Fleet Employment Table

Q1 2025 Fleet Employment (As of March 24, 2025)

VESSEL
BUILT DWT
SISTER SHIPS* GROSS RATE (USD PER DAY) COM** CHARTERERS DELIVERY DATE TO CHARTERERS*** REDELIVERY DATE TO OWNERS**** NOTES
9 Ultramax Bulk Carriers
1 DSI Phoenix
2017 60,456
A 16,500 5.00% Bulk Trading SA 6/May/2024 1/Aug/2025 - 30/Sep/2025
2 DSI Pollux
2015 60,446
A 14,000 4.75% Cargill Ocean Transportation (Singapore) Pte. Ltd. 28/Dec/2023 20/Aug/2025 - 20/Oct/2025
3 DSI Pyxis
2018 60,362
A 13,100 5.00% Stone Shipping Ltd 8/Nov/2024 20/Feb/2026 - 20/Apr/2026
4 DSI Polaris
2018 60,404
A 15,400 5.00% Stone Shipping Ltd 20/Jul/2024 1/Jun/2025 - 15/Aug/2025
5 DSI Pegasus
2015 60,508
A 15,250 4.75% Cargill Ocean Transportation (Singapore) Pte. Ltd 5/Sep/2024 1/Jun/2025 - 1/Aug/2025
6 DSI Aquarius
2016 60,309

B
13,300 5.00% Bunge SA, Geneva 6/Dec/2024 6/Oct/2025 - 21/Dec/2025
7 DSI Aquila
2015 60,309

B
12,500

12,250
5.00%

5.00%

Western Bulk Carriers AS
11/Nov/2023

21/Jan/2025
21/Jan/2025

23/Jun/2025 - 8/Aug/2025

1
8 DSI Altair
2016 60,309
B 15,750 5.00% Propel Shipping Pte. Ltd. 28/Sep/2024 1/Nov/2025 - 31/Dec/2025
9 DSI Andromeda
2016 60,309
B 13,500

14,000
5.00%

4.75%
Bunge SA, Geneva

Cargill Ocean Transportation (Singapore) Pte. Ltd
27/Nov/2023

29/Mar/2025
29/Mar/2025

15/Nov/2025-15/Jan/2026
2, 3

4
6 Panamax Bulk Carriers
10 LETO
2010 81,297
16,000

12,750
5.00%

4.75%
ASL Bulk Shipping Limited

Cargill International SA, Geneva
3/May/2024

31/Mar/2025
9/Mar/2025

16/Jul/2026 - 16/Sep/2026
5

4
11 SELINA
2010 75,700
C 10,500 5.00% Raffles Shipping International Pte. Ltd. 17/Oct/2024 10/Apr/2025 6
12 MAERA
2013 75,403
C 8,400 5.00% China Resource Chartering Limited 15/Dec/2024 20/Sep/2025-20/Nov/2025
13 ISMENE
2013 77,901
12,650 5.00% Paralos Shipping Pte., Ltd. 13/Sep/2023 15/Apr/2025 - 30/Jun/2025
14 CRYSTALIA
2014 77,525
D 13,900 5.00% Louis Dreyfus Company Freight Asia Pte. Ltd. 4/May/2024 4/Feb/2026 - 4/Jun/2026
15 ATALANDI
2014 77,529
D 14,600 4.75% Cargill International SA, Geneva 20/Jul/2024 1/Jun/2025 - 31/Jul/2025
6 Kamsarmax Bulk Carriers
16 MAIA
2009 82,193
E 11,600 5.00% Paralos Shipping Pte. Ltd. 9/Dec/2024 1/Nov/2025 - 31/Dec/2025
17 MYRSINI
2010 82,117
E 17,100

13,000
5.00%

4.75%
Cobelfret S.A. Luxembourg

Cargill International SA, Geneva
25/Jun/2024

26/Feb/2025
9/Feb/2025

1/Jan/2026 - 28/Feb/2026
7
18 MEDUSA
2010 82,194
E 14,250

13,000
5.00%

4.75%
ASL Bulk Shipping Limited

Cargill International SA, Geneva
14/May/2023

16/Mar/2025
21/Feb/2025

15/May/2026 - 15/Jul/2026
8
19 MYRTO
2013 82,131
E 12,000 5.00% Nippon Yusen Kabushiki Kaisha, Tokyo 23/Dec/2024 1/Mar/2026 - 15/May/2026
20 ASTARTE
2013 81,513
14,000 5.00% Paralos Shipping Pte. Ltd. 19/Aug/2024 15/Jul/2025 - 15/Sep/2025
21 LEONIDAS P. C.
2011 82,165
17,000 5.00% Ming Wah International Shipping Company Limited 22/Feb/2024 20/Aug/2025 - 20/Oct/2025
5 Post-Panamax Bulk Carriers
22 ALCMENE
2010 93,193
6,000

2,000
5.00%

5.00%
Lestari Shipping Pte Ltd

Pan Ocean Co., Ltd.
28/Dec/2024

16/Jan/2025
16/Jan/2025

8/Mar/2025


9
23 AMPHITRITE
2012 98,697
F 15,000

12,100
5.00%

5.00%

Cobelfret S.A., Luxembourg
13/Jan/2024

8/Jan/2025
8/Jan/2025

1/Jan/2026 - 15/Mar/2026
10

11
24 POLYMNIA
2012 98,704
F 17,500 5.00% Reachy Shipping (SGP) Pte. Ltd. 8 /Jun/2024 1/Aug/2025 - 30/Sept/2025
25 ELECTRA
2013 87,150
G 14,000 4.75% Aquavita International S.A. 3/Jun/2024 15/Oct/2025 - 31/Dec/2025
26 PHAIDRA
2013 87,146
G 12,000 4.75% Aquavita International S.A. 12/Oct/2024 1/May/2025 - 15/Jul/2025
8 Capesize Bulk Carriers
27 SEMIRIO
2007 174,261

H
14,150

16,650
5.00%

5.00%

Solebay Shipping Cape Company Limited, Hong Kong
18/Aug/2023

11/Feb/2025
11/Feb/2025

15/Feb/2026 - 15/Apr/2026
28 NEW YORK
2010 177,773
H 16,000

17,600
5.00%

5.00%
STX Green Logis Ltd

SwissMarine Pte. Ltd., Singapore
30/Nov/2024

11/Jan/2025
11/Jan/2025

15/Jan/2026 - 30/Mar/2026


12, 13
29 SEATTLE

2011 179,362
I 17,500 5.00% Solebay Shipping Cape Company Limited, Hong Kong 1/Oct/2023 15/Jul/2025 - 30/Sep/2025
30 P. S. PALIOS
2013 179,134
I 27,150 5.00% Bohai Shipping (HEBEI) Co., Ltd 7/May/2024 1/Nov/2025 - 31/Dec/2025
31 G. P. ZAFIRAKIS

2014 179,492
J 26,800 5.00% Nippon Yusen Kabushiki Kaisha, Tokyo 16/Sep/2024 16/Aug/2026 - 16/Nov/2026
32 SANTA BARBARA
2015 179,426
J 22,000 5.00% Mitsui O.S.K. Lines, Ltd. 27/Dec/2024 20/Oct/2025 - 20/Dec/2025 14
33 NEW ORLEANS
2015 180,960
20,000 5.00% Kawasaki Kisen Kaisha, Ltd. 7/Dec/2023 15/Aug/2025 - 31/Oct/2025 14
34 FLORIDA
2022 182,063
25,900 5.00% Bunge S.A., Geneva 29/Mar/2022 29/Jan/2027 - 29/May/2027 2
4 Newcastlemax Bulk Carriers
35 LOS ANGELES
2012 206,104
K 28,700 5.00% Nippon Yusen Kabushiki Kaisha, Tokyo 20/Jul/2024 1/Oct/2025 - 15/Dec/2025
36 PHILADELPHIA
2012 206,040
K 22,500 5.00% Nippon Yusen Kabushiki Kaisha, Tokyo 4/Feb/2024 20/Apr/2025 - 20/Jul/2025
37 SAN FRANCISCO
2017 208,006
L 22,000

26,000
5.00%

5.00%

SwissMarine Pte. Ltd., Singapore
18/Feb/2023

1/Mar/2025
1/Mar/2025

25/Oct/2026 - 25/Dec/2026
38 NEWPORT NEWS

2017 208,021

L
20,000 5.00% Nippon Yusen Kabushiki Kaisha, Tokyo 20/Sep/2023 01/Apr/2025 - 10/Jun/2025 6

* 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.

1Charterers will compensate the Owners at a rate of 115% of the average Baltic Tess 58 Supramax Index as published by the Baltic Exchange on a daily basis or double the vessel’s present charter party rate, whichever is higher, for the excess period commencing from January 10, 2025 until the actual redelivery date.
2Bareboat chartered-in for a period of ten years.
3Estimated redelivery date from the Charterers.
4Estimated delivery date to the Charterers.
5Currently without an active charterparty. Vessel on scheduled drydocking.
6Based on latest information.
7Vessel on scheduled drydocking from February 9, 2025 until February 26, 2025.
8Vessel on scheduled drydocking from February 21, 2025 until March 16, 2025.
9Vessel has been sold and it is delivered to her new Owners on March 13, 2025.
10The charter rate was US$12,250 per day for the first thirty (30) days of the charter period.
11The charter rate will be US$8,750 per day for the first fifty (50) days of the charter period.
12The charter rate will be US$6,300 per day for the first trip of the charter period.
13Vessel currently off hire for drydocking.
14Bareboat chartered-in for a period of eight years.

 

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.