Fleet

JUN. 30, 2010

Bulk Carriers

Name of Vessel Deadweight Tons (L/T) Built (Year) TOYOKUNI 292,884 2009 RIGEL 292,871 2009 GRANDE PROGRESSO 292,655 2008 BAOGANG GLORY 204,543 2008 CAPE ACACIA 202,979 2005 CAPE MAPLE 202,947 2005 CAPE ALLIANCE 202,933 2007 CAPE VANGUARD 202,924 2006 CAPE ROSA 199,954 2005 CAPE DAISY 199,944 2006 CAPE UNITED 199,929 2007 CAPE PROGRESS 182,983 2006 CAPE ENTERPRISE 182,973 2003 CAPE LIBERTY 182,963 2005 CAPE FUTURE 182,885 2002 NONI M 180,959 1995 CAPE TSUBAKI 179,832 2010 CAPE YAMABUKI 179,651 2010 CAPE LAUREL 177,351 2010 CAPE APRICOT 177,462 2004 CAPE VIOLET 177,426 2009 CAPE TREASURE 177,354 2007 F.D.LUIGI D'AMATO 177,338 2006 CAPE FRONTIER 177,160 2006 MARIJEANNIE 176,960 2009 MARIPERLA 176,920 2009 MARIVICTORIA 176,919 2009 E.R.BOURGOGNE 176,151 2010 E.R.BAYONNE 176,151 2010 CAPE GARLAND 175,577 2009 CAPE FUSHEN 175,081 2008 PARAPOLA 174,929 2009 CAPE SENTOSA 174,526 2003 CAPE GLORY 174,375 2003 CAPE LILAC 174,207 2007 CAPE TRUST 174,131 2006 CAPE TRIUMPH 173,557 2004 CAPE GRACE 173,485 2005 CHINA STEEL INTEGRITY 172,999 2002 CAPE WISTERIA 170,115 1997 CAPE ORCHID 169,843 2001 CAPE SALVIA 169,834 2002 CAPE CAMELLIA 169,778 2000 CAPE AWOBA 169,262 1996 CAPE WAKABA 169,262 1996 CAPE AZALEA 169,132 1996 CAPE LOTUS 168,083 2000 CAPE HOPE 168,063 2000 CAPE OCEAN 167,936 1994 NIGHTWING 167,315 2006 CAPE OLIVE 167,279 1996 SARAJI TRADER 167,223 1997 CSK RADIANCE 166,927 2001 CAPE FLORA 161,765 2000 BRILLIANT RIVER 151,813 1994 CAPE SOPHIA 97,482 2005 VIJAYANAGAR 80,873 2010 PANTERA ROSA 77,599 2009 MITOSE 76,157 2008 RONDEAU 75,814 2006 DELPHINUS 75,732 2007 THALASSA 75,730 2003 ALESSANDRO VOLTA 75,592 2005 DRAKE 75,568 2006 ROYAL BREEZE 75,467 2002 MARITIME SUZANA 75,409 2005 YUSHO REGULUS 75,389 2006 MISHIMA 75,389 2002 AMAPOLA 75,388 2002 YUSHO SPICA 75,388 2006 AMARANTHA 75,388 2005 SERENATA 75,352 2006 DOLCE 75,316 2007 NEREID 73,122 2001 FREIA 73,096 2003 MERCURY K 71,277 1997 LEGATO 70,944 1999 PLEIADES 67,873 1997 KENTA 62,697 2010 TORENIA 55,164 2007 SUNNY ACE 55,005 2005 IKARUGA 54,014 2007 SPARNA 54,014 2006 SIMURGH 54,002 2005 SUZAKU 53,945 2006 KARAWEIK 53,195 2006 NAVIOS PRIMAVERA 52,620 2007 VINCA 51,618 2006 LOTUS 51,588 2001 BORON NAVIGATOR 49,545 2001 SPEEDWELL 49,534 2003 SAFFRON 49,521 2003 SALVIA 47,503 2000 ARMERIA 47,344 2003 MARGUERITE 46,557 2002 CORAL ACE 46,539 1999 GLORY ACE 45,883 1999 CAMPANULA 32,073 2007 ASTER K 31,888 2006 BRODIAEA 31,790 2010 TRITONIA 31,776 2007 GLORIOSA I 31,774 2008 RANUNCULUS 29,209 2005 SAT BELLATRIX 28,018 2009 SAT NUNKI 28,000 2008 INFINITY RIVER 27,983 2008

Woodchips Carriers

Name of Vessel Deadweight Tons (L/T) Built (Year) EDEN MARU 62,631 1989 UNIVERSAL GLORIA 61,725 2004 HOKUETSU IBIS 59,571 2008 FOREST PRINCESS 50,344 1998 ARISO 49,101 1996 FOREST CREATOR 49,076 1996 FOREST HARMONY 48,818 2007 DAIO AZALEA 48,797 1995 GLOBULUS 48,792 1995 SENDAI SPIRIT 48,738 2008 SWEET BRIER 48,725 2008 DYNAGREEN 46,552 2002 RAICHO ll 46,124 1990 FREESIA 44,815 1989 CHIPSTAR 44,560 1997

Pulp Carrier

Name of Vessel Deadweight Tons (L/T) Built (Year) PAN PAC SPIRIT 35,890 1999

Thermal coal Carriers

(OVER PANAMAX)

Name of Vessel Deadweight Tons (M/T) Built (Year) CORONA ACE 77,447 1994 CORONA DYNAMIC 77,283 1998 CORONA EMBLEM 77,302 1998 CORONA FRONTIER 88,291 2000 CORONA GARLAND 88,222 2000 CORONA HORIZON 88,315 2000 CORONA INFINITY 88,233 2002 CORONA JOYFUL 88,233 2003 CORONA KINGDOM 88,233 2004 CORONA LIONS 86,141 2007 CORONA MAJESTY 88,159 2007 CORONA NATURE 86,356 2009 CORONA OPTIMUM 86,715 2009 MAIZURU BENTEN 86,779 2010 KINKO MARU 91,860 2001 CHUBU MARU 91,384 1997 SUIREI MARU 89,000 1996 JP GUNJO 88,172 2006 TOHOKU MARU 88,172 2009 MARINA 87,000 2006

(PANAMAX)

Name of Vessel Deadweight Tons (M/T) Built (Year) PEDHOULAS TRADER 82,214 2006 EMERALD STREAM 76,858 2003 OPAL STREAM 76,845 2003 DIAMOND STREAM 76,741 2006 RUBY STREAM 76,728 2005