<SEC-DOCUMENT>0000919574-22-001923.txt : 20220225
<SEC-HEADER>0000919574-22-001923.hdr.sgml : 20220225
<ACCEPTANCE-DATETIME>20220225114721
ACCESSION NUMBER:		0000919574-22-001923
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220228
FILED AS OF DATE:		20220225
DATE AS OF CHANGE:		20220225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIANA SHIPPING INC.
		CENTRAL INDEX KEY:			0001318885
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32458
		FILM NUMBER:		22676867

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-947-0100

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d9175979_6-k.htm
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of February 2022</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-32458</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
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    <div style="font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</div>
    <div><br>
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    <div style="font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security
      holders.</div>
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    </div>
    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant
      foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which
      the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
      subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated February 25, 2022 of Diana Shipping Inc. (the "Company") announcing the Company&#8217;s
      financial results for the fourth quarter and year ended December 31, 2021.</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No.
      333-256791) that was filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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    <div style="font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="margin-left: 21.6pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="font-family: 'Times New Roman', serif;">Dated: February 25, 2022</div>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;"><u>/s/ </u><font style="color: #000000;"><u>Ioannis Zafirakis</u></font></div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Chief Financial Officer</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
    <div><br>
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              <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Director, Chief Financial Officer, Chief Strategy Officer,</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Treasurer and Secretary</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Telephone: + 30-210-9470100</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>izafirakis@dianashippinginc.com</u></font></div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Website: <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font></div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Twitter: @Dianaship</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Edward Nebb</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>enebb@optonline.net</u></font></div>
            </td>
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        <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS</div>
        <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2021</div>
        <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">DECLARES CASH DIVIDEND OF 20 CENTS PER SHARE FOR THE FOURTH QUARTER OF 2021</div>
      </div>
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      <div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">ATHENS, GREECE, February 25, 2022 &#8211; Diana Shipping Inc. (NYSE: DSX), (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of dry bulk vessels, today
          reported net income of $41.1 million and net income attributed to common stockholders of $39.7 million for the fourth quarter of 2021, including a gain of $15.3 million from the spin-off of OceanPal Inc. This compares to a net loss of $7.4
          million and net loss attributed to common stockholders of $8.9 million, including a $1.9 million impairment loss, reported in the fourth quarter of 2020.</div>
        <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif;"> </font><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">Time charter revenues were $68.8 million for the fourth quarter of 2021, compared to $42.7 million for the same quarter of 2020. The increase in time charter revenues was
          mainly due to increased average time charter rates that the Company achieved for its vessels during the quarter. This increase was partly offset by decreased revenues due to decreased ownership days compared to last year, resulting from the sale
          of vessels.</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">Net income for the year ended December 31, 2021 amounted to $57.4 million and net income attributed to common stockholders amounted to $51.6 million, including a $1.4 million
          gain on sale of vessels and $15.3 million gain from the spin-off of OceanPal Inc. This compares to a net loss of $134.2 million and net loss attributed to common stockholders of $140.0 million, including a $104.4 million impairment loss and $1.1
          million loss on sale of vessels, for the same period of 2020. Time charter revenues were $214.2 million for the year ended December 31, 2021, compared to $169.7 million for the same period of 2020.</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif; font-weight: bold;">Dividend Declaration</div>
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        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Company declared a cash dividend on its common stock of $0.20 per share, based on the Company&#8217;s results of operations during the fourth quarter ended December 31, 2021.
          The cash dividend will be payable on or about March 21, 2022 to all shareholders of record as of March 9, 2022. The Company has 84.67 million shares of common stock issued and outstanding.</div>
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          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-1-</font></div>
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              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Fleet Employment Profile (As of February 24, 2022)</div>
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              <div style="color: #000000; font-family: 'Times New Roman', serif;">Diana Shipping Inc.&#8217;s fleet is employed as follows:</div>
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            <td style="width: 13.41%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Vessel</div>
            </td>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Sister Ships*</div>
            </td>
            <td rowspan="2" style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Gross Rate </div>
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(USD Per Day)</div>
            </td>
            <td rowspan="2" style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Com**</div>
            </td>
            <td rowspan="2" style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Charterers</div>
            </td>
            <td rowspan="2" style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Delivery Date to Charterers***</div>
            </td>
            <td rowspan="2" style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Redelivery Date to Owners****</div>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Notes</div>
            </td>
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            <td nowrap="nowrap" style="width: 3.52%; vertical-align: bottom; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">BUILT&#160; &#160; DWT</div>
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            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <td colspan="8" style="width: 96.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">8 Panamax Bulk Carriers</div>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">-</div>
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              <div style="color: #000000; font-family: 'Times New Roman', serif;">PROTEFS</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">A</div>
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            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$10,650</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Reachy International (HK) Co., Limited</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">8-Feb-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">29-Nov-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1</div>
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          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
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            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">-</div>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">CALIPSO</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">A</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$10,400</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Viterra Chartering B.V., Rotterdam</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">22-Jan-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">29-Nov-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1</div>
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          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2005&#160; &#160; 73,691</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">1</div>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">MELIA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$25,750</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Viterra Chartering B.V., Rotterdam</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11-Jun-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">7-Apr-22 - 7-Jun-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2005&#160; &#160;&#160; 76,225</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">2</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ARTEMIS</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$10,250</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Glencore Agriculture B.V., Rotterdam</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">30-Nov-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">10-Mar-22 - 25-Mar-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2006&#160; &#160;&#160; 76,942</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">3</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">LETO</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$9,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">21-May-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">3-Oct-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$25,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Aquavita International S.A.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">3-Oct-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Feb-23 - 15-Apr-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2010&#160; &#160;&#160; 81,297</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">4</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">SELINA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">B</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$26,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">ASL Bulk Shipping HK Limited</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Jun-22 - 15-Sep-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2010&#160; &#160;&#160; 75,700</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">5</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">MAERA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">B</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$26,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">ASL Bulk Shipping HK Limited</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">18-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Oct-22 - 15-Dec-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2013&#160; &#160;&#160; 75,403</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">6</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ISMENE</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$16,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Tongli Shipping Pte. Ltd.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11-Mar-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">23-Nov-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$18,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">23-Nov-21</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Dec-22 - 15-Feb-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2013&#160; &#160;&#160; 77,901</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">7</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
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            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">C</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$26,100</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Uniper Global Commodities SE, D&#252;sseldorf</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">21-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Oct-22 - 15-Dec-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2014&#160; &#160; 77,525</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">8</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ATALANDI</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">C</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$9,300</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Uniper Global Commodities SE, D&#252;sseldorf</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">14-Jun-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5-Oct-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$24,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Aquavita International S.A.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5-Oct-21</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Feb-23 - 30-Apr-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2014&#160; &#160; 77,529</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td colspan="8" style="width: 96.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">6 Kamsarmax Bulk Carriers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">9</div>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">MAIA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">D</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$25,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Viterra Chartering B.V., Rotterdam</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">20-Jun-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-May-22 - 30-Jun-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2009&#160; &#160;&#160; 82,193</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">10</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">MYRSINI</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">D</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$27,750</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Bocimar International N.V.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11-May-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Nov-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$22,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Nov-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Dec-22 - 31-Jan-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2010&#160; &#160;&#160; 82,117</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">11</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">MEDUSA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">D</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$11,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">19-Nov-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">3-Mar-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2010&#160; &#160;&#160; 82,194</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">12</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">MYRTO</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">D</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$28,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Solebay Shipping Transocean Company Limited</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">10-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Aug-22 - 15-Oct-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2013&#160; &#160;&#160; 82,131</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">13</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ASTARTE</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$25,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Mitsui O.S.K. Lines Ltd.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">20-May-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">28-Dec-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4,5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$21,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Tongli Shipping Pte. Ltd.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">30-Jan-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Apr-23 - 15-Jun-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2013&#160; &#160;&#160; 81,513</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
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        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-2-</font></div>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">14</div>
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            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
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            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
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            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
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            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">18-Feb-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
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            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">6</div>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">
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            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td colspan="8" style="width: 96.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">5 Post-Panamax Bulk Carriers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">15</div>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ALCMENE</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$25,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Refined Success Limited</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">28-Jul-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">25-Nov-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">7</div>
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          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$17,100</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">SwissMarine Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">25-Nov-21</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">20-Dec-22 - 5-Mar-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2010&#160; &#160;&#160; 93,193</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">16</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">AMPHITRITE</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">E</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$27,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">BG Shipping Co., Limited, Hong Kong</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">13-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Oct-22 - 15-Dec-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2012&#160; &#160;&#160; 98,697</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">17</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">POLYMNIA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">E</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$12,100</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td rowspan="2" style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">CLdN Cobelfret SA, Luxembourg</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">22-Nov-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4-Feb-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$24,750</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4-Feb-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Jan-23 - 15-Mar-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2012&#160; &#160; 98,704</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">18</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ELECTRA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">F</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$21,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Tongli Shipping Pte. Ltd.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">28-Apr-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">10-Mar-22 - 10-Apr-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2013&#160; &#160; 87,150</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">19</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">PHAIDRA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">F</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$28,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Uniper Global Commodities SE, D&#252;sseldorf</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Jul-22 - 15-Sep-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2013&#160; &#160; 87,146</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td colspan="8" style="width: 96.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(11 + 1 TBD) Capesize Bulk Carriers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">20</div>
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            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ALIKI</div>
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            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$20,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Solebay Shipping Cape Company Limited, Hong Kong</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">18-Mar-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">21-Feb-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$24,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Koch Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">21-Feb-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Feb-23 - 15-Apr-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2005&#160; &#160; 180,235</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">21</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">BALTIMORE</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$56,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Olam International Limited, Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">27-Sep-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">27-Dec-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$10,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
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            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Trafigura Maritime Logistics Pte. Ltd.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">8-Feb-22</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4-Apr-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">9,10</div>
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          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2005&#160; &#160; 177,243</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">-</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
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            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$13,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">C Transport Maritime Ltd., Bermuda</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">9-Jan-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">29-Nov-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1</div>
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          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2005&#160; &#160; 171,810</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">22</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">SEMIRIO</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">G</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$13,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">SwissMarine Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Jan-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Dec-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$19,700</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">C Transport Maritime Ltd., Bermuda</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Dec-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Aug-23 - 15-Nov-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2007&#160; &#160; 174,261</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">23</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">BOSTON</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">G</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$25,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">C Transport Maritime Ltd., Bermuda</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">16-Jun-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Apr-22 - 15-Jun-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2007&#160; &#160; 177,828</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">24</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">HOUSTON</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">G</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$27,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Koch Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">30-Aug-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Jul-22 - 15-Oct-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2009&#160; &#160; 177,729</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">25</div>
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            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">NEW YORK</div>
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            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">G</div>
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            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$14,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">EGPN Bulk Carrier Co., Limited, Hong Kong</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">29-Dec-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">16-Apr-22 - 30-Jun-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2010&#160; &#160; 177,773</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">26</div>
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            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">SEATTLE</div>
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            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">H</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$12,300</div>
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            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Pacbulk Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">27-Apr-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">27-Feb-22</div>
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            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11</div>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$26,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Solebay Shipping Cape Company Limited, Hong Kong</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">27-Feb-22</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Oct-23 - 15-Dec-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">12</div>
            </td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2011&#160; &#160;&#160; 179,362</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">27</div>
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            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
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            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
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            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Olam International Limited, Singapore</div>
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            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5-Jun-21</div>
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            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">7-Mar-22 - 15-Apr-22</div>
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            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2</div>
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            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">28</div>
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            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
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            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$13,200</div>
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            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Koch Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">31-May-20</div>
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            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Dec-21</div>
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            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
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            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$22,750</div>
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            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
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            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Dec-21</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Nov-22 - 31-Dec-22</div>
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            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2014&#160; &#160; 179,492</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">29</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">SANTA BARBARA</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">I</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$17,250</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">4.75%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Cargill International S.A., Geneva</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">9-Jan-21</div>
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            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">6-Mar-22 - 12-Mar-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2,13</div>
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            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2015&#160; &#160;&#160; 179,426</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">30</div>
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            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
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            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$15,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Nippon Yusen Kabushiki Kaisha</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">3-Dec-20</div>
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            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">8-Mar-22 - 25-Mar-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2</div>
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            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2015&#160; &#160; 180,960</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">31</div>
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            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(tbn. FLORIDA)</div>
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            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
            <td rowspan="2" style="width: 7.86%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">-</div>
            </td>
            <td rowspan="2" style="width: 7.05%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td rowspan="2" style="width: 21.14%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td rowspan="2" style="width: 10.16%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td rowspan="2" style="width: 22.36%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td rowspan="2" style="width: 6.78%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">14,15</div>
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          <tr>
            <td colspan="2" style="width: 16.94%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
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            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2022&#160;&#160; 181,500</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td colspan="8" style="width: 96.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">4 Newcastlemax Bulk Carriers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">32</div>
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            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">LOS ANGELES</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">J</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$14,250</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Engelhart CTP Freight (Switzerland) SA</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">6-Jun-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">23-Dec-21</div>
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            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">16</div>
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          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$26,250</div>
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            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Koch Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">30-Jan-22</div>
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            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">15-Jan-23 - 15-Mar-23</div>
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            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2012&#160; &#160; 206,104</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">33</div>
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            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">PHILADELPHIA</div>
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            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">J</div>
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            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$28,500</div>
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            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Classic Maritime Inc.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">22-Apr-21</div>
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            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">7-Mar-22 - 16-Mar-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2</div>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2012&#160; &#160; 206,040</div>
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            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">34</div>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">SAN FRANCISCO</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">K</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$24,700</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Olam International Limited, Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11-Feb-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">18-Feb-22</div>
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            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">17,18</div>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$30,500</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 21.14%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Koch Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">18-Feb-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Mar-23 - 15-May-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">&#160;</td>
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          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2017&#160;&#160; 208,006</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">35</div>
            </td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">NEWPORT NEWS</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">K</div>
            </td>
            <td style="width: 7.86%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$18,400</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td rowspan="2" style="width: 21.14%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Koch Shipping Pte. Ltd., Singapore</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">8-Sep-20</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">16-Dec-21</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle; border-top: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top;">&#160;</td>
            <td style="width: 7.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">$28,000</div>
            </td>
            <td style="width: 7.05%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">5.00%</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">16-Dec-21</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">1-Jul-23&#160; -&#160; 30/Sep/2023</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">19</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2017&#160;&#160; 208,021</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.86%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 7.05%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 21.14%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10.16%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 22.36%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 6.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;"> <br>
              </div>
              <div style="color: #000000; font-family: 'Times New Roman', serif;">** Total commission percentage paid to third parties.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">*** 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.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">**** Range of redelivery dates, with the actual date of redelivery being at the Charterers&#8217; option, but subject to the terms, conditions, and exceptions of the particular
                charterparty.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">1 Vessel was delivered to her new owners on November 29, 2021.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2 Based on latest information.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3 Vessel off-hire for about 29 days.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">4 The charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (December 15, 2021), with hire rate equal to the average of
                Baltic Panamax 82 Index 5TC weighted time charter average or the vessel&#8217;s present Charter Party rate, whichever is higher.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5 Vessel on scheduled drydocking from December 28, 2021 to January 30, 2022.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">6 Vessel was delivered to the Company on February 16, 2022.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">7 Charterers compensated owners with hire equal to the average of BPI P3A_82 route for the overrun days starting on October 30, 2021 and paid pro rata until the actual
                redelivery date and time of the vessel back to owners and only in case the BPI P3A_82 route for the overrun days was higher than current hire rate i.e. USD25,500 otherwise current hire rate to remain for that day.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">8 Charterers have agreed to compensate the owners, for all the days over and above the new maximum redelivery date (January 13, 2022), with hire rate equal to the average of
                Baltic Panamax 82 Index 5TC weighted time charter average plus 15% or vessel&#8217;s present Charter Party rate, whichever is higher.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">9 Redelivery date based on an estimated time charter trip duration of about 55 days.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10 Charter included a one time ballast bonus payment of US$1,000,000.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">11 Expected redelivery date from the charterers.</div>
            </td>
          </tr>

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          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">12 Expected delivery date to the charterers.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13 Charterers have agreed to compensate the owners, for all the days over and above the maximum redelivery date (March 5, 2022), with hire rate equal to the average of Baltic
                Cape Index 5TC weighted time charter average plus 23% or vessel&#8217;s present Charter Party rate, whichever is higher.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">14 The dwt is based on shipbuilding contract.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">15 Expected date of delivery to the Company by the end of the first quarter of 2022.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">16 Vessel on scheduled drydocking from December 23, 2021 to January 30, 2022.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">17 The charter rate was US$17,750 per day for the first one hundred five (105) days of the charter period.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">18 Vessel on scheduled drydocking from November 2, 2021 to November 20, 2021.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">19 Vessel currently off hire for drydocking.</div>
            </td>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-4-</font></div>
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          <tr>
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              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Summary of Selected Financial &amp; Other Data (unaudited)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Time charter revenues</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">68,845</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">42,657</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">214,203</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Voyage expenses</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">821</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,020</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,570</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13,525</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel operating expenses</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">18,194</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">22,407</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">74,756</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">85,847</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net income/(loss)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">41,140</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(7,430</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">57,394</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(134,197</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net income/(loss) attributed to common stockholders</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">39,698</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(8,872</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">51,625</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(139,966</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FLEET DATA</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Average number of vessels</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">35.0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">40.0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">36.6</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">40.8</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Number of vessels</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">33.0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">40.0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">33.0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">40.0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Weighted average age of vessels</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10.4</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10.2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10.4</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10.2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Ownership days</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,216</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,680</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13,359</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">14,931</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Available days</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,184</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,623</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13,239</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">14,318</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Operating days</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,171</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,610</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13,116</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">14,020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Fleet utilization</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">99.6</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">99.6</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">99.1</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">97.9</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">AVERAGE DAILY RESULTS</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Time charter equivalent (TCE) rate (1)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">21,364</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10,940</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">15,759</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10,910</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Daily vessel operating expenses (2)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,657</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">6,089</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,596</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,750</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>

      </table>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="font-family: 'Times New Roman', serif; font-weight: bold;">Non-GAAP Measures</div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt;"><font style="font-family: 'Times New Roman', serif;"> </font><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zac93d7a267d642d8a9cc04f86398d743">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right; font-family: 'Times New Roman', serif;">(1)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: 'Times New Roman', serif;">Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period,
                  which is consistent with industry standards.&#160; Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions.&#160; TCE is a non-GAAP measure.&#160; TCE rate is a standard shipping industry performance measure used
                  primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day
                  amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <div style="text-align: justify;"><br>
        </div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z92d105d4ae1c42ddb426b4dbe285d35f">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right; font-family: 'Times New Roman', serif;">(2)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: 'Times New Roman', serif;">Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores,
                  tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-5-</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div>
        <div style="font-family: 'Times New Roman', serif; font-weight: bold;">Conference Call and Webcast Information</div>
      </div>
      <div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Company&#8217;s management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Friday, February 25, 2022.</div>
        <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif;"> </font><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">Investors may access the webcast by visiting the Company&#8217;s website at <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font>, and clicking on the webcast link.
          An accompanying investor presentation also will be available via the webcast link and on the Company&#8217;s website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for
          international callers), and asking the operator for the Diana Shipping Inc. conference call.</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font>.
          A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13726800.</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
      </div>
      <div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company&#8217;s vessels are employed primarily on short
          to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.</div>
      </div>
      <div>
        <div><br>
        </div>
        <div style="font-family: 'Times New Roman', serif; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      </div>
      <div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for
          forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and
          underlying assumptions and other statements, which are other than statements of historical facts.</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in
          connection with this safe harbor legislation. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify forward-looking statements.</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without
          limitation, Company management&#8217;s examination of historical operating trends, data contained in the Company&#8217;s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made,
          because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company&#8217;s control, the Company cannot assure you that it will achieve or accomplish
          these expectations, beliefs or projections.</div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-6-</font></div>
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            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif;">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially from those discussed in the
          forward-looking statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses&#8217; and governments&#8217; responses to the pandemic on our operations, personnel, and on the demand for
          seaborne transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the
          Company&#8217;s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company&#8217;s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory
          authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of
          off-hires and other factors. Please see the Company&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any
          forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: center; font-family: 'Times New Roman', serif;">(See financial tables attached)</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-7-</font></div>
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div><br>
        </div>
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      <table cellspacing="0" cellpadding="0" class="cfttable" id="zcd49cae9978c4b0a94824be261f30876" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FINANCIAL TABLES</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Expressed in thousands of U.S. Dollars, except share and per share data</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)</div>
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
              </div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">REVENUES:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Time charter revenues</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">68,845</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">42,657</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">214,203</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">169,733</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">EXPENSES:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Voyage expenses</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">821</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">3,020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,570</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13,525</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel operating expenses</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">18,194</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">22,407</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">74,756</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">85,847</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Depreciation and amortization of deferred charges</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
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            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10,309</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">40,492</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">42,991</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">General and administrative expenses</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">8,130</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">7,030</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">29,192</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">32,778</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Management fees to related party</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">238</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">506</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">1,432</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2,017</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel impairment charges</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">1,869</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">104,395</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(Gain)/loss on sale of vessels</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,360</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">1,085</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; padding-bottom: 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Other expense/(gain)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">303</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(359</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">603</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(230</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Operating income/(loss)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">31,070</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,125</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">63,518</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(112,675</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 52%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OTHER INCOME / (EXPENSES):</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Interest expense and finance costs</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(5,216</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(4,632</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(20,239</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(21,514</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Interest and other income</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">97</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">35</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">176</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">728</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(Loss)/gain on extinguishment of debt</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(980</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">374</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(Loss)/gain on related party investments</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">15,189</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(708</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">14,919</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,110</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 2%; width: 52%; padding-bottom: 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Total other income/(expenses), net</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10,070</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(5,305</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(6,124</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(21,522</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net income/(loss)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">41,140</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(7,430</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">57,394</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(134,197</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Dividends on series B preferred shares</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,442</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,442</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(5,769</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(5,769</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net income/(loss) attributed to common stockholders</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">39,698</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(8,872</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">51,625</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(139,966</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Earnings/(loss) per common share, basic</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">0.51</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(0.10</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">0.64</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1.62</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 52%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Earnings/(loss) per common share, diluted</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">0.48</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(0.10</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">0.61</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1.62</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted average number of common shares, basic</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">78,495,204</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">86,799,922</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">81,121,781</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">86,143,556</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted average number of common shares, diluted</div>
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            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">83,432,834</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">86,799,922</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">84,856,840</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">86,143,556</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">2021</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">2020</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">2021</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">2020</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net income/(loss)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">41,140</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(7,430</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">57,394</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(134,197</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Other comprehensive income/(loss) (Actuarial income/(loss))</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(20</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(40</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Comprehensive income/(loss)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">41,142</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(7,450</div>
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              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">57,396</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(134,237</div>
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              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
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        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">-8-</font></div>
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              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">CONDENSED CONSOLIDATED BALANCE SHEET DATA</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">December 31, 2021</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">December 31, 2020</font>*</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
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          <tr>
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              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>ASSETS</u></div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;"> (unaudited)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">126,788</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">82,909</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Other current assets</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">15,566</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">41,752</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Vessels, net</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">643,450</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">716,178</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Other fixed assets, net</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">39,129</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">21,704</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Investments in related parties</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">7,644</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Other non-current assets</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">9,582</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">9,867</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Total assets</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">842,159</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">872,410</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>LIABILITIES AND STOCKHOLDERS' EQUITY</u></div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 76%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Long-term debt, net of deferred financing costs</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">423,675</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">420,314</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Other liabilities</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">25,080</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">23,526</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Total stockholders' equity</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">393,404</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">428,570</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 76%; padding-bottom: 4px;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Total liabilities and stockholders' equity</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">842,159</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">872,410</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 76%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <tr>
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              <div style="color: #000000; font-family: 'Times New Roman', serif;">*</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">The balance sheet data have been derived from the audited consolidated financial statements at that date.</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" colspan="16" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OTHER FINANCIAL DATA (unaudited)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2020</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Net cash provided by operating activities</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">32,216</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,927</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">89,705</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">17,234</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Net cash provided by/(used in) investing activities</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(14,702</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,114</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">13,363</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">10,484</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Net cash used in financing activities</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(36,975</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(12,290</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(59,189</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(73,097</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 10pt;"><br>
      </div>
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  <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-9-</font></div>
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