Hellenic Carriers believe they possess a number of strengths that give them a competitive advantage in the shipping industry:

Long-standing experience in the shipping market. The founders of Hellenic Carriers and their family and affiliates have been involved in shipping since the early 1950's with a history of profitability generated through various shipping cycles from efficient operations and well timed acquisitions.

Established group with long-term, high-quality customer relationships. Hellenic Carriers has developed an extensive network of long-term business relationships with large, established charterers of dry bulk carriers, such as Bunge S.A., Baumarine AS, Mitsui O.S.K. Lines Limited, Oldendorff Carriers GmbH & Co. KG, Armada Bulk Carriers Ltd, Dampskibsselskabet Norden A/S, Swissmarine Services S.A., China National Chartering Corporation, Cosco Bulk Carrier Co. Ltd, Hanjin Shipping Company and Korea Line Corporation.

A modern, high quality fleet of dry bulk vessels with a weighted average age of 13.6 years as at 30 September 2008. All ships were built to high specifications in established, leading shipyards mainly in Japan and are subject to high standards of maintenance.

High standards of operation. Hellenic Shipmanagement Corp along with Mantinia Shipping Co S.A., to whom technical and operational management is sub-contracted, operate the fleet under a stringent safety management system and have an excellent operating track record.

Balanced employment strategy generating stable cash flow through period charters. Most of the ships are currently fixed on period charters of one to three years with remaining terms, as at 30 September 2008, of 2 to 34 months, based on latest expiration dates. Period chartering such as this assists predictable and visible cash flows and high utilisation rates.

An experienced management team with a proven track record. The executive management team of Hellenic Carriers is led by the Chief Executive Officer Fotini Karamanlis, who has over 12 years experience in the shipping industry. Hellenic Carriers believes that the members of its management team are skilled at recognising opportunities for the purchase and sale of vessels and that Hellenic Shipmanagement Corp. along with Mantinia Shipping Co S.A. have the technical, financial and managerial expertise to safely and efficiently manage a big bulk carrier fleet.