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The Fleet |
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Fleet Deployment & Gross Fixed Charter Revenue (As of August 4, 2010)
| Vessel Name | DWT | Year Built | Type | Deployment | Expected Redelivery | Charter Hire |
| Christine (1) (2) | 180,000 | 2010 | Capesize | Period | Feb-16 | $25,000 |
| Sandra (3) | 180,274 | 2008 | Capesize | Period | Feb-16 | $26,500 |
| Iron Miner | 177,931 | 2007 | Capesize | Period | Feb-12 | $41,355 |
| Kirmar (4) | 164,218 | 2001 | Capesize | Period | May-13 | $49,000 (net) |
| Pascha | 82,574 | 2006 | Kamsaramx | Period | Dec-10 | $21,000 |
| Coal Gypsy | 82,221 | 2006 | Kamsaramx | Period | Dec-10 | $22,000 |
| Iron Manolis | 82,269 | 2007 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Brooke | 82,594 | 2007 | Kamsarmax | Period | Dec-10 | $21,000 |
| Iron Lindrew | 82,598 | 2007 | Kamsarmax | Period | Dec-10 | $21,000 |
| Coal Hunter | 82,298 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Anne | 82,220 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Vassilis | 82,257 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Bill | 82,187 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Santa Barbara | 82,266 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Ore Hansa | 82,209 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Kalypso | 82,224 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Fuzeyya | 82,209 | 2006 | Kamsarmax | Period | Dec-10 | $22,000 |
| Iron Bradyn | 82,769 | 2005 | Kamsarmax | Period | Dec-10 | $22,000 |
| Grain Express | 76,466 | 2004 | Panamax | Period | Dec-10 | $22,000 |
| Iron Knight | 76,429 | 2004 | Panamax | Period | Dec-10 | $22,000 |
| Barbara(5) | 73,307 | 1997 | Panamax | Period | Jul-10 | $23,000 |
| King Coal (5) | 72,873 | 1997 | Panamax | Period | Jun-11 | $56,000 |
| Coal Age(5) | 72,824 | 1997 | Panamax | Period | Oct-10 | $21,250 |
| Renuar | 70,155 | 1993 | Panamax | Period | Dec-10 | $22,500 |
| Coal Pride | 72,493 | 1999 | Panamax | Period | Mar-11 | $24,000 |
| Grain Harvester | 76,417 | 2004 | Panamax | Period | May-11 | $30,000 |
| Coal Glory (5) | 73,670 | 1995 | Panamax | Period | May-11 | $24,000 |
| Linda Leah (5) | 73,317 | 1997 | Panamax | Period | Apr-11 | $24,000 |
| Happy Day | 71,694 | 1997 | Panamax | Period | Jun-11 | $27,000 |
| Fortezza | 69,634 | 1993 | Panamax | Period | Jun-11 | $27,000 |
| Iron Beauty | 164,218 | 2001 | Capesize | Spot | | |
| Lowlands Beilun (6) | 170,162 | 1999 | Capesize | Spot | | |
| Angela Star | 73,798 | 1998 | Panamax | Spot | | |
| Elinakos | 73,751 | 1997 | Panamax | Spot | | |
| Isminaki | 74,577 | 1998 | Panamax | Spot | | |
| Powerful | 70,083 | 1994 | Panamax | Spot | | |
| First Endeavour | 69,111 | 1994 | Panamax | Spot | | |
| Rodon | 73,656 | 1993 | Panamax | Spot | | |
| Birthday | 71,504 | 1993 | Panamax | Spot | | |
| Iron Man(5) | 72,861 | 1997 | Panamax | Spot | | |
| Fearless I (5) | 73,427 | 1997 | Panamax | Spot | | |
| Mairouli | 53,206 | 2005 | Supramax | Spot | | |
| July M | 55,567 | 2005 | Supramax | Spot | | |
| Emerald | 45,588 | 1998 | Handymax | Spot | | |
| Princess I | 38,858 | 1994 | Handymax | Spot | | |
| Marybelle | 42,552 | 1987 | Handymax | Spot | | |
| Attractive | 41,524 | 1985 | Handymax | Spot | | |
| Lady | 41,090 | 1985 | Handymax | Spot | | |
(1)The charter has a 50% profit sharing over the base rate on the monthly BCI Time Charter Rate.
(2)Excel holds 71.4% in the joint venture owning the vessel.
(3)A second charter on the vessel has been fixed commencing upon completion of her current charter and through February 2016 at a daily base rate of $25,000, with 50% profit sharing based on the monthly AV4 BCI charter rate as published by the Baltic Exchange.
(4)The charter party provides that the vessel receives all the excess cash in the case that her sub-charter employment earns a net daily hire rate exceeding $59,000.
(5) These vessels were sold in 2007 and leased back on a bareboat charter through July 2015
(6)A second charter on the vessel has been fixed commencing upon completion of her current charter and through September 2015 at a daily base rate of $28,000, with 50% profit sharing based on the monthly average BCI rate as published by the Baltic Exchange.
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