Commitment to load 30 vessels for PT Bukit Asam Prima

Although the coal market was full of uncertainty because of a sharp downturn of the world coal price in mid 2012, we believed the price pendulum would changed the direction at a point of time when the demand begins increasing. As we feel it now, though it rising slowly, the price starts up gradually during the first quarter 2013.

Continuing our mission to build a sustainable capacity by improving our strategic position in mining industry sector, in December 2012 we attained a long-term contract from PT Bukit Asam Prima to supply 1,650,000 mt steam coal for 30 shipments.

Until now we have successfully performed 11 shipments on schedule with total cargo shipped 37% of the agreed contract value.

• MV FANEROMENI - Cargo 55,000 mt (est) - ETA on 19 June 2013.

• MV GRAND BREAKER - Cargo 54,945 mt (est) - loaded on 8 June 2013.

• MV KEN STAR - Cargo 59,950 mt - loaded on 27 May 2013.

• MV APJ JAD - Cargo 51,137 mt - loaded on 15 May 2013.

• MV SAM TIGER - Cargo 52,000 mt - loaded on 5 May 2013.

• MV NOVO MESTO - Cargo 53,170 mt - loaded on 16 April 2013.

• MV JULY M - Cargo 55,658 mt - loaded on 30 March 2013.

• MV DIAMOND STAR - Cargo 57,097 mt - loaded on 17 March 2013.

• MV AM BREMMEN - Cargo 56,194 mt - loaded on 4 March 2013.

• MV TOXOTIS - Cargo 56,400 mt - loaded on 12 February 2013.

• MV NAVIOS MERCATOR - Cargo 53,300 mt - loaded on 22 January 2013.

• MV AMAZING - Cargo 56,703 mt - loaded on 5 January 2013.