<SEC-DOCUMENT>0000919574-22-003625.txt : 20220525
<SEC-HEADER>0000919574-22-003625.hdr.sgml : 20220525
<ACCEPTANCE-DATETIME>20220525154900
ACCESSION NUMBER:		0000919574-22-003625
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220531
FILED AS OF DATE:		20220525
DATE AS OF CHANGE:		20220525

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:		22962738

	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>d9517078_6-k.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Seward & Kissel LLP
         Document created using EDGARfilings PROfile 8.2.0.0
         Copyright 1995 - 2022 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <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>
    <div><br>
    </div>
    <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>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of May 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>
    <div><br>
    </div>
    <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>
    </div>
    <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>
    </div>
    <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>
    <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)(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>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <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 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="text-align: justify; 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 May 24, 2022 of Diana Shipping Inc. (the "Company") announcing
      the Company&#8217;s financial results for the first quarter ended March 31, 2022.</div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt; color: #000000; 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>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <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 style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <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>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za3e40936a5f64680874833375eccc605">

        <tr>
          <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>
        </tr>
        <tr>
          <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>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Dated: May 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/ Ioannis Zafirakis</u></div>
          </td>
        </tr>
        <tr>
          <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="font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
          </td>
        </tr>
        <tr>
          <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="font-family: 'Times New Roman', serif;">Chief Financial Officer</div>
          </td>
        </tr>
        <tr>
          <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>
        <tr>
          <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>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <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>
    <!--PROfilePageNumberReset%Num%1%-%-%-->
    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z1ef2ba6298cf409b8330f15dccb5e2fd">

          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Telephone: + 30-210-9470100</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>izafirakis@dianashippinginc.com</u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Website: <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Twitter: <font style="color: #0000FF;"><u>@Dianaship</u></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">For Immediate Release</div>
            </td>
            <td style="width: 55.31%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Edward Nebb</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.69%; vertical-align: top;">&#160;</td>
            <td style="width: 55.31%; vertical-align: top;">
              <div style="margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>enebb@optonline.net</u></font></div>
              <div>&#160;</div>
            </td>
          </tr>

      </table>
      <div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;">DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS</div>
        <div style="text-align: center; font-weight: bold;">FOR THE FIRST QUARTER ENDED MARCH 31, 2022;</div>
        <div style="text-align: center; font-weight: bold;">DECLARES CASH DIVIDEND OF 25 CENTS PER SHARE FOR THE FIRST QUARTER OF 2022</div>
      </div>
      <div>
        <div style="margin-bottom: 10pt;"><br>
        </div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; margin-bottom: 12pt;">ATHENS, GREECE, May 24, 2022 &#8211; Diana Shipping Inc. (NYSE: DSX), (the &#8220;Company&#8221;), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today
          reported net income of $26.0 million and net income attributed to common stockholders of $24.6 million for the first quarter of 2022. This compares to a net loss of $1.3 million and net loss attributed to common stockholders of $2.7 million
          reported in the first quarter of 2021. Earnings per share for the first quarter of 2022 was $0.32 basic and $0.31 diluted, compared to loss per share of $0.03 basic and diluted in the same quarter in 2021.</div>
        <div style="text-align: justify; margin-bottom: 12pt;">Time charter revenues were $65.9 million for the first quarter of 2022, compared to $41.1 million for the same quarter of 2021. The increase in time charter revenues was due to increased
          average time charter rates that the Company achieved for its vessels during the quarter. This increase was partly offset by decreased ownership days compared to the same quarter of last year, which was due to vessel sales and a spin-off in
          November 2021.</div>
        <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Dividend Declaration</div>
        <div style="text-align: justify; margin-bottom: 12pt;">The Company has declared a cash dividend on its common stock of $0.25 per share, based on the Company&#8217;s results of operations during the first quarter ended March 31, 2022. The cash dividend
          will be payable on or about June 17, 2022 to all shareholders of record as of June 6, 2022. The Company currently has 86,142,258 common shares issued and outstanding.</div>
        <div><br>
        </div>
      </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;">-1-</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 style="margin-bottom: 10pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9322f0d1604c42e08de553c387a3a302">

          <tr>
            <td nowrap="nowrap" style="width: 3.52%; vertical-align: bottom; text-align: center;">&#160;</td>
            <td colspan="8" style="width: 96.48%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Fleet Employment Profile (As of May 23, 2022)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 3.52%; vertical-align: bottom; text-align: center;">&#160;</td>
            <td colspan="8" style="width: 96.48%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Diana Shipping Inc.&#8217;s fleet is employed as follows:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.52%; vertical-align: bottom; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">Vessel</div>
            </td>
            <td rowspan="2" style="width: 7.72%; 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;">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>
            </td>
            <td rowspan="2" style="width: 6.78%; 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;">Notes</div>
            </td>
          </tr>
          <tr>
            <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="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">BUILT&#160; &#160; DWT</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 3.52%; vertical-align: bottom; text-align: center;">&#160;</td>
            <td style="width: 13.41%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <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>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 3.52%; vertical-align: bottom; 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;">8 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;">1</div>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); 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;">28-May-22</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>
            </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: rgb(0, 0, 0); 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;">21-Mar-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;">&#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;">$21,250</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;">21-Mar-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">20-Jun-23 - 20-Aug-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;">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;">$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;">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;">Aquavita International S.A.</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-Oct-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-Feb-23 - 15-Apr-23</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; 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;">A</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;">A</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;">$26,000</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;">$18,500</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;">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;">23-Nov-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-22 - 15-Feb-23</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; 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;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">CRYSTALIA</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;">$26,100</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>
          </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;">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;">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;">$24,500</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;">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;">Aquavita International S.A.</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;">5-Oct-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-Feb-23 - 30-Apr-23</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;">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;">C</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;">24-May-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <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;">&#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;">$25,000</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;">Hyundai Glovis Co. Ltd.</div>
            </td>
            <td style="width: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">24-May-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">20-Sep-23 - 20-Nov-23</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;">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;">$22,000</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;">15-Nov-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-Dec-22 - 31-Jan-23</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; 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;">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;">$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 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;">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;">9-Mar-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;">&#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;">$26,000</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: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">9-Mar-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-May-23 - 15-Jul-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; 82,194</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;">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;">$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;">$21,500</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;">30-Jan-22</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-23 - 15-Jun-23</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</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;&#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>
          </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;">14</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;">LEONIDAS P. C.</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;">$24,500</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;">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;">18-Feb-22</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-Mar-23 - 30-Apr-23</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;">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;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2011&#160; &#160;&#160; 82,165</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;">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;">$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>
            </td>
            <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;">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;">$27,000</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>
          </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;&#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;">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;">$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;">6</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>

      </table>
      <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;">-2-</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 style="margin-bottom: 10pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9869e490bb3b4bd3a3e91a602ca74ec1">

          <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;">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;">$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;">13-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;">7</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;">$16,500</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;">Raffles Shipping International 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;">13-Apr-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">6-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;">1,8</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; 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;">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;">$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;">12 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>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">ALIKI</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;">$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>
            </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;">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;">$10,500</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;">Trafigura Maritime Logistics 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;">8-Feb-22</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;">8-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;">9</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;">$16,000</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;">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;">8-Apr-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">27-Jun-22 - 17-Jul-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">10</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;">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;">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;">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;">$19,700</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;">15-Dec-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-23 - 15-Nov-23</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; 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;">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;">$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;">20-Apr-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;">&#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;">$13,000</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;">Richland Bulk 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;">20-Apr-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">30-May-22</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11</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;">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;">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;">$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>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">NEW YORK</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">F</div>
            </td>
            <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;">4-Jun-22 - 3-Jul-22</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>
            </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>
            </td>
            <td style="width: 13.41%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">SEATTLE</div>
            </td>
            <td style="width: 7.72%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">G</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>
            </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;">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;">2-Mar-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;">$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;">2-Mar-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-Oct-23 - 15-Dec-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;">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>
          </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;">27</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;">P. S. PALIOS</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;">$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;">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;">5-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;">23-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;">12,13</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;">$31,000</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;">Classic Maritime Inc.</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-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-24 - 30-Jun-24</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;">2013&#160; &#160; 179,134</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;">28</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;">G. P. ZAFIRAKIS</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;">H</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;">$22,750</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;">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;">1-Dec-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-Nov-22 - 31-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;">2014&#160; &#160; 179,492</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;">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;">H</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;">$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 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;">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>
            </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;">19-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;">14</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;">$29,500</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: 10.16%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">19-Mar-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">10-May-23 - 10-Jul-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;">2015&#160; &#160;&#160; 179,426</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;">30</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;">NEW ORLEANS</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;">$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>
            </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;">25-Mar-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;">&#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;">$32,000</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;">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;">25-Mar-22</div>
            </td>
            <td style="width: 22.36%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">20-Nov-23 - 31-Jan-24</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;">2015&#160; &#160; 180,960</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;">31</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;">FLORIDA</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;">$25,900</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;">Bunge 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;">29-Mar-22</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-Jan-27 - 29-May-27</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;">15</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;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">2022&#160;&#160; 182,063</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>

      </table>
      <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;">-3-</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>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z14b22cc96302439e81ff3facede306f5">

          <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>
            </td>
            <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;">I</div>
            </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>
            </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;">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-Jan-23 - 15-Mar-23</div>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">16</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;">2012&#160; &#160; 206,104</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;">33</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;">PHILADELPHIA</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>
            </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;">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>
            </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;">7-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;">17</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;">$26,000</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;">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;">12-Apr-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-24 - 15-Apr-24</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; 206,040</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;">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;">J</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>
            </td>
            <td style="width: 6.78%; vertical-align: middle;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">18</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;">$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>
          </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; 208,006</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;">J</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;">$28,000</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;">16-Dec-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-23&#160; -&#160; 30-Sep-23</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;">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>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze460c304b0654d9ba3ea0fcc84b5ca16">

          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">* Each dry bulk carrier is a &#8220;sister ship&#8221;, or closely similar, to other dry bulk carriers that have the same letter.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">** Total commission percentage paid to third parties.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">*** 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 style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">**** 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 style="width: 100%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">1 Based on latest information.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2 Expected redelivery date from the charterers.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">3 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; font-size: 9pt;">4 Vessel on scheduled drydocking from December 28, 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; font-size: 9pt;">5 Vessel was delivered to the Company on February 16, 2022.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">6 Charterers 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 style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">7 Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (April 10, 2022), with hire rate equal to the
                average of Baltic Panamax Index 5TC weighted time charter average minus 10% 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; font-size: 9pt;">8 For two laden legs of maximum duration up to June 30, 2022.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">9 Charter included a one time ballast bonus payment of US$1,000,000.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">10 Redelivery date based on an estimated time charter trip duration of about 80-100 days.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">11 Redelivery date based on an estimated time charter trip duration of about 41 days.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">12 Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (April 15, 2022), with hire rate equal to the
                average of Baltic Cape Index 5TC weighted time charter average plus 10% 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; font-size: 9pt;">13 Currently without an active charterparty. Vessel on scheduled drydocking.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">14 Charterers 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; font-size: 9pt;">15 Bareboat chartered-in&#160;for a period of ten years at US$13,500 per day.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-size: 9pt;">17 Vessel on scheduled drydocking from March 7, 2022 to April 12, 2022.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">18 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; font-size: 9pt;">19 Vessel on scheduled drydocking from February 4, 2022 to March 2, 2022.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <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>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="zf9d48a7b40a04125bf1bf7247d8e171e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="8" style="vertical-align: bottom;">
              <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 March 31,</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; 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;"> 2022</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>
          </tr>
          <tr>
            <td valign="bottom" colspan="8" 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: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">65,933</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">41,051</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: 76%;">
              <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;">1,714</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;">1,780</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: 76%; 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;">16,428</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;">18,552</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: 76%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net income/(loss) and Comprehensive 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;">26,044</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;">(1,295</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: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net Income/(Loss)&#160; and Comprehensive Income/(Loss), Attributable to Common Shareholders</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;">24,602</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;">(2,737</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="8" 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: 76%; 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;">33.5</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;">38.2</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: 76%;">
              <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;">35.0</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;">37.0</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: 76%; 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;">10.2</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;">10.1</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: 76%;">
              <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;">3,017</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;">3,434</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: 76%; 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;">2,906</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;">3,434</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: 76%;">
              <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;">2,860</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;">3,387</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: 76%; 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;">98.4</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;">98.6</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>
          </tr>
          <tr>
            <td valign="bottom" colspan="8" 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: 76%; 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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">22,099</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">11,436</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: 76%;">
              <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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">5,445</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">5,402</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-size: 11pt; font-weight: bold;">Non-GAAP Measures</div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt;"> <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="zdbe02ba987574f23b7685a3169ae2104">

            <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="z030fd6d3b083425c9f4f325fe58a384d">

            <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>
        <div style="margin-bottom: 10pt;"><br>
        </div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="font-size: 11pt; font-weight: bold;">Conference Call and Webcast Information</div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify;">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 Tuesday, May 24, 2022.</div>
        <div style="text-align: justify;"> <br>
        </div>
        <div style="text-align: justify;">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;">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 13729890.</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><br>
        </div>
      </div>
      <div>
        <div style="font-size: 11pt; font-weight: bold;">About the Company</div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify;">Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company&#8217;s vessels are employed primarily on medium to long-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-size: 11pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      </div>
      <div>
        <div><br>
        </div>
        <div style="text-align: justify;">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;">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;">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="text-align: justify;">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, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, 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;">(See financial tables attached)</div>
      </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>
        <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 style="margin-bottom: 10pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8ce95c6a513e457986fb38529b79025c">

          <tr>
            <td nowrap="nowrap" colspan="6" style="width: 99.94%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" colspan="6" style="width: 99.94%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FINANCIAL TABLES</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" colspan="6" style="width: 99.94%; 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>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 1.88%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 52.08%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.53%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 20.75%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 1.88%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 20.75%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" colspan="6" style="width: 99.94%; 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>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="zc46d3e9e4b124d02bb5eeb44b825c92b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <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 March 31,</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; 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;"> 2022</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>
          </tr>
          <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>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-left: 1%; width: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">65,933</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">41,051</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" 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>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">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;">&#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; padding-left: 1%; width: 76%;">
              <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;">1,714</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;">1,780</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: 76%; 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;">16,428</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;">18,552</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: 76%;">
              <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%;">&#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;">9,792</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;">10,049</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: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">General and Administrative 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;">7,059</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;">6,697</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: 76%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Management Fees to Related Party</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;">117</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;">449</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: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Loss on Sale 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;">-</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;">206</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: 76%; padding-bottom: 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Other Operating Income</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;">(240</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;">(106</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: 1%; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Operating Income, Total</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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">31,063</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">3,424</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" 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>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OTHER INCOME / (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;">&#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; padding-left: 1%; width: 76%;">
              <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;">(5,222</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;">(4,636</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: 1%; width: 76%; 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;">238</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;">28</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: 76%; padding-bottom: 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Loss from Equity Method Investments</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;">(35</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;">(111</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: 1%; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Total Other Expenses, Net</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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(5,019</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">(4,719</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" 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>
          </tr>
          <tr>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net income/(loss) and 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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">26,044</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">(1,295</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" colspan="1" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
              <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;">&#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;">(1,442</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;">(1,442</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: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net Income/(Loss)&#160; and Comprehensive Income/(Loss), Attributable to Common Shareholders</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;">&#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; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">24,602</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;">&#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; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,737</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: 76%; padding-bottom: 4px;">
              <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;">&#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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">0.32</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">(0.03</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" nowrap="nowrap" style="vertical-align: bottom; width: 76%; 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: 76%; padding-bottom: 4px;">
              <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;">&#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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">0.31</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">(0.03</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: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted Average Number of Common Shares Outstanding, 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;">&#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; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">76,336,785</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;">&#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; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">83,572,221</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" 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>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted Average Number of Common Shares Outstanding, 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;">&#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; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">78,786,949</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;">&#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; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">83,572,221</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>

      </table>
      <div><br>
      </div>
      <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;">-7-</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="zb5a286e136914862be64b83d35530eac" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="4" style="vertical-align: bottom;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">CONDENSED CONSOLIDATED BALANCE SHEET DATA</div>
            </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="4" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(in thousands of U.S. Dollars)</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="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" 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" 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;">March 31, 2022</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 style="font-weight: bold;">December 31, 2021</font>*</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" colspan="1" style="vertical-align: bottom;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>ASSETS</u></div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;"> (unaudited)</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="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" 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: 76%; background-color: #CCEEFF;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Cash and Cash Equivalents and Restricted Cash</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;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">115,682</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">126,788</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 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;">19,036</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;">15,357</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;">Total Fixed Assets</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;">744,395</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;">682,579</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;">Investments in Related Parties</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;">7,744</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;">7,644</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;">Other Noncurrent Assets</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;">11,149</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;">9,582</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 assets</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;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">898,006</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">841,950</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>
          <tr>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 76%; 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>
            <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" colspan="1" style="vertical-align: bottom; width: 76%;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>LIABILITIES AND EQUITY</u></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%;">&#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" nowrap="nowrap" style="vertical-align: bottom; width: 76%; 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>
            <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" colspan="1" style="vertical-align: bottom; width: 76%;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Long-Term Debt and Lease Obligation, net of Deferred Financing Costs</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%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">463,411</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <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%;">&#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;">Other Liabilities</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;">31,991</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;">25,080</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;">Total Stockholders' Equity</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;">402,604</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;">393,195</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;">&#160;Total Liabilities and Equity</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;">$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">898,006</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">841,950</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" 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>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9b49404e01ff49b5b5c93be4293bf8b0">

          <tr>
            <td nowrap="nowrap" style="width: 1.69%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">*</div>
            </td>
            <td nowrap="nowrap" style="width: 98.31%; 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>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="z03f0ae512cbd43eb997bb59c23464b0a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="8" style="vertical-align: bottom;">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OTHER FINANCIAL DATA (unaudited)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <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="6" style="vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended March 31,</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; 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;"> 2022</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>
          </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>
          </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;">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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">37,100</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">6,419</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;">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;">(21,302</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;">22,558</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;">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;">$</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">(26,904</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</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;">(25,851</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>
    </div>
  </div>
  <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">-8-</font></div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
