¹

TC: Time Charter, BC: Bareboat Charter, Spot: Vessel is currently trading on the spot market.

²

Expected redelivery date.

³

ANDV: Andeavor - CMACGM: CMA-CGM S.A. - CSSA: CSSA S.A., (a fully owned subsidiary of Total S.A.) - COSCO: Cosco Bulk Carrier Co. Ltd. -  FLOPEC: Flota Petrolera Ecutoriana - HMM: Hyundai Merchant Marine Co. Ltd. – MSC: Mediterranean Shipping Company Co. S.A. – PIL: Pacific International Lines (Pte) Ltd, Singapore - PTRB: Petroleo Brasileiro S.A. (‘Petrobras’) –  REPSOL: Repsol Trading S.A, –  Shell Tankers Singapore Private Limited.

⁴

Shell has extended the time charter for an additional year (+/-30 days) at a gross daily rate of $12,000 commencing January 2019.

In connection with the agreement to equip with exhaust gas cleaning systems the 'Hyundai Prestige', 'Hyundai Premium', 'Hyundai Paramount', 'Hyundai Privilege' and 'Hyundai Platinum' we have entered into a series of agreements with Hyundai Merchant Marine (“HMM”), to increase the daily charter rate by $4,900 for each vessel. The increase will be effective from January 1, 2020, or, if later, the installation date of the scrubbers until the expiry of each charter in 2024 and 2025, as applicable. The vessels are currently earning $23,480 gross per day following a restructuring agreement with HMM dated July 15, 2016. Under the restructuring agreement, the charter rate is set to be restored to the original daily gross rate of $29,350 from January 1, 2020 and will increase further to $34,250 once the scrubbers are installed in accordance with the Scrubber Agreements.