20)                                   $11.4
04/27/10              ALIOS                                    49,675                                   83(27)                                   $9.3
04/27/10              AGIOS NEKTARIOS          52,600                                   88(22)                                   $8
04/08/10              HELGA SELMER                 57,000                                   10( 0)                                     $32.1
04/12/10              THERESA GUANGDONG                                                57,000                                   10( 0)     $32.8
04/12/10              THERESA SHANDONG    57,000                                   09( 1)                                     $32.8
04/27/10              CEMTEX LEADER               66,647                                   89(21)                                   $12.9
04/19/10              PEORIA                                 70,293                                   96(14)                                   $22.5
04/27/10              MAKIKI                                 73,049                                   97(13)                                   $28.1
04/15/10              MARIGO P                          73,810                                   02( 8)                                     $36
04/19/10              IORANA                               75,151                                   09( 1)                                     $41
04/08/10              ARABELLA                           75,563                                   01( 9)                                     $33.7
04/19/10              PHILOMENA L                    76,602                                   03( 7)                                     $36
04/29/10              JIN STAR                              79,800                                   10( 0)                                     $41
04/08/10              HEBEI EAGLE                      170,603                                 85(25)                                   $12
04/12/10              CAPE JACARANDA           183,863                                 95(15)                                   $37.5

Car Carriers

04/27/10              MONTE CARLO                  12,282                                   10( 0)                                     $35

Chemical Carriers

04/19/10              SOUTHERN YORK             6,545                                     03( 7)                                     $10.5
04/12/10              OSM ENCORE                    8,789                                     91(19)                                   $3.3
04/27/10              ORIENTAL ORCHID           10,308                                   98(12)                                   $9
04/27/10              BUNGA SIANTAN             16,924                                   91(19)                                   $3.1
04/08/10              SANON                                 19,817                                   04( 6)                                     $22
04/15/10              SOUTHERN EAGLE           19,908                                   07( 3)                                     $27
04/27/10              PANNA                                 37,145                                   07( 3)                                     $27
04/19/10              FR8 ADRIA                           47,300                                   95(15)                                   $26.8

Containerships

04/27/10              OCEAN PARK                     8,285                                     90(20)                                   $3.2
04/15/10              MOL EVOLUTION             17,781                                   96(14)                                   $6.4
04/08/10              IWATO                                  24,372                                   85(25)                                   $7.5
04/27/10              CITY OF LONDON             30,461                                   97(13)                                   $12
04/27/10              PRIDE                                    35,592                                   96(14)                                   $8.5
04/27/10              GRAND VISION                 44,005                                   91(19)                                   $6.8
04/15/10              MSC BLACK SEA                44,014                                   90(20)                                   $6.7
04/15/10              MARMARA SEA                44,014                                   90(20)                                   $6.7

Gas Carriers

04/15/10              ZEPHYR                                 1,296                                     86(24)                                   $1.2
04/29/10              GAS PROPHET                   2,999                                     96(14)                                   $6.7
04/27/10              GAZ GALAXY                      7,155                                     02( 8)                                     $20

Tankers

04/19/10              HIGH RIDER                        41,502                                   91(19)                                   $6.7
04/12/10              ARIADNE JACOB               74,896                                   07( 3)                                     $43.5
04/12/10              COLIN JACOB                     74,896                                   07( 3)                                     $43.5
04/27/10              LIVIA                                     93,600                                   03( 7)                                     $38
04/19/10              FALSTER SPIRIT                 95,416                                   95(15)                                   $17
04/08/10              TAIYOH I                              96,114                                   91(19)                                   $6
04/19/10              BALTIC SEA                         97,046                                   93(17)                                   $12.5
04/08/10              ARSOS                                  107,500                                 10( 0)                                     $52
04/27/10              WALTZ                                  150,393                                 08( 2)                                     $66.2
04/27/10              TANGO                                 150,393                                 08( 2)                                     $66.2
04/27/10              SANKO UNITY                    298,920                                 00(10)                                   $62
04/29/10              ATLANTIS GLORY              319,300                                 10( 0)                                     $110
04/29/10              ANDROMEDA GLORY     321,300                                 09( 1)                                     $106
04/29/10              CALLISTO GLORY              321,300                                 09( 1)                                     $106

Tweendeckers

04/27/10              ELVITA 1                               2,703                                     79(31)                                   $.3
04/12/10              ELTSEN                                 6,471                                     81(29)                                   $.8
04/08/10              OLIVA                                   12,349                                   85(25)                                   $3

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