Gabriel Panayotides had been the Chairman of the Board since February 1998. Mr. Panayiotides has participated in the ownership and management of ocean going vessels since 1978. He is also a member of the Greek Committee of Bureau Veritas, an international classification society. He holds a Bachelors degree from the Piraeus University of Economics. Mr. Panayotides is a member of the Board of Directors of D/S Torm.

George Agadakis has been Vice President and a Director of the Company since November 1997. He is the Shipping Director of Maryville and was General Manager of Maryville from January 1992 to January 2001. From 1983 to 1992 he served as Insurance and Claims Manager for Maryville. He has held positions as Insurance and Claims Manager and as a consultant with three other shipping companies since 1976. He holds diplomas in Shipping and Marine Insurance from the Business Centre of Athens (1973), the London School of Foreign Trade Ltd (1975) and the London Chamber of Commerce (1975).

Eleftherios A. Papatrifon was appointed Chief Financial Officer on January 1, 2005. Mr Papatrifon joins the Company from Geniki Bank of Greece, a subsidiary of Societe Generale, where he served as Head of Investment Banking. He brings fifteen years of experience in Corporate Finance and Asset Management, having previously served as a portfolio manager for The Prudential Insurance Company of America, as well as increasingly responsible positions in the banking and financial services sectors in Greece. He holds both a BBA and an MBA from Baruch College of the City University of New York and is a member of the CFA Institute and a CFA charter holder.

No family relationships exist among any of the executive officers and Directors.